State the Problem, List Alternatives, Identify Criteria<span>, Evaluate Alternatives, and Make a Decision.</span>
In accounting terms, an intangible asset is something of value that is not of physical nature. On the other hand, property, plant and equipment (PPE) are just as the name suggests. PPE refers to physical long-term assets, such equipment that is vital to a company's operations and has a definite physical component.
Answer: The answer is $21.75
Explanation:
The rules says that employees will pay 1.45%, while the employers will pay 1.45% total is 2.9%
The employers will calculate 1.45% of the wages as withholding tax and pay it to the tax authority.
Therefore to calculate the Medicare tax payable for the pay period we use the formula
Wages × Medicare tax rate
Since wages = $1,500.00, Medicare tax rate = 1.45% ( 1.45÷100 = 0.0145)
1,500.00 × 0.0145
= 21.75
Therefore the Medicare tax payable for the pay period is $21.75
Answer:
Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.
Explanation:
Monopolistic competition can be defined as a type of imperfect competition in which different companies produce similar products, but not absolutely identical. These products differ from each other by their quality and packaging. In monopolistic competition each company set the prices of their product based on the different costs incurred during production.
Oligopoly can be described as a market structure with a low number of different organisations. In oligopoly each firm has to right to influence the price of their products inorder to maximise profit.
Monopolistic competition and oligopoly market structure share a similar characteristic which is the barrier to entry.