Answer:
reduction in jasmine gross pay is = $94.32
Explanation:
Given data:
gross pay = $754.80
federal tax is $31
social securty tax 6.2%
Medicare tax is 1.45%
Paystate tax is 18%
reduction in jasmine gross pay is calculated as
Reduction = federal tax+ ( social security tax * gross pay) + (medicare tax * gross pay) + ( paystate tax * federal tax)
Reduction = 31 + ( 6.2% + 754.8) + (1.45% *754.8) + (0.18*31)
reduction in jasmine gross pay is = $94.32
Monetary policy is policy set by the government to influence the amount of money and credit available in the economy
The Fed Reserve Bank controls interest rates and inflation rates to help encourage spending or borrowing and saving. Usually they will lower interest rates if they want to encourage spending and they will raise them if they want people to save more.
<span>With the onset of the internet and online means of outreach, interest groups and lobbying efforts have become more widespread and efficient in reaching an array of individuals. Given the ability to communicate with thousands or more at a time, they have been better able to frame and promote their interests.</span>
Conferences
competitions
<span>scholarship application</span>
Answer:
Regressive tax
Explanation:
Social Security tax is the tax that is not exempted from employers and employees and which the funds are used to finance the Social Security program.
The Social Security tax finances the retirement, disability, and other benefits that eligible Americans receive under the Old-Age, Survivors, and Disability Insurance (OASDI) Program - the legal name of Social Security in the United States of America.
It is a Regressive tax in the sense that it takes a larger percentage of income from low-income earners than from their high-income counterparts, thereby further widening the already wide social divide between the rich and the poor.
