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xz_007 [3.2K]
3 years ago
10

In 2013, the Social Security Administration announced that the Social Security Maximum Taxable Earnings would be capped at $113,

700. That means that earnings and wages above that amount would not be taxed. Social Security is an example of a ________ tax.
Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer:

Regressive tax

Explanation:

Social Security tax is the tax that is not exempted from employers and employees and which the funds are used to finance the Social Security program.

The Social Security tax finances the retirement, disability, and other benefits that eligible Americans receive under the Old-Age, Survivors, and Disability Insurance (OASDI) Program - the legal name of Social Security in the United States of America.

It is a Regressive tax in the sense that it takes a larger percentage of income from low-income earners than from their high-income counterparts, thereby further widening the already wide social divide between the rich and the poor.

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Corporate stock can be divided into categories called ________, which can be further divided into ________.
Sophie [7]

Answer:

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

4 0
3 years ago
In what type of economy do people officials determine the 3 basic economic questions?
Reil [10]
Most likely a Command economy.
4 0
3 years ago
All the following statements about residual value guarantees are correct about residual value guarantees, except that they:
lozanna [386]

Answer:

c. protect lessees against lessors who abuse leased assets.

Explanation:

The residual value guarantee may be defined as a guarantee that is made to the lessor where the value of an underlying asset will become at least some specified amount at the end of the lease. The guarantee is given by the party unrelated to a lessor.

The residual value guarantee provides to protect the lessor against the lessees who tries to abuse the leased assets. It does not protect the lessees against the lessors.

6 0
3 years ago
A sneaker manufacturing company targets teenagers. It sells the sneakers to these teenagers at a price which is lower than what
sladkih [1.3K]

Answer:

The correct answer is a. best-cost.

Explanation:

A best-cost strategy means palpable relief to the buyer, and is carried out under a series of characteristics that vary according to the product or service offered. In it, some functions that generate important values are sacrificed in order to offer a quality / service experience, which allows us to differentiate ourselves from the competition and thus be benchmarks in the sector. The statement shows a company that charges the design to the final buyer, which allows them to save costs in this area.

7 0
3 years ago
Kasey Corp. has a bond outstanding with a coupon rate of 5.82 percent and semiannual payments. The bond has a yield to maturity
Vilka [71]

Answer:

The quoted  price of the bond is $1,748.41  

Explanation:

The quoted price of the bond can be computed using the pv formula in excel which is given below:

=-pv(rate,nper,pmt,fv)

The rate is semiannual yield to maturity since the bond pay interest semiannually,which is 6.9%/2=3.45%

nper is the number of coupon interests the bond would pay over its entire bond life which is 24 years multiplied 2 i.e 48

pmt is the coupon interest payable semiannually which is $2000*5.82%/2=$58.20

The fv is the face value of the bond at $2000

=-pv(3.45%,48,58.20,2000)=$ 1,748.41  

The bond quoted price is currently $ 1,748.41  

3 0
3 years ago
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