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Aleks04 [339]
2 years ago
5

Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workersâ compensation an

d has decided to cut the wages of its two employees (Albert and Sid) from $25 per hour to $21 per hour. Assume that Albert and Sid view income and leisure as "goods," that both experience a diminishing rate of marginal substitution between income and leisure, and that the workers have the same before- and after-tax budget constraints at each wage. Albert and Sid's opportunity set is presented below:What is the value of A when the wage is $25?What is the value of A when the wage is $21?At the wage of $25 per hour, both Albert and Sid are observed to consume 14 hours of leisure (and equivalently supply 10 hours of labor). After wages were cut to $21, Albert consumes 12 hours of leisure and Sid consumes 16 hours of leisure. Determine the number of hours of labor each worker supplies at a wage of $21 per hour:Albert's supply of labor = _______Sid's supply of labor = ________How can you explain the seemingly contradictory result that the workers supply a different number of labor hours?A. Albert has no income effect, and Sid has no substitution effect when the wage declines to $21.B. Albert's substitution effect dominates his income effect when the wage declines to $21, and vice versa for Sid.C. Albert has no substitution effect, and Sid has no income effect when the wage declines to $21.D. Albert's income effect dominates his substitution effect when the wage declines to $21, and vice versa for Sid.
Business
1 answer:
melomori [17]2 years ago
5 0
<h3>I don't know but please marks me as brainliests please...</h3>

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Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned
laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax  = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0
2 years ago
________ is the process of distributing indirect costs to products. cost allocation job cost recording cost pooling cost tracing
tatuchka [14]
I believe the answer is cost allocation.
3 0
2 years ago
Read 2 more answers
What should be the price of a common stock paying $3.50 annually in dividends if the growth rate is zero and the discount rate i
katrin [286]

Answer:

$43.75

Explanation:

Dividend discount model with zero growth assumes that the Company shall continue to pay the same amount of dividend in infinity. The formula for calculating price of such stock is

Price = Annual Dividend / Discount rate

Price = $3.5 / 8%

Price = $43.75 / per share

3 0
3 years ago
The amount paid to a depositor for keeping their money in a savings account is called
evablogger [386]

The amount paid to a depositor for keeping their money in a savings account is called  <u>"interest".</u>


You can open different sorts of personal savings accounts with banks, merchants and speculation firms. Savings accounts offer low returns contrasted and most different speculations, however are okay and a decent method to acquire enthusiasm until the point when you are prepared to move assets into higher-return ventures, for example, stocks and bonds.  

The interest on every single individual savings accounts is computed as compound interest.  

Regular savings accounts normally pay bring down loan fees than those paid by currency market accounts.

3 0
3 years ago
​Johnny's Shop-and-Pay is a regional grocery​ chain, and its marketing manager is trying to determine the​ profit-maximizing cou
insens350 [35]

Answer:

50% discount

Explanation:

We have the formula

price = marginal cost*(E/(E + 1) )

We are given the following:

price per unit item = $10

elasticity of demand, E = -3 for coupon users

marginal cost MC = ?

Hence

10 = MC * (-3/(-3 + 1))

10 = MC * 1.5

MC = 10 / 1.5 = 6.67

So, the appropriate discount that can be given is

price - marginal cost = 10 - 6.67 = $3.33 per box

OR  3.33 / 6.67 = 50% discount over cost.

8 0
2 years ago
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