Homeowners insurance provides what two basic types of coverage?

Your friend is nearing graduation and nervous about living on his own since he grew up in the same town where all his family liv

dezoksy [38]

I think d would be the best answer

4 0

3 years ago

Every worker sees a social security (fica) tax taken out of his or her paycheck. the nominal tax rate on workers is 7.65 percent

denpristay [2]

Part A:

Because, there is a ceiling on the amount of earnings that is taxable. Any earning below the ceiling will be taxed at 7.65% of the earning while any earning above the eiling will be taxed at 7.65% of the ceiling.

Given that the ceiling on the amount that is taxable is $117,000. If a worker earns $40,000, then the worker's FICA tax will be 7.65% of $40,000 = 0.0765 x $40,000 = $3,060

Therefore, the percentage of income that is paid in social security taxes by a worker in 2014 earning $40,000 is 7.65%

Part B:

Because, there is a ceiling on the amount of earnings that is taxable. Any earning below the ceiling will be taxed at 7.65% of the earning while any earning above the eiling will be taxed at 7.65% of the ceiling.

Given that the ceiling on the amount that is taxable is $117,000. If a worker earns $80,000, then the worker's FICA tax will be 7.65% of $80,000 = 0.0765 x $80,000 = $6,120

Therefore, the <span>percentage of income that is paid in social security taxes by a worker in 2014 earning</span> $80,000 is 7.65%

Part C:

Because, there is a ceiling on the amount of earnings that is taxable. Any earning below the ceiling will be taxed at 7.65% of the earning while any earning above the eiling will be taxed at 7.65% of the ceiling.

Given that the ceiling on the amount that is taxable is $117,000. If a worker earns $200,000, then the worker's FICA tax will be 7.65% of $117,000 = 0.0765 x $117,000 = $8,950.50

Therefore, the percentage of income that is paid in social security taxes by a worker in 2014 earning $200,000 is given by

$\frac{8950.5}{200000} \times100\%=4.48\%$

8 0

3 years ago

Accounts on the left side of the accounting equation (assets) are increased with a(n) to the account, whereas accounts on the ri

Nady [450]

Answer:

Debit and credit

Explanation:

While recording the transaction, the accounts are debited or credited based on the nature of the transaction

As we know that

The debit section reports assets and expenses side while the credit section reports sales revenue, stockholder equity, and the liability side.

So if the asset side or expense side is increased than it would be displayed on the left-hand side while the revenue is increased than it would be reflected on the right-hand side.

8 0

3 years ago

he mayor of a town has proposed a plan for the annexation of a new bridge. A political study took a sample of 1100 voters in the

Trava [24]

Answer:

The value of the test statistic is z= 2.40

Explanation:

n= 1100 (sample size)

Null hypothesis H0: p = 0.25

Alternative hypothesis H1: p>0.22

See attached picture

4 0

2 years ago

The importance of national income statistics to the government of Ghana

Zarrin [17]

Answer:

Explanation:

Importance of National Income Statistics to the government of Ghana

The importance of national income statistics to the government of Ghana can not be understated.

There are many importance and uses of national income statistics among which includes the following:

1. It shows the standard of living: National income statistics gives an indication of the standard of living of the people of Ghana through the measure of per capita income.

2. For economic policies and planning: The national income statistics is vital for economic policy formulation and planning

3. It gives pattern of expenditures of households: The national income data give an idea of the pattern of expenditure of households

4. Comparison purposes: The per capita income which is obtained from the national income estimate is used to compare the standard of living of Ghana with other countries.

5 0

2 years ago