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Elodia [21]
2 years ago
14

Where does the money you pay for the FICA tax on your paycheck go?

Business
1 answer:
strojnjashka [21]2 years ago
4 0

Answer:

see below

Explanation:

Social security and medicare taxes form the Federal Insurance Contributions Act (FICA) tax. These taxes are deducted from both the employer and employee per paycheck.

Social security tax forms the bulk of the FICA tax. The tax revenue collected as social security tax funds the United States government Social Security Trusts. The trusts are programs managed by the Social Security administration and include

  1. Retirement benefits
  2. Survivor benefits
  3. Disability benefits

Medicare tax revenue funds Federal government medicare programs. This program caters to older American health care costs.  The government's general revenue also finances health care. Medicare or health services in the USA are not solely dependent on medicare tax.

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If the substitution effect of the real interest rate on saving is larger than the income effect of the real interest rate on sav
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Answer:

rise, fall

Explanation:

In the case when the subsitution effect with respect to the real rate of interest should be saved and more than the income effect on the real rate of interest so if there is an increased in the real rate of interest so there is an increase in the consumption also there is the fall in the savings

Also, if there is a more income effect, the consumption should rise and the savings would decline

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3 0
3 years ago
When a solution is specifically designed for a particular problem or set of problems, it is
makvit [3.9K]

Answer:

E. custom-made solution.

Explanation:

custom-made solution can as well be regarded as "Tailor made" solution, it is kind of solution devices to meet a particular or a specific problem, it is devices to meet a direct requirement.

custom-made solution has a real practical application. There some computer software usually made to be a custom made solution for specific problem. It should be noted that When a solution is specifically designed for a particular problem or set of problems, it is custom-made solution.

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3 years ago
I'm doing a speech on drunk driving and idk what to use as a prop or visual aid that I can integrated into my speech. It can't b
dmitriy555 [2]
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3 years ago
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Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part
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With respect to management decisions a majority of the partners must agree, irrespective of the size of each partner's interest in the partnership.

<h3>What is partnership?</h3>

A partnership is an agreement in which two or more parties, known as business partners, agree to work together to advance their mutual interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.

A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.

The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.

To know more about partnership follow the link:

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3 0
1 year ago
Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl
Anton [14]

Answer: Market allocates goods effectively.

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