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Alex73 [517]
3 years ago
9

One possible solution to a diminishing Social Security payroll is to increase the Social Security tax by 1.89%. How would such a

n increase effect the tax on an annual salary of $54,000?
Business
1 answer:
Alecsey [184]3 years ago
8 0

Answer:

Annual tax  increase by $1,020.60.

Explanation:

As the Social Security payroll is increases the Social Security tax, So, it will lead to increase the annual tax and it is computed as:

Increase in Annual Tax = Salary × Increase in Social Security tax

Where,

Salary amounts to $54,000

Increase in Social Security Tax by 1.89%

Putting the values above:

= $54,000 × 1.89%

= $1,020.60

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Constitutions and, more specifically, anti-discrimination statutes represent public policy about equal employment opportunity (EEO).

These laws are in place at the federal, state, and local levels in the United States.

In terms of the employers or other entities they cover, the specific groups of people they defend, the transactions they regulate, and the kind and scope of legal remedies they offer, EEO laws differ widely from one location to another. When businesses engage employees, the philosophical idea of EEO is implied, at the very least.

WHAT IS AN "OPPORTUNITY" FOR WORK?

U.S. EEO rules forbid discrimination in terms and circumstances of employment on the basis of specified characteristics. As a result, "opportunities" can be found in a variety of employment circumstances, such as:

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1 year ago
On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction
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3 years ago
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will
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Answer:

$3760

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