The statement is <u>True </u>that taxes deducted from an employee's earnings to finance social security and medicare benefits are called fica taxes.
<h3>
What do you mean by FICA?</h3>
The full form of FICA is Federal Insurance Contributions Act. FICA tax is considered as the money that is taken out of workers' paychecks to pay older Americans their Social Security retirement and Medicare that is Hospital Insurance benefits. It is a necessary payroll deduction.
All employers are required to deduct social security and medicare taxes from their employees' paychecks.
Moreover, the deducted amounts are remitted to the government through the social security administration authority.
Learn more about FICA taxes, refer to the link:
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Answer:
goodwill
Explanation:
As we know that the intangible assets are those assets which cannot be seen or even touched
It involved the assets such as patent, goodwill, trademark, franchisee, etc
But the asset which cannot be identifiable is goodwill
Therefore as per the given situation, the goodwill is the correct option
Hence, the second option is correct
Answer:
October
Explanation:
The computation of the month in which the largest amount of cash receipts is there
So, for that the calculation is to be needed
= $211,000 × 36% + $198,000 × 60%
= $75,960 + $118,800
= $194,760
For this month, the cash receipts from the account receivable is high
So the same should be considered
<u>Answer:</u> Production possibility curve
<u>Explanation:</u>
Production possibility curve (PPC) is a graph which represents the various combinations of output that can be made with the given resources and technology. PPC can also be called as Production possibility Frontier. PPC can be used to find the maximum possible production capacity of the firm.
PPF is utilized by the government to make efficient production as it produces only products and services it is best qualified to produce. The resources which are the inputs such as raw materials, labor, skills etc can be efficiently used with PPF.
Answer:
Negative linear
Explanation:
Negative linear is when two variables move in the opposite direction. Movement by one variable causes the other to move in the opposite direction. Negative linear is similar to an indirect relationship between the variable. For Bungerjoy, the variables are price and sales of hamburgers.
An observation has been made that if the price of hamburgers decreases, the sales increase. Changes in the price of the hamburgers will result in sales moving in the opposite direction. Positive linear correction is when two variables move in the same direction.