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aivan3 [116]
3 years ago
7

After reading the article, select the statements that are correct. Choose one or more: A. The cost-of-living adjustment for 2020

is more than what it was in 2019. B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect. C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs. D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used. E. Next year, the average monthly Social Security payment will be almost $1,800.
Business
1 answer:
Mama L [17]3 years ago
8 0

Answer:

  • B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
  • C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
  • D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.

Explanation:

The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits '' </em>by<em> Associated Press. </em>

Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.  

Advocates and the seniors themselves have complained that the 2020 COLA is not enough to meet their current needs especially given the rising cost of healthcare.

Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.

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Answer:

Active traders often group themselves into two camps: the day traders and the swing traders. Both seek to profit from short-term stock movements (versus long-term investments), but which trading strategy is the better one? Here are the pros and cons of day trading versus swing trading.

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2 years ago
Merger Co. has 10 employees, each of whom earns $2,250 per month and has been employed since January 1. FICA Social Security tax
Elis [28]

Answer:

March 31

Dr. Payroll Tax Expense: 3071.25

Cr. FICA- Social security taxes payable:

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Cr. FICA- Medicare taxes payable:

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Cr. SUTA-State unemployment taxes payable:

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Cr. FUTA- Federal unemployment taxes payable: 135

Explanation:

March 31

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Cr. FICA- Social security taxes payable:

(6.2%×$2,250) 1395

Cr. FICA- Medicare taxes payable:

(1.45%×$2,250) 326.25

Cr. SUTA-State unemployment taxes payable:

(5.4$×$2,250) 1215

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3 0
3 years ago
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Helga [31]

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3. No cost should be recorded.

Explanation:

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Answer:

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This is also called contractionary monetary policy and it causes interest rate to be higher there by reducing investments.

4 0
3 years ago
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cupoosta [38]

Answer:

Mergers or Information Management

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Mergers-In order to respond to certain challenges, businesses may choose to merge with another business. The new business will have a larger market share than either of the original businesses did.

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