a debit entry in the cash account and a corresponding credit entry in David Levin's account are made for the transaction.....

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp

evablogger [386]

Answer: The social security tax will be withheld through September.

Explanation:

Social Security maximum base amount = $128,400

social security tax rate = 6.2% = 0.062

Medicare tax = 1.45% = 0.0145

Medicare Tax = no maximum

Base salary = $180,000

Social security tax amount = 0.062 × $128,400 = $7,960.80

Medicare Tax = 0.0145 × $180,000 = $2,610

Social security tax to be withheld = $7,960.80

Social security maximum base amount = $128,400

Monthly salary = $15,000

$128,400 ÷ $15,000 = 8.56

($15,000 × 8) + ($15000×0.56) = $120,000 + $8400

Therefore, the social security tax will be withheld through the ninth month which is between January to September

8 0

4 years ago

The ocean is an excellent example of a shared resource that can easily be abused and degraded because it’s shared by many differ

ahrayia [7]

Answer:

The answer is Problem Collective.

Explanation:

Simply,

Problem collective, or a Collective action problem is a shared problem that can be cooperated and solved collectively by those who are affected by it but they fail to do so because of their "Conflicting Interests."

Conflicting interests means that the goals of each country/individual are different and in order to come to a productive conclusion, each nation/individual has to make sacrifices and changes to their objectives. But as it doesn't happen, the problem persists and gets worse eventually.

4 0

3 years ago

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you

Ray Of Light [21]

Answer:

Yes. I agree

Explanation:

Due to a fall in barriers to international trade, companies in wealthy advanced economies now find it easier to move their manufacturing activities to other countries with lower labor rates so that they can reduce their manufacturing costs.

This move means that manufacturing companies in the wealthy advanced economies have reduced job opportunities and as such, workers in this industry will suffer.

7 0

3 years ago

Motorola's worldwide advertising campaign for cell phones is an attempt to provide a common theme and presentation in all market

larisa86 [58]

Answer: True

Explanation: The scenario given in the question is an example of global advertising campaign.

Global advertising can be referred to as advertising on global scale unification or captivating marketable benefit of worldwide operational variances, similarities and chances in order to accomplish global aims. It is also known as a method where similar universal message is functional at a global scale.

4 0

3 years ago

Which of the following is NOT true regarding the production possibilities frontier (PPF)? The PPF illustrates the trade-offs tha

ddd [48]

Answer:

The correct answer is: The PPF shows us that gains from trade are maximized when countries produce goods for which they have an absolute advantage in production.

Explanation:

A production possibilities frontier is a curve that shows different combinations or bundles of two goods that can be produced using all the resources and technology available.

It represents the concept of scarcity of resources and opportunity costs. Because of the scarcity of resources we cannot increase the production of both goods. To increase the production of one good we need to sacrifice the production of others. So, there is some opportunity cost involved in producing each additional unit of output.

7 0

3 years ago