FICA tax includes a 6.2% of social security and 1.45% Medicare tax on earnings.
If we are hired by an organization, we would be least hurt by inflation if "the government increases social security retirement payments in anticipation of expected inflation".
<h3>What is
social security retirement payments?</h3>
Benefits from Social Security offer qualified retired adults and those with disabilities, as well as their spouses, children, and survivors, a portion of a replacement income.
To be eligible for benefits, a person must contribute to the Social Security system during their working years and accumulate 40 credits.
The role of social security in protecting against inflation are-
- Because Social Security benefits are adjusted to the Consumer Price Index for Urban Wage Earners and Clerical Workers, it is often assumed that recipients are protected from inflation (CPI-W)
- A cost-of-living adjustment (COLA) is a yearly increase to your benefit that Social Security calculates based on inflation, if any, in addition to any calculations based on your earnings.
- Social Security replaces a percentage of your pre-retirement income based on their lifetime earnings.
To know more about the Consumer Price Index, here
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Answer:
the earnings per share is $1.81 .
Explanation:
<em>Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding</em>
Therefore,
Earnings per Share = $724,000,000 ÷ 400,000,000
= $1.81
Answer:
32hours or 80% of the complete working hours per week of the business
Explanation:
When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.
The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.
Answer:
b) =
Explanation:
The equal sign ( = ) is the symbol that should be used for entering a formula in a cell. Hence, option (b) is the answer.
