Answer:
The answer is: $4,030
Explanation:
Your total social insurance taxes represent 12.4% of your gross income. You are responsible for paying half of those taxes (6.2%) and your employer must pay the other half.
So you will have to pay $4,030 (= $65,000 x 6.2%) in social security taxes for your first year of work.
Answer:
b. why, when, and how goods and services should goods be produced?
Explanation:
The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?
These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.
Answer:
As Veronica is non-cooperative that means she doesn't care for the team so In this scenario, Veronica has a task-oriented leadership style.
Explanation:
Relationship-Oriented Leadership:
Such leadership style in which the leaders focus more on the team especially for the motivations of members of his team and their well being. As Veronica doesn't show positive attitude towards the team so she doesn't has this style.
Country Club Leadership:
In this leadership style, leaders are more concerned about the happiness of their teams rather than results as they believe if their team mates are satisfied then they can achieve their goals in an efficient way.
Task-Oriented Leadership:
In this leadership style, leadership are focusing on the task and goals rather than their team members (creativity, motivation and well being of team members) like in our scenario Veronica has task oriented leadership.
Team Management:
It is defined as the quality of an individual or an organization to manage their team members in order to work efficiently to achieve their set goals. It involves the coordination and communication of all the team members and results in the alleviation of conflicts and strong bonding of team.
Answer:
1) total revenue = $120,000
yearly costs = $30,000
opportunity costs of investment = $50,000
- economic costs include both accounting and opportunity costs = $30,000 + $50,000 = $80,000
- normal rate of return = accounting profit / investment* we are not given the investment amount, only the returns that the investment could yield, so we cannot calculate the normal rate of return
- accounting profit = $120,000 - $30,000 = $90,000
- economic profit = $120,000 - $30,000 - $50,000 = $40,000
3) When average total cost increases, that means that the marginal cost must be greater than the average total cost. If the addition of another unit of output does not change average total cost, it means marginal cost = average total cost.
4) Accounting costs only include explicit expenses (e.g. materials, utilities, labor, etc.), while economic costs include implicit or opportunity costs. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment from another alternative.
5) The normal rate of return is how much profits does a specific investment yield (in percentage). There is no absolute good or bad rate of return. For example, risky investments that yield 15% per year are considered good investments, but some secure investments that yield 5-10% can also be considered good investments that yield high rates of return. investors are risk averse, so the riskier the investment, the higher the return they will expect form it.