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2 years ago

How much can you earn in 2022 and draw social security

Business

1 answer:

FinnZ [79.3K]2 years ago

6 0

Answer:

The maximum amount of earnings subject to Social Security tax will increase by $4,200 to $147,000 in 2022. Those who earn more than $147,000 in 2022 will notice a bump in their paychecks once their earnings have surpassed the taxable maximum and they no longer have Social Security tax withheld from their salary.

Explanation:

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In 2015, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 148,834,000 were employed, 8,296,000 were u

Naddika [18.5K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

148,834,000 were employed, 8,296,000 were unemployed.93,671,000 were not in the labor force.

Labor force= 8,296,000+ 148,834,000= 157,130,000

Adul population= 157,130,000 + 93,671,000= 250,801,000

Labor force participation rate= 157,130,000/250,801,000= 62.65%

What is the unemployment rate?

Unemployment rate= unemployed people/ labor force= 5.28%= 5.3%

7 0

2 years ago

Read 2 more answers

"record revenue when goods or services are provided to customers" is the definition of which principle in accounting?

ASHA 777 [7]

Revenue Recognition is one of the principles of accounting which explain the conditions for recognition of a Revenue. According to this principle, a business should record the revenue when the goods or services are provided to customers. The principal further explains that the revenue should be measurable in terms of money and the collection of revenue should be done or it should be receivable.

Hence we can say that "record revenue when goods or services are provided to customers" is the definition of <u>Revenue Recognition</u> principle in accounting.

6 0

3 years ago

Jordan plans to open a computer repair business this summer. As he plans, he writes down the long-term goals of the business so

Zarrin [17]

Answer:

D) Establish the mission, vision, and values statements

Explanation:

A mission statement is a short written description of what is the purpose of your company, or why does it exist. The mission statement usually includes the company's capabilities, what unsatisfied needs will the company satisfy, and activities will be carried out to satisfy their customers' needs.

The mission statement is the cause (before) and the vision statement is the effect (after). The vision statement should describe the long term goals that your company should accomplish. It serves as a guide to where you want to be in the future.

The value statements should describe how Jordan values his own business (including employees), his customers (including the community) and his suppliers. The values statements serve as a guide on how Jordan and his employees should behave within the business.

5 0

2 years ago

Internet comparison shopping sites like shopping.com and pricegrabber.com allow consumers to compare prices of substitute produc

Komok [63]

The answer is; "these sites have <span>increased the cross-price elasticity for substitute products".
</span>
When we evaluate the responsiveness of the demand for any good towards the change in the price of a related good is known as cross price elasticity of demand and it is always measured in terms of percentage.

5 0

3 years ago

g Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consist

murzikaleks [220]

Answer:

$1,500

Explanation:

Investment interest expenses = Interest Income + Non qualifying dividends

Investment interest expenses = $500 + $1,000

Investment interest expenses = $1,500

$1,500 < $2,500 (Investment interest expenses)

The long term capital gains are not considered in investment income because this income is taxed at a preferential rate. Hence, the Investment interest expenses deduction for the year is $1,500.

8 0

3 years ago