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BabaBlast [244]
2 years ago
14

Angelo's father says he's going to "live off his Social Security" once he's ready to retire. What is Social Security, and how do

es Angelo's father plan to use it during retirement?
Business
1 answer:
Orlov [11]2 years ago
5 0

Social Security is a program and agency that provides benefits. Angelo's father can apply for the benefits for retirement to receive an income every month after he retires.

In the United States, the Social Security Agency provides benefits to citizens, these benefits are indirectly paid by citizens through taxes. This includes:

  • Survivor benefits.
  • Benefits for retirement.
  • Benefits for disability.

When Angelo's father refers to Social Security, he is likely referring to the benefits for retirement the Social Security Agency provides. This is a great benefit because Angelo and his family will receive money every month that will replace his wage as a worker.

This means he can use this benefit to pay for basic expenses such as housing, food, education, etc. without being an active worker.

Learn more in:  brainly.com/question/2460666

You might be interested in
Brand X, which currently markets luxury watches via billboards and advertisements in popular magazines, is considering saving mo
yuradex [85]

Answer: the correct answer is (B) newly rich consumers will not buy the watches if the watches are not advertised to people who are not yet wealthy who will then hold the watches in high regard

Explanation:

The paragraph says that that most purchasers of Brand X's luxury watches have only recently become wealthy and buy this brand so the logical argument is to reach "recently become rich" to attain higher sales. Advertizing in the magazine mentioned is not guarantee that the "new rich" will buy more watches since we don't know if they read the magazine mentioned.

7 0
3 years ago
Jamison Company reports depreciation expense of $48,000 for Year 2. Also, equipment costing $164,000 was sold for a $5,800 gain
V125BC [204]

Answer:

The correct answer is (a) $41,800.

Explanation:

Solution:

Given that:

The first step taken is to calculate for depreciation on sold equipment:

                                                                       Amount($)

Accumulated depreciation in Year -1  (a) = 540000

Depreciation for the year 2 (b) =  48000

Accumulated depreciation to be in year 2 c=(a+b)=588000

Reported accumulated depreciation in year 2(d)=460000

Thus,

Depreciation on sold Equipment e= (c-d) = 128000

Now,

The second step is to calculate sale proceeds:

Cost (a)= 164000  

Depreciation(b) =128000

The written dawn value c=(a-b) = 36000

Gain on sale of equipment (d)=5800  

The Sale Price (c+d)=41800

Therefore, the sale of the equipment is $41,800

5 0
3 years ago
The cost of a hard drive installed in a computer.
andreev551 [17]

The cost of a hard drive installed in a computer is option B  direct materials cost.

<h3>What is direct materials cost?</h3>

Direct material cost  can be described as the  cost of the raw materials as well as the  components  that is been utilized in the creation of  a product.

Therefore, The cost of a hard drive installed in a computer is direct materials cost , and the direct material cost serves ad the physical items that is been absorbed into the product and it is been used in the accounting which do help in making the financial analysis that is needed in the company, for instance a baker must include the cost of flour as well as other items needed for baking.

Therefore, option B is correct.

Learn more on direct materials cost at:

brainly.com/question/26245657

#SPJ1

6 0
2 years ago
Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $16,300 million in the coming year. In addition
loris [4]

Answer:

$13,805 million

Explanation:

The calculation of free cash flow is computed by applying the following formula

Free cash flow = EBIT(1 - t) - Net Capital Expenditure - Net operating working capital

where,

EBIT(1 - t) is $16,300 million

Net capital expenditure is $2,445 million

And, the net operating working capital is $50 million

Now putting the items values to the formula

So, the free cash flow is

= $16,300 million - $2,445 million - $50 million

= $13,805 million

Basically we applied the above formula to find out the free cash flow

4 0
3 years ago
30 ipods were up for sale at the local electronic store. the store owner sold the first 20 ipods for at least $15 and he sold th
Furkat [3]
He sold the last ipod for:
600 - 20 \times 15 - 9 \times 20 \\  = 600 - 300 - 180 \\  = 120
Thus he had sold the last ipod for $120.
5 0
4 years ago
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