The young single parent's total income, including earnings from work and TANF benefits, is $12,300.
Let's assume the person's earned income from work as "E".
So, E = 700 hours * $15/hour = $10,500
The TANF benefit is reduced by 40% for every dollar earned, so the reduction rate for the earned income is -
R = 0.40 * E = 0.40 * $10,500 = $4,200
The TANF benefit is reduced by the amount R, so the TANF benefit after reduction is -
TANF = $6,000 - R = $6,000 - $4,200 = $1,800
The total income, including earnings from work and TANF benefits, will be as follows -
Total = E + TANF = $10,500 + $1,800 = $12,300
So, the young single parent's total income, including earnings from work and TANF benefit, is $12,300.
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according to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely
According to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely less than double.
What are diminishing returns?
When the amount of a single production element is incrementally increased while maintaining the same level of all other production factors, this phenomenon is known as diminishing returns in economics (ceteris paribus). The law of decreasing returns, commonly referred to as the law of diminishing marginal productivity, holds that when a production factor is increased by one unit while keeping all other production factors constant, the output per additional unit of input eventually decreases. Distinguishing returns cause productivity and efficiency to decline while output remains positive.
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janet, a new employee at nalpot inc., expects employers to utilize social media platforms as the primary communication method. janet most likely belongs to a group of workers called .
Janet, a new employee at Nalpot inc., expects employers to utilize social media platforms as the primary communication method. Janet most likely belongs to a group of workers called Generation Z.
The characteristics shown here are of Generation z (GenZ) workers who are well-versed in technological applications and are likely to promote it at the workplace.
As it's older members transition into young adulthood, Gen Z has become a population that is deserving of attention more and more. One-tenth of the 2020 electorate was made up of Gen-Zers, who were born after 1995.
While they share some traits with Millenials, their formative years were shaped by a dramatically different world, leading to significant differences in their attitudes, tendencies, and outlook.
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which of the following best describes what title ii of hipaa, known as administration and simplification, addresses? a. electronic standards for health care transactions and the code sets that can be used. b. the kennedy-kassebaum law. c. portability of health insurance for unemployed individuals. d. all of the above.
The following option that described the title II of HIPAA is A. Electronic standards for healthcare transactions and the code sets that can be used.
In the term of business, The Health Insurance Portability and Accountability Act of 1996 or also known as HIPAA generally can be defined as a United States Act of Congress enacted by the 104th United States Congress. The Health Insurance Portability and Accountability Act of 1996 or also known as HIPAA signed into law by President Bill Clinton on August 21, 1996. As an organization in the health insurance, HIPAA has a function to protect sensitive patient health information from being disclosed without the patient's consent or knowledge.
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The interest rate a company pays on 1-year, 5-year, and 10-year loans is a partly determined by (A). whether its cash flow from operations as a percentage of global revenues for the past two years is above 15%. (B). its current ratio and prior-year cash flow from operations as a percentage of prior-year global revenues. (C). the length of the term over which repayment is scheduled to occur--the interest rate is lowest for 1-year loans and highest for 10-year loans. (D). its current ratio, its its debt-equity ratio, and whether its cash flow from operations as a percentage of global revenues for the past two years is above 10%. (E). its prior-year market share of global footwear sales and whether the company has been profitable for three consecutive years.
Its credit rating, coupled with the percentage of prior-year investor-expected performance targets the company met or beat.
How interest rate is determined?Interest rates are determined, in large part, by central banks who actively commit to maintaining a target interest rate. They do so by intervening directly in the open market through open market operations (OMO), buying or selling Treasury securities to influence short-term rates.The setup of interest rate in a country is decided by the central banks. In India, it is based on the repo rate, which is the repurchase rate provided by RBI to banks while buying govt securities, on a short-term basis.Interest rate levels are a factor of the supply and demand of credit: an increase in the demand for money or credit will raise interest rates, while a decrease in the demand for credit will decrease themTo learn more about interest rate refers to:
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which activities related to internal business control are powered by ai? (choose every correct answer.)
Improving productivity, Decreasing defects and Boosting supply-chain management are powered by AI.
Companies utilize AI and machine learning to collect data on how customers view their brand. This could include employing artificial intelligence to scan social media postings, reviews, and ratings that mention the brand.
The insights gathered from this study enable businesses to discover areas for improvement. If your organization is having difficulty delivering things on schedule, AI may be able to assist.
AI-powered systems may help businesses predict the cost of materials and transportation, as well as estimate how quickly things will move through the supply chain. These kinds of insights assist supply chain professionals in making judgments regarding the best route to ship their items.
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Correct question:
Which activities related to internal business control are powered by AI? (Choose every correct answer.)
Multiple select question.
Improving productivity
Increasing in-person sales
Decreasing defects
Boosting supply-chain management
in which part of the business cycle is the federal reserve most likely to increase the discount rate to discourage banks from borrowing?
The Federal Reserve is most likely to increase the discount rate to discourage banks from borrowing during the expansionary phase of the business cycle.
What is Federal Reserve ?This is due to the fact that an economic expansion tends to raise the demand for loans as well as the amount of total economic activity, which might result in price pressure and inflation. The discount rate, or the interest rate at which banks can borrow money directly from the Federal Reserve, may rise in response to inflation. The Federal Reserve makes it more expensive for banks to borrow money by raising the discount rate, which deters them from doing so and slows down the rate of economic expansion.The tightening of monetary policy that results from a rise in the discount rate can help to bring down an overheating economy and stop inflation from spiraling out of control.To know more about Federal Reserve , check out :
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when xyz telecom, a long-distance telephone service provider, offered reduced rate on weekends, its volume of weekend calling increased sharply. determine if the situation represents:
Situation: XYZ Telecom offered reduced rate on weekends and experienced a sharp increase in weekend calling.
How to represent the situation of the xyz telecom?Representation: This situation represents a positive correlation between the price of a product and the demand for it.Economic Principle: The situation aligns with the law of demand, which states that as the price of a product decreases, the demand for it increases (ceteris paribus).Explanation: The reduced rate offered by XYZ Telecom on weekends made it more affordable for customers to make long-distance calls. As a result, more people started making calls on weekends, leading to an increase in volume.Implication: This situation is beneficial for XYZ Telecom as it has the potential to increase their revenue. Customers are more likely to choose the service when the price is lower, which could result in higher customer satisfaction and loyalty.Conclusion: The increase in weekend calling due to the reduced rate offered by XYZ Telecom demonstrates the impact of pricing on consumer behavior. By adjusting the price, companies can influence the demand for their products and services.To learn more about telecom refer:
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If you are paid $15 per $100 sold, what is your type of payment? a. commission b. salary c. wage d. pension
If you are paid $15 per $100 sold, what is your type of payment A. Commission.
A buyer agent is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of merchandise or services. Sales commissions are a common incentive used by employers to boost employee productivity.
A commission can be paid instead of or in addition to a salary. A payment made to a representative or employee in exchange for doing business on their behalf or rendering a service. Particularly: a portion of the funds received from the overall amount paid to it agent in charge of the business.
For each automobile he sells, a commission is given to him. 7.: the act of giving someone authority. Commission Accounting is just an income or expense incurred by the business during the course of a sale.
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Match the job descriptions to the job titles.
Tiles
lobbyist
public affairs officer
equal opportunity officer
IRS CI special agent
Pairs
works to prevent unlawful discrimination
against employees
helps government build a positive media
image
investigates tax crimes
meets with politicians to influence policy
making
On behalf of a group or person who pays them, professional lobbyists work to influence legislation, regulations, or other governmental decisions, actions, or policies.
What is legislation?Legislation, the process by which municipal, state, or federal legislatures draft and adopt laws.
It is occasionally used to refer to municipal ordinances as well as the rules and regulations issued by administrative bodies while they were performing their designated legislative duties.
Legislation entails participation from the executive branch in addition to action by a legislative body. Unless the executive's veto is overridden by a large enough majority in each house of the legislature, legislation cannot become law without the executive's concurrence.
Additionally, the executive's job requires much more than just consent or opposition. The executive actively participates in the creation of governmental policy as the chief officer of state and a political figure.
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what will happen to the equilibrium price of new textbooks if more students attend college, paper becomes cheaper, textbook authors accept lower royalties, and fewer used textbooks are sold? a. price will rise. b. price will fall. c. the price change will be ambiguous. d. price will stay exactly the same.
Option (d), If authors consent to accept lower royalties, supply will increase at a lower cost since production costs would decrease. If fewer used textbooks are sold, there will be a greater need for new ones. If demand and supply increase proportionately, the equilibrium price will not change.
What equilibrium pricing meansThe cost to the consumer for an item or service at the point where supply and demand are equal or nearly equal is known as the market-clearing price, also known as the equilibrium price. Both the manufacturer or the vendor are allowed to transfer as many units as they want, and the consumer is free to access as many units as they want.
Given that buyers and sellers are both prepared to buy the same quantity, there is neither a shortage nor an excess of the good at the equilibrium price. Both buyers and sellers have the option to acquire and sell at the market price the quantity they desire.
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rao construction recently reported $30.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. it had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 25%. what was rao's operating income, or ebit, in millions? a. $14.54 b. $16.56 c. $11.09 d. $16.70 e. $14.40
The answer is: EBIT = $14.40 million, which is option (e).
Rao Construction recently reported $30 million in sales, $12.60 million in operating costs (excluding depreciation) and $3 million in depreciation. To calculate its operating income or EBIT, we need to subtract these expenses from its sales.
EBIT = Sales - (Operating Costs + Depreciation)
= $30 million - ($12.60 million + $3 million)
= $14.40 million.
This means that Rao Construction earned $14.40 million before considering interest expenses and income taxes. The company had $8.50 million in bonds outstanding carrying a 7% interest rate, and its federal and state income tax rate was 25%.
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3. if we vaporize more of the feed, will this improve or worsen our separation in terms of the product purities?
Vaporizing more of the feed will depend on what type of separation process is being used and what components of the feed are being separated. If vaporizing more of the feed will increase the volatility of the components being separated, it may improve the purities of the final products.
What do you mean by Vaporizing?
Vaporizing is the process of heating a substance to the point where it changes state from a solid or liquid to a gas, without burning it. This is often done with cannabis, where the desired compounds in the plant can be released without the byproducts of combustion. Vaporizing cannabis is viewed as a healthier alternative to smoking, as it does not involve combustion, which is believed to create harmful toxins. Vaporizing is often done with a vaporizer or vape pen, which is a device that heats the substance without reaching the burning point. This allows the user to inhale the vaporized compounds without the harmful smoke or toxins.
So, Vaporizing more of the feed will depend on what type of separation process is being used and what components of the feed are being separated.
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bolivia produces 100 laptops and 20 cars. germany produces 150 laptops and 50 cars. what country should focus on car production?
While 20 automobiles and 100 laptops are both produced in Bolivia. 150 laptops and 50 vehicles are made in Germany. More automobile production is required in Bolivia.
When nations focus on securing their competitive advantages?Countries with a comparative advantage specialize in producing the items for which they have the lowest opportunity costs, which boosts productivity. For instance, go back to The two nations are A and B.
What kind of nation best exemplifies comparative advantage?Ireland, for instance, benefits from a favorable climate and a big quantity of land suited for dairy cows when it comes to cheese and butter. China has a labor surplus, which gives them a comparative edge in the electronics industry.
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an analyst studies a data set of the year-end book value per share for all companies listed on the new york stock exchange. this data set is best described as
An analyst studies a data set of the year-end book value per share for all companies listed on the new york stock exchange. this data set is best described as cross sectional data .
What does cross section data mean?
Cross-sectional data are the outcome of data collecting on a statistical unit that was done at a single moment in time.
With cross-sectional data, we are more concerned with the respondents' actual, genuine opinions about a survey question than we are with how the statistics change over time.
What is an example of a cross-section?
An additional illustration of a cross-sectional study would be a medical investigation into the incidence of cancer in a particular community.
The researcher can assess persons from various ages, ethnic backgrounds, places of residence, and social classes.
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which of the following scenarios exemplifies superficial message processing? a. lee analyzes the facts presented to him during a sales call and commits to buy the product from the salesperson. b. paula collects information from sources external to a company before buying the company's products. c. roger buys a product that was promoted through a humorous advertisement although he was not aware of its benefits. d. jacob relates the messages presented to him by a sales person to his own beliefs and goals before making a decision.
Roger buys a product that was promoted through a humorous advertisement although he was not aware of its benefits. Option C is correct.
How does superficial processing work?According to definition, shallow processing is a simple type of cognitive processing in which people don't put much thought or time into coming up with an answer. Advertising strategies that exploit superficial message processing are successful. Identify the qualities that apply to vaccination. The term "sleeper effect" describes a shift in mindset that takes place over time when the origin of a message is retained but the message's content is forgotten. In contrast to analytical processing of information that obviously takes more cognitive, heuristic processing happens when people make quick decisions and draw conclusions based on the information at hand.
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what amount of cost of goods sold should the company report in its 2021 financial statements? enter as a positive number.
The total of all direct costs incurred in producing a good constitutes the cost of goods sold (COGS).
It shows on an income statement and usually consists of money spent on labor and raw supplies. It excludes all expenses related to marketing, sales, or distribution.
After sales revenue, COGS is frequently the second line item on the income statement. To calculate gross profit, revenue is subtracted from COGS. The expenses incurred by the company in producing the products or rendering the services it offers are included in the cost of goods sold.
One of the most important financial reports in accounting, an organization's revenue statement, includes the cost of products sold. An income statement, such as a, lists the income for a specific accounting period.
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a straight-line production possibilities frontier (ppf) illustrates opportunity costs. a production possibilities frontier is bowed outward. this is illustrative of opportunity costs. a. constant, decreasing b. decreasing, constant c. constant, increasing d. increasing, constant
A straight-line production possibilities frontier (ppf) illustrates opportunity costs. a production possibilities frontier is bowed outward. this is illustrative of opportunity costs. a. constant,
What is production possibilities frontier (ppf)?
The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve.
PPF is important in economics as well. For instance, it might show that a country's economy has achieved the maximum degree of effectiveness.
The PPF illustrates that a rise in one commodity's production can only occur when the output of the other commodity falls.
Managers may use the PPF as a tool for making decisions when determining the best product mix for their organization.
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how can audience segmentation enhance your inbound marketing efforts?
You may deliver the obvious message about right kit to the correct individual time by using audience segmentation to improve communication and connection with your consumers.
What serves as segmentation's primary objective?
The goal of segmentation will be to focus marketing efforts on your target consumer profile , or the clients who are most likely to purchase your good or service. Customers at an organic store, for instance, are likely to exhibit one or all of the following traits: either a man or female. Market segmentation technique known as benefit segmentation divides your customer base into groups according to the Consumers' perceptions of the benefits or perceived worth of your product.
This may entail classifying consumers in accordance with their perceived value for things like quality, features, client service, etc.
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i inherited land from my father estate , i have it for 22 years and i wish to sell how do i know what the capital gains would be
The capital gains on the sale of inherited land will depend on the basis of the asset in the estate. When you inherited the land, it was assigned a basis based on its value at the time of your father's death.
This is known as the "stepped-up basis." The capital gains on the sale of the land will be the difference between the sale price and the stepped-up basis. To calculate the capital gains, you will need to know the sale price and the stepped-up basis. You can find the stepped-up basis in your father's estate documents.
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explain why a nation that concentrates solely on exports and never imports anything would have a lower standard of living than a nation that only imported goods and never exported anything.
Nation-states traded with one another before to globalization, but they exhibited a high degree of protectiveness in their dealings.
What is globalization?Globalization is the tying together and integrating of individuals, groups, and nations on a global scale. The term "globalisation" initially appeared in the early 20th century. It began to have a modern connotation sometime in the second half of the 20th century, and in the 1990s it ultimately gained widespread acceptance as a phrase to characterise the unparalleled global interconnectedness of the post-Cold War era. Due to advancements in communication and transportation technologies, its origins can be found in the 18th and 19th centuries. International trade has increased along with the sharing of beliefs, values, and cultural practises as a result of the growth in global connections. The main focus of the globalisation process, which also has social and cultural components, is on economic interaction and integration.
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the main objective of the iasb is to: multiple choice set accounting standards for all european union countries. develop a single set of global accounting standards.
The creation of a (B) unified set of global accounting standards is the main objective of the International Accounting Standards Board (IASB).
What is International Accounting Standards Board?The independent accounting standard-setting body of the IFRS Foundation is called the International Accounting Standards Board (IASB).
On April 1, 2001, the IASB was established to replace the International Accounting Standards Committee (IASC).
International Financial Reporting Standards (IFRS) development and usage promotion fall under its purview.
The International Accounting Standards Board's (IASB) primary goal is to create a single set of international accounting standards.
73, the International Accounting Standards Committee (IASC) has produced a number of standards referred to as International Accounting Standards (IAS).
Therefore, the creation of a (B) unified set of global accounting standards is the main objective of the International Accounting Standards Board (IASB).
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Complete question:
The main objective of the iasb is to: multiple choice
a. set accounting standards for all European Union countries.
b. develop a single set of global accounting standards.
taxes and insurance are often prepaid at closing to establish the escrow account. on which page of the closing disclosure form will the buyer see an accounting of the escrow account set up?
The escrow account on accounting will be set up on page two under other costs. So the buyer can see the account on that page.
Other costs on page two of the form are itemized for buyers and sellers. Taxes, prepaid, and initial escrow payment at closing, usually for two months worth that has been paid by the buyer and it will be shown on page two. An escrow account is a legal concept describing a financial agreement whereby an asset or money is held by a third party on behalf of two other parties that are in the process of completing a transaction.Learn more about the closing disclosure form at: https://brainly.com/question/28256555
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suppose fidelity investments requires applicants for its financial advisor positions to have the chartered financial analyst (cfa) designation, hires no black financial advisors, and very few blacks have the cfa designation. the disparity in fidelity's hiring of white versus black financial advisors is most likely attributable to
financial advisors is most likely attributable to financial industry experts who help and counsel their clients on financial investments, particularly in stock markets and real estate company investments. The correct answer is D)investment advisor.
Because they have a history of making many different types of investments, these persons typically have a wealth of expertise that they pass on to their clients.Through various publications (books, websites, podcasts, etc.), these advisors frequently take advantage of their experience and knowledge.
To attract new clients (or find other ways to do so) by providing "investment guides" or "collection of investment stories" that provide beginners with the fundamental information they need to get started investing. Erika is thinking of hiring a financial advisor who is paid entirely by fees. When using this remuneration model, an advisor is paid directly for the services they provide, without the use of commissions of any kind. This compensation could be hourly or based on a certain percentage of the assets you entrust to them.
Complete question:
suppose fidelity investments requires applicants for its financial advisor positions to have the chartered financial analyst (cfa) designation, hires no black financial advisors, and very few blacks have the cfa designation. the disparity in fidelity's hiring of white versus black financial advisors is most likely attributable to the choice the correct answer
A)financial planner
B)financial advisor
C)financial expert
D)investment advisor
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what is the difference in cost between a 10% tolerance and a 1% tolerance resistor? where did you find that information?
The cost difference between a 10% tolerance resistor and a 1% tolerance resistor can vary greatly depending on the manufacturer, the resistor's specifications, and the quantity being purchased.
A 10% tolerance resistor and a 1% tolerance resistor refer to the acceptable level of deviation from the stated resistance value. A 10% tolerance means that the actual resistance can be 10% higher or 10% lower than the stated value, while a 1% tolerance means that the deviation is only 1%. The cost difference between these two types of resistors is largely due to the increased precision and tighter manufacturing tolerances required to produce a 1% tolerance resistor. Higher precision manufacturing processes and stricter quality control checks increase the cost of production, leading to higher prices for the end product. In general, 1% tolerance resistors are used in high-precision circuits and applications where small deviations in resistance can have significant effects on the performance of the circuit. On the other hand, 10% tolerance resistors are typically used in circuits where a small tolerance is not critical, and cost is a major concern. To find the exact cost difference between a 10% tolerance resistor and a 1% tolerance resistor, it is best to check the prices of specific resistors from various manufacturers or electronics distributors. The prices can vary greatly depending on the specific specifications of the resistor and the quantity being purchased.
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when it is liquidated, a business has assets of $500 cash, $800 of liabilities and $400 common stock and ($700) deficit in retained earnings. based on this information: multiple select question. owners will receive zero. owners will receive $400.
A business has assets of $500 cash, $800 of liabilities and $400 common stock and ($700) deficit in retained earnings;Owners will receive $400.
What is the stock ?Stock, also known as equities or shares, are units of ownership in a company that represent a claim on the company's assets and earnings. Stock holders are entitled to a portion of the company's profits, as well as voting rights at shareholder meetings. Owning stock also means that you are taking on a certain amount of risk, since the value of the stock can fluctuate and the company could potentially go bankrupt. Investing in stocks can be a good way to diversify a portfolio and potentially generate higher returns than other investment vehicles.
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how many bicycles of each type must be sold to earn a target net income of $128,250? assume a constant sales mix.
To find out how many bicycles of each type must be sold to earn a target net income of $128,250, you will need to know the following information:
What is net income ?The cost of each type of bicycle on the market.
the related variable cost (cost of goods sold) for each type of bicycle.
the percentage of each type of bicycle in the overall number of sales, or the sales mix.
Once you know this information, you can use the formulas below to determine how many of each type of bicycle must be sold in order to provide the desired net income:
Determine how many units must be sold in total to generate the desired net income of $128,250. (selling price - variable cost).
Using the sales mix as a guide, calculate the quantity of each type of bicycle that will be sold. For instance, 60% of the total units will be sold if the sales mix is 40% for Type B and 60% for Type A.
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if the fourth amendment does not distinguish between closely regulated industries and those that are not, why does the court do so?
The response is "yes" in accordance with Fourth Amendment law. The control of a company's financial records is centralized.
What qualifies as a business that is subject to close regulation?By requesting a warrant, business owners attempt to defend their right against irrational searches and seizures, but the carefully controlled industry exception enables the legislature to prevent such activities from taking place in court (or at least deter them through immediate penalties).Businesses that are heavily and consistently controlled fall under the category of closely regulated businesses.The response is "yes" in accordance with Fourth Amendment law. The control of a company's financial records is centralized. Companies can agree to a government search of their databases under the common law doctrine even if their users object.To learn more about Fourth Amendment law refer to:
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marco owns a shoe store. he recently got an exclusive pair of shoes that he decides to sell for $300 when all other vendors are selling them for $250. marco is surprised when nobody comes to buy the shoes from him. what situation has marco created?
Monopolistic competition is a market model in which many companies sell different products (with different quality, brands, styles, and reputations) to compete with each other.
The goods and services they offer to their customers are similar but not equivalent. This market model is a form of imperfect competition and is considered inefficient due to distribution costs, overcapacity, lack of specialization and unemployment. It is worth noting that companies operating in such market systems often spend a lot of money on advertising.
This step is not critical as it increases the price of the product or service and causes the business to lose prospects and customers. Despite their size, companies often underutilize their production capacity and therefore underutilize their resources. This leads to unemployment as workers have nothing to do.
As mass production is a complex process, firms cannot fully utilize fixed factors and firms have overcapacity. Both in the long term and the short term, these companies demonstrate productive inefficiency. With that out of the way, let's move on to the characteristics of monopolistic competition.
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which of the following examples illustrates the law of demand? a) an increase in tuition encourages more students to enroll in college because the quality of b) consumers buy more personal computers because prices have fallen. c) oil companies drill for new sources of oil because oil prices are higher. d) fewer people play golf because incomes are lower.
Option b is correct. An example of the Law of Demand is that consumers buy more PCs because prices have dropped.
In conjunction with the law of supply, it explains how the market economy allocates resources and determines the prices of goods and services observed in day-to-day transactions.
This happens because marginal utility decreases. In other words, consumers use the first unit of the first purchased item to meet their most urgent needs, and then use each additional unit of that item to sequentially address lower-value purposes.
The law of demand is a basic principle of economics that the higher the price, the less the quantity of a good that consumers want.
Demand stems from the law of diminishing marginal utility, the fact that consumers use their assets to meet their most pressing needs.
The market demand curve represents the total quantity demanded at any given price by all consumers in the market. Changes in price are reflected in movement along the demand curve, but they do not, by themselves, increase or decrease demand.
The shape and magnitude of demand change in response to changes in consumer preferences, income, or related goods, rather than changes in prices.
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Tina’s gross pay is $2680. how much of her gross pay will be deducted for fica taxes? (the social security tax is 6.2% of gross pay. the medicare tax is 1.45% of gross pay.) responses $205.02 $205.02 $166.16 $166.16 $142.56 $142.56 $38.86
Answer:
Tina's gross pay of $2680 would be deducted $205.02 for FICA taxes, which includes both the social security tax (6.2% of gross pay) and the medicare tax (1.45% of gross pay).