Answer:
The total payroll taxes for employee withheld for the current month will be $481.25 .
Explanation:
The social security tax and medicare tax will be calculated on the employee ( George glass ) earnings $2500 for the current month.
SOCIAL SECURITY TAX = $2500 X 6.2%
= $155
MEDICARE TAX = $2500 X 1.45%
= $36.25
Here federal unemployment compensation taxes won't be calculated on the employee's current , as these taxes will be paid by the employer.
In the total tax we will include federal income tax and state income taxes, so total payroll taxes would be -
= social security tax + medicare tax + federal income tax + state income tax
= $155 + $36.25 + $250 + $40
= $481.25
Answer:
Monopoly
Oligopoly
monopolistic competition
Perfect competition
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
examples of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is an utility company
An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms
Answer:
$213451.2
Explanation:
9.8% of the savings monthly
9.8/100 X 360
35.28
total monthly savings = 360 + 35.28
= 395.28
So, for the next 45 years, total amount in account
= 45 X 12
= 540 months
Total account for 45 years
= 540 X 395.28
= $213451.2
