Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.

Answers

Answer 1
Answer:

Answer:

c

Explanation:

Answer 2
Answer:

Answer:

Her net pay will increase by $18.15


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It took the national government many years to implement just a fraction of the _______.

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?a.GDP increases by $2.00.b.GDP increases by $3.00.c.GDP increases by $5.00.d.GDP increases by $6.00.

Answers

Answer:

Taking these three transactions into account, what is the effect on GDP?

c.GDP increases by $5.00

Explanation:

The Gross Domestic product usually abbreviated as the GDP, is a measure of how much a goods and services a country can produce during a particular time period. The quantity of goods and service is usually expressed in monetary terms. it serves a a broad measure of a country's overall economic status. A higher GDP usually implies that the quantity of goods and services being produced in monetary terms is very high, there for it can be concluded that the general health of the economy is good.

To determine the GDP in our case, we need to determine the total value of a finished product to determine how much the GDP changes. The intermediate good is not included since it is not sold as a finished product but as a raw material in the production of a finished product. The following commodities are sold as finished products, for example; the bread and the second bag of floor. The change on GDP is as follows;

Change in GDP=Final GDP-initial GDP

where;

Change in GDP=unknown, to be determined

Final GDP=0+3+2=$5.00

initial GDP=assumed to be 0

replacing;

Change in GDP=5-0=$5.00

The effect on GDP is an increase of $5.00.

To date, Jay Ward has cumulative earnings of $118,000. This week he is paid $3,000. The total amount of Social Security tax for this week is (assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare):

Answers

Answer:

$31.00

Explanation:

Jay Ward  has cumulative earnings of $118,000 it means he has already been taxed on his earning on $118,000.

Difference  = $118,500 - $118,000

                   = $500

So on this paycheck only $2,500 of his earnings are taxable for social security tax.

Social security tax rate = 6.2%

Social security tax amount = 6.2% × 500

                                            = 0.062 × 500

                                            = $31

Therefore, the total amount of Social Security tax for this week is $31.00.

i really dont no what your question is or your options but if you are trying to see how much is taken out per year you take $118,500 × 6.2%+1.45% and its a little over $7,347.01, and if you are trying to solve per pay check same thing but use 3,000 not 118,500 which is $186.01 taken out

Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. a) Grace periods are actually beneficial to the credit card company
b) There are higher fees associated with grace periods
c) Most banks eliminate their grace period on new purchases if you don't pay your balance in full
d) All credit cards carry a grace period

Answers

Answer:

C. most banks eliminate their grace period on new purchases if you don't pay your balance in full

Explanation:

Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full

Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects that may only become observable over time. This statement most clearly emphasizes:A. The fallacy of composition
B. Economizing behavior
C. The importance of secondary effects
D. The fact that association is not causation

Answers

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

A local candidate running for office would very much like to have your vote. She promises that she will "make the country better." Because all candidates for public office say this, you decide not to vote for her. Marketing will not occur in this situation because____________.

Answers

Answer:

The correct answer is letter "D": something to exchange is missing.

Explanation:

Marketing refers to all the efforts companies and individuals make to promote their goods or services. One of the functions of marketing is being a bridge between what a consumer wants and what companies or individuals can provide. In that scenario an exchange takes place.

Thus, as the candidate is not offering something you are looking for, there is no exchange in between being that the reason why you did not vote for her.

1.what’s one category you wish fewer taxes were spent on ? why?2.what’s one category you wish more taxes were spent on? why?

Answers

Answer:I wish fewer taxes were spent on health. Although health is an essential part of everyone's life

I feel there are more significant aspects of society that need to be addressed such as the Federal Debt or Veteran's Benefits.

I wish more taxes were spent on public maintenance at parks or any government places, mostly because the bathrooms are always filthy.

Explanation:

Final answer:

The allocation of taxes is subjective and varies depending on personal priorities. Some might wish for fewer taxes to be allocated to military defense, diverting them to domestic issues. Others might prefer more taxes to be directed towards healthcare or social security.

Explanation:

It's essential to understand that opinions on tax allocation can vary greatly based on individual preferences and priorities. For example, one might wish for fewer taxes to be spent on military defense if they believe that funds could be redirected to more pressing domestic issues, such as education or infrastructure. On the other hand, one might wish more taxes were spent on aspects of social security or the healthcare sector. Individuals who prioritize the wellbeing of the nation's citizens, particularly the elderly or disabled, may want a higher percentage of taxes allocated to these categories. It is a complex issue with varying answers.

Learn more about Tax Allocation here:

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