Answer:
reduction in jasmine gross pay is = $94.32
Explanation:
Given data:
gross pay = $754.80
federal tax is $31
social securty tax 6.2%
Medicare tax is 1.45%
Paystate tax is 18%
reduction in jasmine gross pay is calculated as
Reduction = federal tax+ ( social security tax * gross pay) + (medicare tax * gross pay) + ( paystate tax * federal tax)
Reduction = 31 + ( 6.2% + 754.8) + (1.45% *754.8) + (0.18*31)
reduction in jasmine gross pay is = $94.32
Answer:
Any commodities which are produced at home and yield utility to the family
Explanation:
Household production occur when member of a household produce goods and service for their own personal consumption or for their own personal use, using their own capital as well as their own unpaid labor .
In another word in HOUSEHOLD PRODUCTION the member of the household are both the producers as well as the consumers of the goods produce by them.
Example of these household consumption are: Foods, Clothes Acommodation among others. Therefore we can vividly say that HOUSEHOLD PRODUCTION consists of Any commodities which are produced at home and yield utility to the family.
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<u>Explanation:</u>
Given
Consumption = (10 x 30) = 300
Investment = (100 x 2) = 200
Government Spending = (500 x 1) =500
13. Total GDP for this economy = Consumption + Investment+ Government spending
=(10 x 30) + (100 x 2) + (500 x 1)
=$1000
14. Consumption % on GDP
= Consumption/ Total GDP x 100
=(300/1000) x 100
= 30%
15. Investment % in GDP
= Investment / Total GDP x 100
=(200/ 1000) x 100
=20%
16. Government spending % on GDP
=Government spending/ Total GDP x 100
=(500/1000) x 100
=50%
