Answer:
The amount of FICA tax withheld is $532.78
Explanation:
Earnings subject to tax = $117,000
Earnings for current month = $110,500
Therefore, the money subject to tax = Earnings subject to tax - Earnings for current month = $117,000 - $110,500 = $6500
Gross pay for current month = $8,950
Tax rate OASDI = OASDI rate × money subject to tax = 6.2% × $6500 = 0.062 × $6500 = $403
Tax rate Medicare = Gross pay for current month × Medicare rate = $8950 × 1.45% = $8950 × 0.0145 = $129.775
The amount of FICA tax withheld = Tax rate OASDI + Tax rate Medicare = $403 + $129.775 = $532.78
The amount of FICA tax withheld is $532.78
Answer:
$2.26 million
Explanation:
Plane A:
Initial outlay = $100 million
Annual cash flows = $30 million
Expected life = 5 years
Cost of capital = 12%
EAW = (r x NPV) / [1 - (1 + r)⁻ⁿ]
Using a financial calculator: NPV = $8.14 million
EAW = (12% x $8.14) / [1 - (1 + 12%)⁻⁵] = $0.9768 / 0.432573 = $2.2581 ≈ $2.26 million
An increase in real GDP and a rise in price levels.
GDP:
- A thorough evaluation of American economic activity. The value of the finished goods and services produced in the US is measured by the GDP (without double counting the intermediate goods and services used up to produce them).
- Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by governments, central banks, and the business community as well as in newspapers, on television news, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global economies.
- Most economists, governments, and companies prefer to see a continually increasing GDP since it typically indicates more consumer spending, job growth, tax revenue, and wage increases for workers. GDP declines indicate a contracting economy, which is bad news for both businesses and employees.
Learn more about GDP here brainly.com/question/1383956
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It was theorised by some conflict theorists that the education had made the students socialise into values dictated by the powerful. Furthermore, these conflict theorists believe that there would always be groups that would impose dominance to the less powerful in the society.
Answer: The correct is an increase in the cost of the products and services that consumers pay.
Explanation: If the local government increases property taxes on businesses this is increasing the operating costs of those businesses. The businesses are going to in turn pass the property tax increase on to the customers by increasing their rates on the goods and services that they sell.
