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murzikaleks [220]
2 years ago
6

A major concern with Social Security is the possibility that funds will not be available when today’s tax-payers retire to becom

e beneficiaries. According to the Social Security Trustee’s report, an increase of 1.89% in the Social Security payroll tax would keep the account full for the next 75 years. To achieve similar results, benefits would have to be decreased from the current 42% of the ending salary to 29% of the salary. Cindy is relatively new to the workforce. She has 32 years until she can retire. Her current annual salary is $45,000. 1a) Calculate how much Cindy will have to pay in Social Security tax (6.2%) based on this salary. 1b) Calculate how much Cindy will have to pay in Social Security tax if the tax was increased by 1.89%. 2a) Calculate Cindy’s annual Social Security benefit (about 42%) if her salary remains unchanged until she retires (annual average is $45,000). 2b) Calculate Cindy’s annual Social Security benefit if her salary remains unchanged but benefits (based on her annual salary of $45,000) were cut from 42% to 29%. 3) If Cindy were given a choice between the increase in Social Security tax now or the decrease in Social Security benefits when she retires, which would you recommend she choose? Explain your answer thoroughly.
Business
2 answers:
Luba_88 [7]2 years ago
5 0

Answer:

1a) 45,000 * 6.2% = 2,790

1b) 45,000 * (6.2% + 1.89%) = 45,000 * 8.09% = 3,640.50

2a) 45,000 * 42% = 18,900

2b) 45,000 * 29% = 13,050

3) I think it would be better to have an increase in Social Security tax now and receive 18,900 as annual pension rather than the decrease in Social Security benefits when she retires.

Explanation:

Karolina [17]2 years ago
3 0

Answer:

...well Why cant the just . .

Explanation:

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Arlecino [84]

Answer:

A) storage cost

Explanation:

Storage cost -

It is the amount spend on the maintenance of the storage or holding of the inventory .

From the question ,

The multinational company , Oreva , pays $100,00 per year to the It firm , i.e. , the information technology firm , so as to maintain and secure all of its data and storage .

hence , from the question ,

The correct term according to the information of the question is  A) storage cost .

4 0
2 years ago
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Elanso [62]

Answer:

authorized 100,000

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Explanation:

The amount authorized doesn't change unless the company start  the legal procedure to do it.

The shares, once issued, can't be destroyed.

Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.

6 0
3 years ago
Which of the following does not represent an asset of a company?
mariarad [96]

Answer:

4. Amounts owed to suppliers

Explanation:

We know that

Balance sheet comprises of assets, liabilities and the stockholder equity

The assets could be classified into current asset, fixed asset, and the intangible assets

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The account receivable, equipment, supplies have come on the asset side of the balance sheet whereas the account payable or amount owed to suppliers have come on the liabilities side of the balance sheet

So, the most appropriate option is 4.

3 0
3 years ago
Where are did spain settle in
Natasha2012 [34]
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DochEvi [55]

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Explanation:

6 0
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