briefly explain the purpose served by payroll taxes and how they are collected. describe any comment that economists point out with regard to payroll taxes.
Answers
Economists highlight the potential labor market distortions and disincentive effects associated with payroll taxes, as well as the impact on employers' costs and economic outcomes.
Payroll taxes serve the purpose of funding various government programs and initiatives, such as Social Security and Medicare, which provide retirement benefits and healthcare coverage for individuals. These taxes are imposed on both employers and employees based on a percentage of wages or salaries earned. Employers are responsible for deducting the payroll taxes from employees' wages and remitting them to the appropriate government agencies.
Economists often point out certain aspects related to payroll taxes. One comment they make is that payroll taxes can have adverse effects on the labor market. Since payroll taxes increase the cost of employing workers, they can discourage hiring and lead to reduced employment opportunities. Additionally, economists argue that payroll taxes create a disincentive for individuals to work and earn higher wages. As payroll taxes are typically based on a percentage of earnings, individuals face a higher tax burden when they earn more income, which can reduce their motivation to work and earn higher wages.
Furthermore, economists emphasize that the burden of payroll taxes falls not only on employees but also on employers. Payroll taxes increase the cost of labor for employers, reducing their ability to invest, expand their businesses, or offer higher wages. This can have implications for economic growth and competitiveness.
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Related Questions
Which of the following is not an advantage of personal selling?
A.) ability to get immediate action
B.)ability to cultivate relationships
C.)relatively low cost
D.)ability to be individually tailored
Answers
Answer:
C.)relatively low cost
Explanation:
Personal selling involves the use of a sales team to engage customers and convince them to buy. It is a one-on-one interaction between the seller and potential buyer.
Personal selling is a costly affair. Each salesperson can only engage one client at a time. To engage a large number of customers, a big team of salespeople is required. The hiring of good salespeople, training them, salaries, bonuses, and commissions can be expensive.
The reference base period for the CPI is 1982-1984. In May 2017, the CPI was 244.7. Complete the sentence. This CPI in May 2017 tells us that the ______ of the prices paid by urban consumers for a fixed basket of consumer goods and services was ______ .
Answers
Answer:
1. average;
2. 144.7 percent higher in May 2017 than the average of 1982-1984
Explanation:
Given the reference base period for the CPI is 1982-1984. And then, considering that in May 2017, the CPI was 244.7.
Then completing the following statement goes thus:
The Cost Price Index, often shortened as CPI, in May 2017 tells us that the AVERAGE of the prices paid by urban consumers for a fixed basket of consumer goods and services was "144.7 percent higher in May 2017 than the average of 1982-1984."
50. the success of hr departments depends on how well they serve the interests of which of the following stakeholder groups?
Answers
The success of HR departments depends on how well they serve the interests of stakeholders such as employees, executives, unions, and the government. Therefore, option A is correct.
HR. departments serve the interests of multiple stakeholder groups, but the two primary groups are employees and the organization itself.
HR. departments need to effectively serve the interests of employees by ensuring their well-being and engagement, while also supporting the organization's objectives by managing human resources in a strategic and compliant manner.
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Your question is incomplete, the complete question was:
The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased
Answers
Answer:
sold
Explanation:
Suppose that real GDP per capita of country A doubles in 20 years. The annual population growth rate is 1%. Price level increases by 2% every year. Use the given information to answer questions 19 - 23. Question 19 2.5 pts Using the rule of 70, Calculate the annual economic growth rate of country A. Answer: The annual economic growth rate= . % Question 20 Find the annual inflation rate. Answer: The annual inflation rate = % Question 21 Calculate the annual growth rate of nominal GDP of country A. Answer: The annual growth rate of nominal GDP % 2 pts 2 pts Question 22 0 pts (This is a bonus question. This question is worth 3 bonus points.) The government of country A wants to achieve economic growth by encouraging people to eat healthy and exercise regularly. Explain why encouraging people to eat healthy and exercise regularly can promote economic growth. Question 23 01 (This is a bonus question. This question is worth 2 bonus points.) Suppose the government of country A develops new infrastructure. Yet country A does not experience economic growth. Explain. Building infrastructure will not lead to economic growth if the infrastructure is not well maintained. Infrastructure projects will lead to a decrease in wages of construction workers. Cities with good infrastructure will discourage firms' investments. Cities with good infrastructure will discourage people from moving in.
Answers
19: Using the rule of 70, we can calculate the annual economic growth rate of country A by dividing the number of years it takes for real GDP per capita to double (20 years) by 70.
The annual economic growth rate = 70 / 20 = 3.5%.
20:
The annual inflation rate is given as 2% every year.
21:
To calculate the annual growth rate of nominal GDP, we need to consider both the economic growth rate and the inflation rate.
The annual growth rate of nominal GDP = Annual economic growth rate + Annual inflation rate
Since the annual economic growth rate is 3.5% and the annual inflation rate is 2%, the annual growth rate of nominal GDP is 3.5% + 2% = 5.5%.
22 (Bonus):
Encouraging people to eat healthy and exercise regularly can promote economic growth for several reasons:
1. Improved health leads to a more productive workforce: When people are healthier, they are less likely to be absent from work due to illness and have higher energy levels, leading to increased productivity and economic output.
2. Reduced healthcare costs: Healthy lifestyles can lead to lower healthcare expenses for individuals and the government, freeing up resources that can be invested in other areas of the economy.
3. Stimulated industries: Promoting healthy habits can drive demand for products and services related to fitness, nutrition, and wellness, which can create new business opportunities and job growth in these industries.
4. Enhanced human capital: A healthy population is more likely to have better cognitive abilities, which can contribute to innovation, entrepreneurship, and overall economic development.
23 (Bonus):
Building infrastructure alone may not lead to economic growth if certain factors are not considered:
1. Maintenance: If the new infrastructure is not well-maintained and deteriorates over time, it may not contribute effectively to economic growth. Proper maintenance is crucial to ensure its functionality and long-term benefits.
2. Skill development and utilization: Infrastructure projects may require specific skills during the construction phase, but if there is no emphasis on skill development and utilization beyond construction, it may not lead to sustained economic growth.
3. Complementary investments: Infrastructure development needs to be complemented by investments in other sectors such as education, healthcare, and technology to fully leverage its potential economic benefits.
4. Regulatory environment: A favorable regulatory environment is necessary to encourage private investment and business activities that can utilize and benefit from the new infrastructure. Without a conducive business environment, economic growth may be limited.
It's important to note that these are general explanations, and the specific context and conditions of country A would play a significant role in determining the impact of healthy habits, infrastructure development, and other factors on economic growth.
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How does the monetary policy that has been carried out by Bank Indonesia as the central bank face the COVID-19 pandemic?
Answers
During the COVID-19 pandemic, Bank Indonesia, as the central bank of Indonesia, implemented various monetary policy measures to address the challenges posed by the crisis.
Their actions aimed to mitigate the economic impact and maintain financial stability. Bank Indonesia lowered interest rates to encourage borrowing and boost economic activity. They also provided liquidity support to banks and eased regulatory requirements to ensure the smooth functioning of the financial system.
Additionally, they implemented policies to stabilize the exchange rate and manage inflation expectations. Bank Indonesia worked closely with the government to coordinate fiscal and monetary measures, such as implementing quantitative easing programs and targeted financing schemes.
These efforts aimed to support businesses, preserve jobs, and facilitate economic recovery amidst the pandemic.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
what is the present value of 8 equal payments of $16,000 to be made at the end of each year for the next 8 years? the annual interest rate is 10 percent.
Answers
The present value of 8 equal payments of $16,000 to be made at the end of each year for the next 8 years, with an annual interest rate of 10 percent, is approximately $95,289.92.
To calculate the present value of the future cash flows, we can use the present value formula, which takes into investment account the discount rate and the time periods. In this case, the formula can be written as:
\(PV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + ... + CFn / (1 + r)^n\)
where PV is the present value, CF is the cash flow, r is the interest rate, and n is the number of periods.
Plugging in the given values, we have:
\(PV = 16,000 / (1 + 0.10)^1 + 16,000 / (1 + 0.10)^2 + ... + 16,000 / (1 + 0.10)^8\)
PV=$95,289.92
Simplifying the equation and calculating the sum of the present values of each cash flow, we find that the present value is approximately $95,289.92. This represents the current value of the future cash flows, taking into account the time value of money and the interest rate
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ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.
Answers
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.
What are investing activities.?Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.
To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.
The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.
The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.
Therefore, the cash flow from investing activities was Rs 44,000.
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Question 4 of 10
Buying a new computer for which of these reasons is most likely a sound
financial decision?
A. You liked the ad for it on TV.
B. You need it to do your homework.
C. Your friend has one.
D. You were persuaded by a salesperson.
SUBMIT
Answers
Answer:
B. You need it to do your homework.
Explanation:
A computer is a useful resource in the life of a modern-day student. It gives students access to a lot of educational content available in digital content and through the internet. A computer makes student research work, report writing, and submission a lot easier.
A student investing in a computer is a sound financial decision. The computer will be a useful asset in the life of the student.
dharma enters into a contract to manage the operations of esther’s dental office for one year, renewable for subsequent one-year terms. if this contract is discharged like most contracts, it will be
Answers
If the contract between Dharma and Esther for the management of the dental office is discharged like most contracts, it will typically come to an end after one year.
However, it is important to note that the contract is renewable for subsequent one-year terms. This means that if both parties agree, they can extend the contract for another year, and this renewal can continue for multiple years as long as both parties are willing to renew it.
To clarify further, let's say Dharma and Esther initially signed a contract for one year. At the end of that year, if both Dharma and Esther are satisfied with the arrangement and want to continue working together, they can renew the contract for another year. This process can be repeated for subsequent one-year terms as long as both parties continue to agree.
In summary, if the contract is discharged like most contracts, it will initially last for one year, with the possibility of being renewed for subsequent one-year terms upon mutual agreement.
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If the contract between Dharma and Esther for managing the dental office is discharged like most contracts, it means it will come to an end. However, since it is renewable for subsequent one-year terms, it can be extended if both parties agree.
When a contract is discharged, it means that the obligations and rights outlined in the contract are terminated. In the case of Dharma and Esther's contract, if it is discharged like most contracts, it will come to an end after the agreed-upon one-year term. However, the contract also states that it is renewable for subsequent one-year terms. This means that if both parties agree, the contract can be extended for another year and so on.
If the contract between Dharma and Esther for managing the operations of the dental office is discharged like most contracts, it means that it will come to an end. Discharge of a contract can happen in various ways, such as through performance, breach, agreement, frustration, or operation of law. In this case, if the contract is discharged, it implies that the agreed-upon obligations and rights between Dharma and Esther regarding the management of the dental office will cease to exist.
However, it is important to note that the contract also states that it is renewable for subsequent one-year terms. This means that if both parties agree, they have the option to extend the contract beyond the initial one-year term. The ability to renew the contract for subsequent terms provides flexibility and the opportunity for both Dharma and Esther to continue their working relationship and the management of the dental office beyond the initial period.
In summary, if the contract between Dharma and Esther is discharged like most contracts, it will come to an end. However, the option for renewal of subsequent one-year terms gives both parties the possibility to extend the contract and continue their professional relationship in managing the dental office.
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what are the ‘three biggies’ in terms of evaluating the us economy?
Answers
Adam Smith (1723-1790), David Ricardo (1772-1823)and Alfred Marshall were the ‘three biggies’ in terms of evaluating the us economy
The United States us economy has a varied economy. It has an economic structure that blends aspects of capitalism and socialism. A mixed economy allows for some protection of private property and some economic flexibility in the use of capital, but it also allows for government intervention in the economy to advance social goals and the general welfare. The American government has always been concerned about the economy of the nation. Throughout its existence, a wide range of services began to come under the direct or indirect control of the public sector.
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The key supply chain process responsible for on-time delivery of goods and services to customers is referred to as?
Answers
The key supply chain process responsible for on-time delivery of goods and services to customers is referred to as order fulfillment.
Order fulfillment is the process within the supply chain that involves receiving, processing, and delivering customer orders. It includes activities such as inventory management, order processing, picking and packing, shipping, and transportation.
The goal of order fulfillment is to ensure that customer orders are fulfilled accurately and delivered to the customers on time. This process is critical for customer satisfaction and loyalty as it directly impacts the customer's experience with the company.
By effectively managing the order fulfillment process, companies can meet customer expectations, reduce order cycle times, optimize inventory levels, and enhance overall supply chain performance.
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What do you know, or have heard, about the U.S. Economy currently?
Answers
a special journal used to record only cash receipt transactions.
a.purchase invoice
b.purchase on account
c.cash payments
d.cash discount
Answers
The special journal used to record only cash receipt transactions Cash receipts journal
The special journal used to record only cash receipt transactions is the "cash receipts journal."
A. Purchase invoice is a document received from the supplier of goods or services indicating the quantity, price, and terms of the sale.
B. Purchase on account is a transaction in which the buyer does not pay for the goods or services at the time of purchase but is allowed to pay at a later date.
C. Cash payments journal is a special journal used to record only cash payment transactions.
D. Cash discount is a reduction in the amount of cash to be paid by a customer if payment is made within a specified period of time.
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Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
Answers
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1uj gyrju3hxif2 2x ce I I b I 6x9
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen
Now suppose that Rowe has an argument with her husband and wants to withdraw, and what effect would it have on the LLC?
Answers
A limited liability business enterprise (LLC) is a business structure allowed with the aid of state statutes. every nation might also use exclusive guidelines, you should check with your nation if you are interested in beginning a constrained legal responsibility enterprise. proprietors of an LLC are called contributors
The nation of Oklahoma, like almost every different nation, has an agency earnings tax. In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable profits. if your LLC is taxed as an employer you may need to pay this tax. The kingdom's company income tax goes back (shape 512) and is filed with the Oklahoma Tax fee.
To begin an Oklahoma LLC you may want to record the Articles of a corporation with the Oklahoma Secretary of state, which costs $one hundred. you could practice online, by way of mail, or in character. The Articles of the corporation is the felony record that officially creates your Oklahoma limited legal responsibility employer.3 days in the past.
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AtGlobal, Inc. claimed In Its advertisement that you can buy electronic Items on credit. Which federal law is applicable when AtGlobal, Inc. states
Its credit terms?
A.
Fair Debt Collection Practices Act
OB.
Truth in Lending Act
C.
Fair Credit Billing Act
O D.
Fair Credit Reporting Act
OE.
Equal Credit Opportunity Act
Answers
Answer: c
Explanation:
carole, karmen, and charles formed abc corporation. carole received 60 percent of the stock in abc corporation in exchange for appreciated property, karmen received 30 percent of the stock in abc corporation in exchange for legal services, and charles received 10 percent of the stock in abc corporation in exchange for cash. required: must carole recognize the gain she realized on the transfer of the appreciated property? suppose that, instead of receiving the entire 30 percent of the abc corporation stock in exchange for legal services, karmen received 10 percent of the abc corporation stock in exchange for her legal services and she received 20 percent of the abc corporation stock in exchange for cash (i.e., she transferred both services and property to abc corporation). must carole recognize gain on the transfer of appreciated property?
Answers
In exchange for appreciated property, Carole received 60% of the ABC Corporation shares, while Karmen received 30% of the ABC Corporation stock.
What does the word "property" actually mean?
Property is an item of law that encompasses possessions or riches collectively and frequently has a strong sense of individual ownership. The complex of legal connections between and among people regarding items is referred to as "jural relationships" in law. Anything that a person or organisation has legal ownership over is considered property. Property can refer to both tangible goods with a future value, like houses, automobiles, or appliances, as well as intangible items with no future value, like stock and bond certificates.
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What does the Federal Trade
Commission help protect?
A. All of the above
B. Trademarks
C. Copyrights
D. Patents
Answers
Answer:
A
Explanation:
The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by: collecting complaints and conducting investigations. suing companies and people that break the law. developing rules to maintain a fair marketplace. Meaning they stop any type of marketplace issue so the answer would be A.
Transactions that don’t increase or decrease cash, but that result in significant investing and financing activities, are reported either directly after the cash flow statement or in a separate note to the financial statements as noncash activities.
a. True
b. False
Answers
Transactions that don’t increase or decrease cash, but that result in significant investing and financing activities, are reported either directly after the cash flow statement or in a separate note to the financial statements as noncash activities.
The above statement is True
What do you mean by transactions?
An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction. Any transaction involves a shift in the financial situation of two or more entities, whether they be people or businesses.In a firm, there are primarily four different sorts of financial transactions. Sales, purchases, receipts, and payments are the four categories of financial transactions that have an effect on the firm.To know more about Transactions here
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Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlling
Answers
Answer:
b staffing is the answer
Answer:
....... C. Staffing
Explanation:
Click the picture to see the whole answer...the answer is Staffing
The accumulated benefit obligation measures Group of answer choices the level cost that will be sufficient, together with interest to provide the total benefits at retirement. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. the shortest possible period for funding to maximize the tax deduction.
Answers
Answer:
the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels
Explanation:
Accumulated benefit obligation (ABO) is the nearest amount that represent the liability pension plan of the company for the time period. It is predicted and depend upon the assumption that the pension plan would be ended on instant basis also it would not considered any increment in the future salary
So according to the options given, it would determined the pension obligation that based upon the plan formula and the same would be applied to service years also it would be depend upon the existing level of salary
The following table shows the salary of 7 people in an office last year.
Name Income Andy £9500 Bevan £25000 Cheryl £13250 Deva £72000 Elliott £12750 Frankie £29500 Grace £11000 a) Work out the mean income to 2 DP.
b) Deva was given a large bonus for 30 years service.
Excluding Deva's income, what was the mean income for the remaining 6 workers to 2 DP?
Answers
Answer:
£16,833.33
Explanation:
The computation of mean income is shown below:-
Mean income = Total sum of salaries ÷ Number of workers
= £9,500 + £25,000 + £13,250 + £72,000 + £12,750 + £29,500 + £11,000
= £173,000 ÷ 7
= £24,714.29
Now, the Mean income excluding Deva's salary:
Mean income = Mean income
= Total sum of salaries excluding Deva salary ÷ Number of workers
= (£9,500 + £25,000 + £13,250 + £12,750 + £29,500 + £11,000) ÷ 6
= £101,000 ÷ 6
= £16,833.33
We simply applied the above formulas
Assuming the beginning and ending nav remain the same and the fund started the year at a(n) premium and ended it at a(n) discount, the holding period return is:_________
Answers
nav remain the same and the fund started the year at the Holding period return for the year.
Funding is the provision of resources to fund a need, program, or project. This is usually in the form of money, but can also be provided in the form of effort or time from an organization or business.
Generally, the term is used when a company uses retained earnings to meet its liquidity needs, whereas the term funding is used when a company raises capital from external sources. increase.
Donations, grants, savings, subsidies, taxes. "Soft Funding" or "Crowd Funding" refers to funding that does not require immediate repayments, such as donations, grants, and grants.
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30 points please help!
Which of the following are NOT considered employment taxes?
a. real estate taxes
b. social security taxes
c. self-employment taxes
Answers
Answer:
B.
Explanation:
Social Security is Payroll Tax.
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
A firm's products have an average contribution margin ratio of 40%, which will be maintained for the next month even though fixed expenses are expected to rise by $20,000. In order to keep operating income for the month from being affected, revenues will have to increase by:
Answers
Answer:
$50,000.
Explanation:
A firm's products have an average contribution margin ratio of 40%, which will be maintained for the next month even though fixed expenses are expected to rise by $20,000. In order to keep operating income for the month from being affected, revenues will have to increase by: $50,000.
Based on your budget, which transportation option is
the best financial decision for you? Explain your
answer in at least two sentences.
Answers
Answer:
Option C would be the best choice. Option A's monthly payment is too high. Option B's down payment is too high. Therefore Option C is the best option.
Explanation: