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Elodia [21]
3 years ago
14

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

Business
1 answer:
strojnjashka [21]3 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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you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general e
Elena-2011 [213]

Answer:

$278

Explanation:

100 * 1.15 = $115

100 * .79 = $79

100 * .84 = $84

$278

Hope this helps

3 0
3 years ago
Consider a single factor APT. Portfolio A has a beta of 1.0 and an expected return of 16%. Portfolio B has a beta of 0.8 and an
nirvana33 [79]

Answer:

B, A

Explanation:

A: 16% = 1.0F + 6%; F = 10%; B: 12% = 0.8F + 6%: F = 7.5%; thus, short B and take a long position in A.

4 0
3 years ago
If Nike had signed a release not to sue Already for past violations of trademarks, in exchange for some money, would this case l
Otrada [13]

Answer:No, Because the signed agreement was for previous violations, it does not cover future violations.

Explanation: Trademarks are intellectual property rights that is represented by appropriate signs, pictures etc signifying that the owner of the product has the right to the trade if certain types of product or products.

Trademark are legally approved rights that any violations can lead to severe consequences based on the enabling laws as enshrined in the constitution of a country.

5 0
3 years ago
____ 16. a decrease in the price of domestically produced nuclear reactors will be reflected in
Alchen [17]

I guess the correct answer is the GDP deflator but not in the consumer price index.

A decrease in the price of domestically produced nuclear reactors will be reflected in the GDP deflator but not in the consumer price index.

8 0
3 years ago
Under the georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor
swat32

Under the Georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor vehicle collision, your license will be suspended for one year.

Each state has their own standard of laws and what they do as far as license suspencion. Georgia will suspend the license for one year even if another state does it for a shorter or longer period time. Keep in mind each state is different and by checking their moter vehicle websites you can find information regarding their standards of moter vehcile collisions.

8 0
3 years ago
Read 2 more answers
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