Answer:
$965.075
Explanation:
Payroll taxes for the month of January is = FICA +FUTA +SUTA+
federal income taxes withheld+voluntary deductions for health insurance +contributes retirement plan.
= (0.0145*6350) +(0.006*6350)+(0.054*6350)+216+184+92
= 92.075+38.1+342.9+216+184+92
= 965.075
$965.075
Some money like Social Security is 6.2% of the first $118,500( not added because he's earnings are not up to $118500 and it's yearly stuff) and unemployment taxe is not added because his earnings is not up to $7000
Answer:
ROI=17.33%
Explanation:
the rate of return = Net gain/ initial investments x 100 %
Net gains = (selling price - commissions) - purchase price
Purchase price = 20 x $30 = $600
Selling price = 710
Commission = $6
ROI ={( 710 - 6) - 600}/ 600 x 100
ROI = 104/600 x 100
ROI= 0.173333 x 100
ROI=17.33%
The three C's of teamwork are Cooperation meaning working like a joint action. The second C is Coordination, being sort of in sync with your team or being on track all together. Lastly, Communication is communicating with your team members to understand what needs to be accomplished.
Hope I could help! :)
Answer:
a. banks hold reserves equal to only a fraction of their deposit liabilities.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
In the banking system, fractional reserve banking describes a situation in which a depository financial institution such as a bank, hold an amount of reserves that is typically equal to only a fraction of its deposit liabilities.
