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abruzzese [7]
3 years ago
13

The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages

of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
Business
2 answers:
Lynna [10]3 years ago
4 0

Answer:

c. fall primarily on employees

Explanation:

As the demand for labor is elasticc (if the business is not profitable will close) while the supply of labor more inelastic (worker had to work to sustain their living standards) the burden of taxation while in fact is assumed to be distributed equally what occurs is that labor is decrease to make the total cost (base wage plus taxes) the amount the employeer are willing to pay for the employee

bija089 [108]3 years ago
4 0

Answer:

C) fall primarily on employees

Explanation:

The cost of taxes is always shared equally between suppliers and sellers, since it increases the price paid by the buyers and decreases the money received by the suppliers. But that doesn't mean that both sides are hurt equally.

Generally the side whose price elasticity is more inelastic, will suffer the most from taxes. In this case, the suppliers of labor are households, while the consumers of labor are the businesses. Since the price elasticity of supply is lower (elastic), then that means that the suppliers will suffer the most.

Since the bargaining power of businesses is much greater than the bargaining power of workers, they have the advantage of setting the terms of employment. Unless there is a shortage of employment (excess demand), businesses will always set terms that favor them over the workers. So even though the taxes will be paid by both, workers and businesses, the businesses will simply lower the wages to compensate for their higher costs.

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Select the appropriate reporting method for each of the items listed below.
Radda [10]

Answer:

        Items                   ---             Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0
3 years ago
The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:
Over [174]

Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.

<h3>What is the unemployment rate?</h3>

The unemployment rate can be found by the formula:
= Employed people / (Unemployed + Employed people)

Solving gives:

= (11,000) / (65,400 + 11,000)

= 11,000 / 76,400

= 14.4%

In conclusion, the rate is 14.4%.

Find out more on the unemployment rate at brainly.com/question/13280244.

7 0
2 years ago
Q 1 (Cranberries) International Cranberry Uncooperative (ICU) is a competitor to the National Cranberry Cooperative (NCC). At IC
klemol [59]

Answer: 100 barrels per hour.

Explanation:

4 0
3 years ago
Procter &amp; Gamble recently introduced Pampers Rash Guard. Rash Guard does not represent a new product per se; rather, the dia
elena-14-01-66 [18.8K]

Answer:

<u>A continuous innovation.</u>

Explanation:

In this question, we can consider that the company Procter and Gambler used when launching the Pampers Rash Guard, a strategy of continuous innovation, as this is not a new product in itself, but an alternative to ordinary pampers diapers.

Continuous innovation can be defined as a strategy used by companies, mainly a large company like P&G, so that the company has a greater positioning in the market and with this the company becomes the market leader, as it already offers a product recognized as diapers Pampers and yet creates an innovation for diapers, so that it can reach a greater number of consumers and attest to its positioning of an innovative and updated company, which always seeks improvements for products that are already recognized as products of value and quality for the consumer.

3 0
3 years ago
compensating differences in wages, pay workers for: group of answer choices differences in the nonmonetary characteristics of jo
Ksivusya [100]

compensating differences in wages, pay workers for:  differences in the nonmonetary characteristics of jobs.

Non-monetary job characteristics incorporate job security, the kind disposition of colleagues, the degree of regard given by one's chief, etc. While non-monetary job characteristics have worth, they might be troublesome or difficult to evaluate.

Non-monetary Factors:

1. Status:

A worker is spurred by better status and assignment. Associations ought to extend employment opportunity titles that convey the significance of the position.

2. Appreciation and acknowledgment:

Representatives should be valued and sensibly made up for every one of their accomplishments and commitments.

3. Balance between fun and serious activities:

Representatives ought to be in a situation to adjust the two significant fragments of their life — work and life. This equilibrium causes them to guarantee the nature of work and life. A decent worker is a propelled representative.

4. Assignment:

Assignment of power advances devotion and responsibility among workers. Workers are fulfilled that their boss has confidence in them and this rouses them to perform better.

5. Working circumstances:

Sound working circumstances, for example, appropriate ventilation, legitimate lighting and appropriate sterilization further develop the work execution of representatives.

6. Job improvement:

This gives workers additional difficult undertakings and obligations. The job of the representative turns out to be more significant and fulfilling.

7. Job security:

This advances worker association and better execution. A worker ought not be saved on a transitory reason for an extensive stretch.

to know more about job security click here:

brainly.com/question/29339822

#SPJ4

6 0
1 year ago
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