1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dahasolnce [82]
3 years ago
14

Roland Purcell, a technical writer, has a gross monthly income of $2,400. His earnings to date for this year are $24,000. How mu

ch is deducted this month for Social Security? How much for Medicare? ​
Business
1 answer:
kipiarov [429]3 years ago
7 0

Answer:

Deduction for Social Security = $0

Deduction for Medicare = $348

Explanation:

Given:

Annual income = $24,000

Find:

Deduction for Social Security

Deduction for Medicare

Computation:

Deduction for Social Security is 6.2 % over $84,900.

So,

Deduction for Social Security = $0

Deduction for Medicare is 1.45%

Deduction for Medicare = $24,000 × 1.45%

Deduction for Medicare = $348

You might be interested in
Patrick's lease is ending soon, and he wants to rent at a different apartment complex. He
Komok [63]

Answer:

The Fair credit reporting act

Explanation:

4 0
3 years ago
Read 2 more answers
Publications reporting total return data for an investment should use the recommended reporting period of:______.
Bezzdna [24]

 Publications reporting total return data for investment should use the recommended reporting period of 1 year, 5 years, and the lesser of 10 years of the life of the investment

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Time deposits are primarily investments in banks. A fixed interest rate is paid and the original investment funds are returned to the depositor at maturity. Example: Mr. B deposited her $1 million in her XY bank. XY Bank pays interest at 10% per annum.

Investments generally fall into three main categories: stocks, bonds, and cash equivalents. Each bucket has different types of investments. Here are six types of investments you can consider for long-term growth and what you need to know about each.

Learn more about investment here

brainly.com/question/1305349

#SPJ4

8 0
1 year ago
How the stock market works <br>simplify ur answer?<br>​
Amiraneli [1.4K]

Answer: Stock market works by doing an activity of buy/sell. It is a profit process. For example, you bought something cheap and sell it expensive that is profit.

Explanation:

6 0
3 years ago
1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home chil
nlexa [21]
 B) Family child care <span>refers to care of a child in someone else's home. This is like a day-care that exists in someone's place of residence. Usually there are a number of children enrolled at once, and the care-taker makes the home more suitable to the purpose, ensuring child safety and that there are plenty of activities to stimulate the children. 

</span>
8 0
3 years ago
Read 2 more answers
A company can shorten its cash cycle by: __________
Dafna1 [17]

Answer:

None of the above

Explanation:

Companies can shorten their cash cycles by turning over their inventory faster. The quicker a company sells its goods, the sooner it takes in cash from cash and credit card sales and begins its accounts receivable aging. Inventory turnover has no impact on the cash cycles of service companies with no inventory.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Is it bad to pick up chicks in a dungeon?
    8·1 answer
  • Suppose that jack, sophia, and hal enter into a contract to close on the business without the non-competition agreement. jack st
    5·1 answer
  • As the facility manager, you listen to your employees and demonstrate concern and care about their social needs, but still make
    14·1 answer
  • Expected monetary value (EMV) is:________.a. the average or expected value of the decision if you knew what would happen ahead o
    5·1 answer
  • When the money market is drawn with the value of money on the vertical axis, the price level increases if Group of answer choice
    9·1 answer
  • Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,
    10·1 answer
  • Select the pairing that is correctly matched. A. Preferred stock: may be purchased by converting common stock shares into prefer
    15·1 answer
  • Is stinky caught in 4k hot?
    10·2 answers
  • 2. Happy Selling Company's salaries to sales agents amounted to Php 10,000. Salaries of accountants
    13·2 answers
  • Adjusting entries are made __________ of the accounting period to distribute revenue and expenses to the period in which they ar
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!