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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (Round your answers to the nearest cent.)
Employee Cumulative earnings before this pay period $128,300
Pay amount this period $3000
Social Security
Medicare
Francisco believes in planning ahead. So he decides to find out how much he can draw from a retirement account each year for 30 years if he invests exactly.
For the next three years, measured in today's dollars (real dollars), a family anticipates buying $5,000 worth of groceries each year. Inflation is expected to be three percent per year during this period. The market interest rate is six percent comp..
Thinking About Thinking
In another economy consumer 1 has no x and 8 units of y and the utility fucntion U(x,y) = x - (1/4)y2. Consumer 2 has 16 units of x and 8 units of y.
Supply and demand show the relationships between two main variables, price and quantity. How are they depicted in demand, and in supply. What other factors impact the relationships between price and quantity in supply and demand? Which factors are..
Why is a fractional reserve banking system so unstable - Describe two ways in which the government regulation has made the fractional the fractional reserve banking system possible.
What is the approximate p-value of this hypothesis and find the confidence interval for the population mean
Imagine that you were the president of a merging county that is trying to reduce the number of its imports. Explain one (1) protectionist policy that you would utilize to help domestic industry over all.
These multiple choice problems belong to Economics. The first problem discusses about price and total cost being equal and the second problem is about the similarity between competition and monopolistic competition.
Suppose the market demand for good x is given by the equation Qd= 1000-20P, and the market supply is given by the equation Qs= 500+30P, find the equilibrium price of good x.
According to the "Rule of 70", how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A biotech firm is considering abandoning its old plant, built 23 years ago, and constructing a new facility that has 50% more square footage.
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