Answer:
d. $2,943.72 is the total annual FICA tax for an annual salary of $38,480.
Explanation:
6.2% of the annual salary for the Social Security Tax, and 1.45% of the annual salary for the Medicare Tax. In total, FICA takes 7.65% of your annual salary as tax. $38,480 x 7.65% = $2,943.72.
In Country A, the opportunity cost of one paper clip is 1/2. Option C
<h3>What is opportunity cost?</h3>
The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.
We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.
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Missing parts
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.
In country A the opportunity cost of 1 paper clip is
A.2 rubber bands.
B.1 rubber band
C.1/2 rubber band.
D.1/4 rubber band.
On the left of the paper it should be the “cue Column and at the right side of the paper it should be “Note taking Column” and the bottom of the page it should be the summary section.