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timofeeve [1]
3 years ago
15

Sally earns $3200 per month. If 6.2% is withheld for Social Security and 1.45% is withheld for Medicare, how much is withheld fo

r FICA tax each month? Round your answer to the nearest cent, such as: $328.13.
Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

$244.8

Explanation:

Calculation for how much is withheld for FICA tax each month

FICA tax =($3200 per month*Social Security 6.2%)+($3200 per month*Medicare 1.45%)

FICA tax =$198.4+$46.4

FICA tax =$244.8

Therefore how much is withheld for FICA tax each month is $244.8

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Creswell Farms produces and sells clover honey and wants to expand its product line. A brainstorming session results in 40 diffe
Gwar [14]

Answer:

In this scenario, Creswell Farms is in the idea generation stage of the new product development process.  

Explanation:

Idea generation stage refers to the stage which involves the creation, development, and communication of the ideas. The process involves the construction of the idea and transforming the concepts into reality. The initiation of a project begins with the generation of the idea generation stage. In the above case, the suggestions are provided which would help the business of the product. Hence, this refers to the idea generation stage.

7 0
3 years ago
After long-run adjustments, a purely competitive market achieves Group of answer choices productive efficiency but not necessari
charle [14.2K]

Answer: both productive and allocative efficiency.

Explanation:

A purely competitive market, is a market where there are large numbers of firms which produces standardized product. The prices of the goods in the market are determined by the consumer demand and no supplier can influence the market price.

After long-run adjustments, a purely competitive market achieves both productive and allocative efficiency. This is due to the fact that the average variable cost will be minimized and thenoruce that's charged will be equal to the marginal cost.

7 0
3 years ago
1. If the price of the share grows as the company grows, how does buying 25 points
Simora [160]

Answer: b. An investor will be able to sell these shares for a higher price and make a profit.

Explanation:

Capital gains are a way to earn a return from owning stock in a company. They involve buying stock at a certain price and then selling the stock when the price increases. The difference between the selling and the buying prices is your capital gain.

This is the benefit to the investor here. If they buy a stock that grows with the company. They will be able to sell at a higher price eventually such that they will make a capital gain.

6 0
3 years ago
Some proponents of labor law reform believe that
worty [1.4K]

Answer:

Some proponents of labor law reform believe that: D. All of the above.

Explanation:

6 0
3 years ago
A municipal power plant uses natural gas from an existing pipeline at an annual cost of $10,000 per year. A new pipeline would i
Kay [80]

Answer: EUAC of new pipeline of $7,303.75 is less than the $10,000 of old pipeline so new pipeline should be built.

Explanation:

Equivalent Uniform Annual cost can be calculated as:

= Reduction in annual cost + (Initial Cost/ Present value interest factor of annuity, 7%, 20 years)

= 4,000 + (35,000 / 10.5940)

= 4,000 + 3,303.75

= $7,303.75

7 0
3 years ago
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