Policy economics is the application of the principles of economics to decision making (choices) by the various arms of the government sector.
<h3>What is Policy economics?</h3>
- The methods for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership,
- And many other areas of government interventions in the economy, are all included in the concept of the economy of governments.
- The federal government works to achieve three policy objectives in order to maintain a robust economy: stable pricing, full employment, and economic growth.
- The federal government has additional objectives to ensure sound economic policy in addition to these three policy goals.
- The Economic Policy (EP) Concentration's goal is to give policy professionals the abilities they need to develop and assess policy options, with a focus on how economics methods may be used to solve practical policy issues.
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When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
Both A and B (Health Insurance and Retirement Savings) are an example of a withholding you might see on your pay stub.
<h3>Further explanation
</h3>
A withholding tax is the income tax paid to the government by the payer of the income rather than by the recipient of the income. Withholding allowance is an exemption that reduces how much income tax of an employer deducts from an employee's paycheck.
A pay stub also known as a paycheck stub or pay slip is the document that itemizes how much employees are paid. It is that outlines the details of their pay of each pay period.
The pay stub include:
- Gross wages (the amount you earn before deductions)
- Tax deductions (federal, state, and local taxes, social security, medicare)
- Other deductions (health insurance, life insurance)
Both A and B (Health Insurance and Retirement Savings) are an example of the withholding you might see on your pay stub. Health insurance is the insurance against illness, accident, injury, poisoning also life threatening conditions.
<h3>Learn more</h3>
- Learn more about health insurance brainly.com/question/10257913
- Learn more about retirement savings brainly.com/question/10344819
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Learn more
about withholding tax brainly.com/question/13401026
<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: pay stub
Keywords: pay stub, health insurance, withholding tax, retirement savings, paycheck
When aggregate demand increases in the classical range of the aggregate supply curve the cost of goods or services tends to evince a corresponding rise.
