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zhuklara [117]
3 years ago
12

What is the purpose of a FICA tax?

Business
2 answers:
posledela3 years ago
5 0

A should be the answer


dexar [7]3 years ago
3 0
Federal Insurance Contributions Act (FICA) tax is a United States federal payroll (or employment) tax<span> imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, the disabled, and children of deceased workers.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

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You might be interested in
The lender charges you $9 per week for each $100 you borrow.
mixer [17]

Answer:

i believe 2,107.5711%

Explanation:

8 0
3 years ago
XYZ, Inc. just sold 700,000 shares in a public offering for an offering price of $24 per share. The underwriting fee was 7.50% o
pochemuha

Answer:

explicit costs = $1,260,000

the implicit costs = $8,400,000

total costs = $9,660,000

Explanation:

the underwriter's explicit costs = total number of shares x initial price x % charged by underwriter = 700,000 x $24 x 7.5% = $1,260,000

the implicit costs = (market price - initial price) x total number of shares = ($36 - $24) x 700,000 = $8,400,000

total costs = $9,660,000

8 0
3 years ago
Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy’
Schach [20]

Answer:

Executive and shareholder

Explanation:

Since in the question it is mentioned that Sandy supervises the regional managers also she directed them. Moreover, it is entitled her for the ownership of stock in the company

She is not a director so she is an executive also she has the stock ownership so she is also a shareholder

So the sandy position in the company is of executive and the shareholder

8 0
3 years ago
In value-based marketing, the promotion element of the four Ps communicates the ________ to customers through a variety of media
larisa86 [58]

Answer:

B. value proposition.

Explanation:

The value proposition is the value of the firm's offering, as explained to the target market.

It is also a belief from the customer about how value will be delivered, experienced and acquired because it is an innovation, service, or feature intended to make a company or product attractive to customers. Promotion is responsible for communicating this value proposition via a variety of media.

3 0
3 years ago
Read 2 more answers
You are torn between two saving accounts where to put your $1,500 in scholarship money for a year until you need it for next yea
mrs_skeptik [129]

Answer:

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

Explanation:

The two options can be expressed as shown;

Option 1: Bank Wan

A=P(1+r/n)^nt

where;

A=Total amount after a given time

P=Initial deposit

r-Annual interest rate

n=number of times the interest is compounded annually

t=number of years of the investment

In our case;

P=$1,500

r=2.5%=2.5/100=0.025

n=365 days

t=1 year

Replacing;

A=1,500(1+0.025/365)^(365×1)

A=1,500(1.02530

A=1,537.97

Total amount after a year=$1,537.97 for Bank Wan

Option 2: C-T Bank

P=$1,500

r=3%=3/100=0.03

n=2

t=1

Replacing;

A=1,500(1+0.03/2)^(2×1)

A=1,500(1.015)^2

A=1,545.3375

Total amount after a year=$1,545.3375 for C-T Bank

Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan

=(1,545.3375-1,537.97)=$7.3675

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

7 0
3 years ago
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