Answer:
The correct answer is letter "D": FICA.
Explanation:
The FICA (<em>Federal Insurance Contributions Act</em>) is a U.S. law that requires a paycheck deduction to be paid to <em>Social Security</em> and <em>Medicare</em>. Employers and employees share half the payment unless an individual is self-employed meaning the full amount must be covered by that person.
Create test plan, develope scenarios, implement, summarize feedback, and retest.
Answer:
The correct answer is: substitutes.
Explanation:
A decrease in the supply of good B will cause the supply curve to move to the left. This leftward shift in the supply curve will cause the price of good B to increase.
The consumers will prefer a cheaper substitute, so when the price of good B increases, the demand for good C will increase.
This indicates that good B and good C are substitute goods.
In order to find Average Tax Rate on total Income of $61609, we need to find total tax paid , which can be found as below:
Total Tax= $16929+$48
Total Tax=$16977
Average Tax Rate=
*100
Avearage Tax Rate=
*100
Average Tax Rate=27.56%
