Answer:
Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equally shared.
a. True
Explanation:
The incidence of the FICA tax refers to the extent to which an individual employee or the employing organization suffers from the imposition of the FICA tax. In the final analysis, the incidence may not be borne by the organization but consumers of its goods and services, depending on the elasticity of demand. Employers and employees usually split the FICA tax equally. The FICA (Federal Insurance Contribution Act) refers to the federally mandated tax for Social Security and Medicare.
To get the formula for the principal, we will use the
formula for the interest and derived it from there:
I = Prt is the equation then it will be P = I /rt since we
are looking for the principal.
P = I /rt
= $500 / (0.145 x 240/360)
= $500 / 0.0967
= $5170.63
To check:
I = Prt
= $5170.3 x 0.145 x 240/360
= $499.8 or $500
Answer:
The correct answer is $65.90 (approx.)
Explanation:
According to the scenario, computation of the given data are as follows:
Dividend paid = $8.50
Increase dividend = $6.50 per year
Require return = 16%
We can calculate the current share price by using following method:
=[($8.5 + $6.5) ÷ (1 + 16%)^1] + [($8.5 + $6.5 + $6.5) ÷ ( 1 + 16%)^2] +[($8.5 + $6.5 + $6.5 + $6.5) ÷ (1+16%)^3] + [($8.5 + $6.5+ $6.5 + $6.5 + $6.5) ÷ (1+16%)^4
= $15 ÷ 1.16 + $21.5 ÷ 1.16^2 + 28 ÷ 1.16^3 + 34.5 ÷ 1.16^4
= $65.90 (approx.)
Answer:
Command
Explanation:
Based on the information given the East Germans were living with COMMAND economy.
COMMAND ECONOMY occur in a situation where people are be authoritated, instructed or directed to do something without giving them the right to Decide and acquired what they want , desire or wish to have.
A country economy can be tend to be classified as a COMMAND ECONOMY when the government of such country are in total controlled of the economy of the country just as in the case of East Germany.
Therefore East Germans were living with what COMMAND economy.
