Martin will get a refund of about $370.
What is the estimated federal deductions from the gross pay of $30,135?
The estimated federal deductions is 15% of the gross pay of Martin, which is $30,135, in other words, the initial federal deductions before the actual federal deductions of $4,520 is known is as computed below:
Estimated federal deductions=15%*$30,135
estimated federal deductions=$4,520.25
The actual federal deductions of $4,150 is lower compared to the amount withheld from gross pay, hence, there would be a refund for Martin
refund=$4,520.25-$4,150
refund=$370.25
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Observation aims to recognize laws these term "law", it use for the sense of Hegel's generalization, a definition of categories that enhance this same classification and rational interpretation of expertise, and the discussion of the points can be defined as follows:
- The hybrid electric vehicle quantity supplied has moved to the right, so the new balance is projected to increase its outcome and also to decrease the market rate.
- This happens when the market demand curve is moved to the right. At a higher value and higher output, a new balance will be achieved.
- This occurs when the amount and quantity supplied are both right, when the output increases, but the prices stay the very same.
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The Correct Choice of Answer is Option B
A market to determine an <u>Equilibrium price</u>
- When the market is not operating at its equilibrium level, when supply and demand are equal, market failure occurs. Inefficiencies in the market lead to the issue of efficiency loss (deadweight loss).
- As an illustration, suppose the government levies a tax that causes a difficulty with the inability to establish an equilibrium when supply and demand are equal. a reduction in efficiency (deadweight loss) for both buyers and suppliers
<h3><u>What transpires when prices are balanced?</u></h3>
- The price at which the amount provided and requested are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If the amount of an item or service supplied exceeds the amount sought at the going rate, there is a surplus, and the price is under pressure to decline.
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