I understand it that they cannot control their cost increases because they cannot for example increase the prize of the service they provide.
This means that they will have less money if some costs increase, for example if the prize of gas increases. Therefore, the salaries will be lower, since there will be less money to distribute.
Answer:
$10,570.80
Explanation:
The computation of the withheld during the year is shown below:
= Social security tax + medicare tax
where,
Social security tax is
= $128,400 × 6.2%
= $7,960.80
And, the medicare tax is
= $180,000 × 1.45%
= $2,610
So, the total withheld during the year is
= $7,960.80 + $2,610
= $10,570.80
We simply added the social security and medicare taxes so that the withheld could come
Answer:
should exceed the rising price level.
Explanation:
Inflation occurs when there is a general increase in prices of goods and services in an economy. The price of a basket of goods increases so the purchasing power of money is reduced.
For example when a gallon of petrol sells for $50 under inflation it can rise to $100. More money will be needed to buy the same amount of goods.
In this situation the rate of return of an investment will need to be above the rising price level to maintain a positive cash flow.
This is because value of money has reduced so returns needs to be higher to make positive cash flow.
Answer:
Norms
Explanation:
A norm is something that is usually done or has become a standard.
In the case of the employees, work is expected to be completed and the staff should have exited the premises by 6pm. Since this is done everyday, it is a norm.
It can be further said to be something that has become normal.
Just like in the question, submission of team outings, reports and attendance have also become a normal thing in the company, every month.
Cheers.
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