Answer:
1. Total earnings
Normal hours 40 *$15 = $600
Overtime 8 * $30 = <u>240</u>
<u> $840</u>
<u />
2. Total Deduction
United fund deduction 50
social security(6%*840) 50.4
Medicare tax(1.5%*840) 12.6
State unemployment(3.4%*600) <u> 20.4</u>
<u> 133.4</u>
<u>3. </u> Cash paid
Total earnings $840
Total Deduction <u> 133.4</u>
<u> 706.6</u>
<u>b. </u> employer payroll tax
Medicare tax = 1.5% *840 = $12.6
Federal unemployment tax = (0.8%*600) <u> 4.8</u>
<u> </u> <u> 17.4</u>
Explanation:
Answer:
Option "B" is the correct answer to the following statement.
Explanation:
According to excess business loss rules, $500,000 is deductible to joint return and $250,000 deductible for a single taxpayer or single return.
In this situation, Max is a single taxpayer so, he would receive a maximum $250,000 loss deduction under excess business loss rules.
Therefore, Max's maximum deductible amount is $250,000.
Answer:
monetary and fiscal policies to counteract even small undesirable movements in economic activity.
Explanation:
Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
Answer:
The right option is (C)
Explanation:
The economic model of corporate social responsibility explains that a company should focus on providing their customers with the best product possible and they should manufacturing goods which public needs. The only way to benefit society is to leave society alone and work to provide market profit products that society needs. The management of online retail store is establishing a complete opposite framework.
