The FICA tax consists of Question 20 options: federal income tax and Social Security tax. Social Security tax and Medicare tax. federal income tax and Medicare tax. federal income tax.

Answers

Answer 1

Answer:

The FICA tax consists of Social Security tax and Medicare tax.

Explanation:

FICA is the acronym for the Federal Insurance Contributions Act, a federal law that establishes that both employers and workers must pay a percentage of their earnings or salary to a federal fund destined to contribute to the federal social insurance fund, which includes within itself Social Security and Medicare programs, destined to provide social and health services to the most disadvantaged sectors of the American population such as disabled or retired people, among others.

Answer 2

The FICA tax consists of Social Security tax and Medicare tax. It is a payroll tax that funds these two social insurance programs in the United States.

What are these used for?

The Social Security tax is used to provide retirement, disability, and survivor benefits, while the Medicare tax funds the Medicare program, which provides healthcare services for individuals aged 65 and older and certain disabled individuals.

The FICA tax is deducted from the earnings of employees and matched by their employers to support these vital programs. Federal income tax is a separate tax and is not included in the FICA tax.

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Related Questions

What percentage of business owners say their business plan was a major factor in their success?

Answers

Answer:

after 5 years was 50% after 10 years its 70%

Explanation:

Harvard did a study on the industry fail businesses and came up with these statistics

70%, I am one myself and have looked it up from many different sources

Orlando’s business wants to enact an affirrimative action plan which of the following would not be a part of the process

Answers

Answer:

C). Firing majority workers who perform the least well.

Explanation:

An Affirmative action plan is characterized as the management tool that details of present and future course of action/procedure in order to ensure the rights of every individual on the basis of their caliber, ability, and merit irrespective of their race, gender, class, religion, disability, etc. It primarily aims to offer a fair entry to employment opportunities for all and develop a work community that reflects the demographics of a proficient and qualified workforce. Thus, 'firing majority workers who perform least well' would not be a part of this process as it offers fair access to opportunities on the basis of ability. Therefore, option C is the correct answer.

The correct answer would be C

Economic integration is an indispensable tool of economic development. Explain five (5) rationale for Nigeria's affinity with these celebrated international economic organizations.

Answers

Answer:

Five reasons why Nigeria joins international economic organizations:

Economic theory shows that international trade benefits all countries because it allows each country to specialize in producing what they do best, a quality that is known as comparative advantage.Economic historial evidence supports the theory and demonstrates that countries that integrate economically with others, grow and develop more than the countries that remain more closed.Economic integration is also a way to reduce conflict, because when countries have mutual economic interests, they are less likely to go to war with each other.International trade benefits consumers, by allowing them to access goods and services from abroad that may be cheaper than Nigerian ones.Economic integration also benefits businesses, by giving them access to new, integrated, and larger markets.

I WOULD LOOOOVE IF SOMEONE COULD ANSWER THIS RIGHT AS SOON AS THEY CAN !!!!!!The taxpayer identification number for partnerships is abbreviated as Question 13 options: EIN. ARW. ECN. SSI.

Answers

Answer:

EIN; employer idenification number.

Explanation:

hope this helps :)

The person above is right, it’s EIN

An account at a commercial bank designed for people who want to earn a higher savings rate is a(n) __________ account.
Question options:
regular savings account,
,regular checking
,share draft
, or money market account

Answers

Answer:

money market account

Explanation:

Money market account

Match each type of restriction with an example of its use.
Trade restriction
2
Limiting the price of a
gallon of gas to $2
Labor law
2
Charging a 50 percent
tariff on imported cotton
Price ceiling
Requiring that all workers
be paid at least $5.15 per
hour​

Answers

Answer:

Limiting the price of a  gallon of gas to $2 - Price Ceiling

A price ceiling occurs when the goverment imposes a maximum price on a good or service. In this case, limiting the price of a gallon of gas to $2, meaning that the price of it is not allowed to go higher than that, is an effective price ceiling.

Charging a 50 percent  tariff on imported cotton - Trade restriction

A tariff is the most common trade restriction. A tariff is simply a tax on imported goods, and has the main goal of protecting domestic producers from foreign competition.

Requiring that all workers  be paid at least $5.15 per  hour​ - Labor law

Labor law, as the name implies, regulates all matters related to labor. A minimum wage is a labor law, and it is also a price a floor: a government mandated minimum limit on the price of labor.

Answer: Price ceiling- Limiting the price of a

gallon of gas to $2

Trade restriction- Charging a 50 percent

tariff on imported cotton

Labor Law- Requiring that all workers

be paid at least $5.15 per

hour​

Explanation:

As you track your progress you’ll act observe adjust and then??

Answers

Answer:

observe, adjust act again

Act Again is the correct answer! :)

Government corporations can be described as which of the following
A. Social service providers
B. Public goods producers
C. Independently run
D. Privately funded​

Answers

C. Independently run.
They can be described as independently run

If employees of Washburn guitars want to travel to Asia to meet with guitar craftspeople, what is the best choice of who to send if diversity is considered a primary factor in the visit?

Answers

Answer:

The answer is "The group of a range of age, color, sexual orientation, financial backgrounds, employment and age differences".

Explanation:

In the given-question, the above answer is correct because the team represents a wide community of gender, ethnicity, gender identity, income levels, academic attainment, and also includes the disparities across generations, although diversity spans race and gender, and presentation must be granted to all types of people, that's why the diversity is a big factor in the visit.

The top answer is correct love, I double checked it

Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is

Answers

Answer:

the correct answer is.

Explanation:

hope this helps u!!!!!

108.90 is the right ones bc

Mason pays $251 monthly for auto insurance. He had an accident involving another car. His
insurance company paid $2500 to settle the claim. At the end of the year, did the insurance
company make a profit from Mason?

O No, the amount of the claim was more than a year's worth of payments.

O Yes, the year's worth of payments is more than the amount of the claim.

O Yes, the year's worth of payments is less than the amount of the claim.

O No, the amount of the claim was less than a year's worth of payments.​

Answers

Answer: Yes, the years worth of payments is more than the actual claim

Explanation:

the claim was $2500 and he payed $3,012 a year for insurance

Yes the years worth of payments is more than

In building a marketing presence on F a c e b o o k, you find that you have to spend a lot of time copying content from your T w I t t er feed to your F a c e b o o k page. What is the best solution to this problem? Question 2 options: Stop using T w I t t e r as a marketing tool Stop using F a c e b o o k as a marketing tool Automate the posting of your T w I t t e r feed to your F a c e b o o k page Delegate the copying and pasting of content to one of your employees

Answers

Answer:I think delegating the task to your employees is the answer

What limits specialization in the global economy?
O A. Trade barriers
O B. Infrastructure
O C. Multinational corporations
O D. Different national currencies​

Answers

the answer is A

Have a good day

Answer:

Trade Barriers

Explanation:

Fixed assets.

A a building is one example.

B spreading costs over time

Answers

Answer:

A a building is one example

Explanation:

Assets are items that have value and is used by a business to generate profit.

There are two types of assets: the current assets and fixed assets.

Current assets are those that can be used or consumed within a year. They include cash, accounts receivable, marketable securities, and prepaid expenses.

Fixed assets are assets that are used by a business for a long period of time.

They can be tangible such as buildings, equipment, and land.

They can also be intangible for example copyright, patents, and trademarks.

In this instance a building is an example of a fixed asset.

A a building is one example!

A company experiences a stock split due to poor performance. Ariana's initial investment
was a purchase of 50 stocks at $12.99 per share. The reverse split is 1:2.
How many stocks does Ariana own after the stock split?​

Answers

Answer: 25

Explanation:

Given the following :

Initial stock purchase = 50

Reserve split ratio = 1:2

The scenario above describes a reverse split situation, during a reverse split, the number of shares owned by a company is reduced proportionately or merged based on a certain ratio. This usually occurs in other to create a smaller number of company shares with more value as the larger number of share s which previously existed had diminished in value.

Therefore in the scenario above, with a 1:2 reverse stock split; 2 shares are merged into 1 new share.

Therefore, Ariana's initial stocks of 50 becomes ;

50/2 = 25 new stocks

The answer is 25. Hope this helps :)

Which of the following is NOT true about bonds? (Select all that apply) A: The maturity value of a bond is the initial investment plus interest. B: Bonds have regularly scheduled interest payments. C: You cannot lose your money when purchasing a bond. D: The higher the default risk of a bond, the higher its coupon rate. E: Bonds are more stable investment than stocks. F: Corporate bonds have lower risk of default than government bonds

Answers

Answer:

A. The maturity value of a bond is the initial investment plus interest

C. You cannot loose your money when purchasing bond.

Explanation:

Bond is a fixed income security which which is otherwise a loan to a company or government that pays back a fixed rate of return. Bonds are usually lent by investors to borrowers and also traded through brokers. Bonds are mostly used by companies or corporations to grow their businesses, finance and execute projects ; states and independent governments to finance infrastructures, operations and certain projects.

With regards to the above, the odd is that the maturity value of a bond is the initial investment plus interest. For some investments like fixed deposits/certificate of deposits and other investments, their interest plus principal are paid at maturity, unlike bonds that have regularly scheduled interest payments hence for most bonds, the maturity value is the face amount of the bond.

Another odd option is that you cannot loose your money when purchasing bond. This is not true because one can loose money if the bond is sold at an amount lesser than what one paid or the issuer defaults on their payments.

When it comes to bonds, the things that are not true include:

C: You cannot lose your money when purchasing a bond. F: Corporate bonds have lower risk of default than government bonds

Why are the above not true?

Bonds are lower in terms of riskiness when compared to stocks but they are not completely risk free. One can still lose their money on them.

Corporate bonds are also known to have a higher risk of default than government bonds because government bonds are backed by the government.

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Which of these methods allows people to make payments by mail when they do not have a checking account? A: Electronic withdrawal B: Money order C: Automatic deduction D: Online payment

Answers

Answer:

D

Explanation:

Its obvious cuz u can do it just two steps!

Answer:

B. Money Orders

Explanation:

Money orders were widely popular in older days when not everyone had a banking account or when banks were not as popular.

Rest of the options require you to have a checking account or some form of account like credit accounts but money orders only care about money and although money orders looks similar to bank checks they ARE NOT bank checks as they are not linked with bank accounts. Money orders can be bought from post offices or places like USPS.

Ashley's television was stolen from her apartment. The television's original cost was $1850.
A television loses value at a rate of 15% per year. The television was two years old at the
time it was stolen. She has actual cash value coverage. Her deductible is $100.
How much will the insurance company pay to replace the television?

$1575

$1195

$1850

$100​

Answers

the answer be $1195 i hope this helps.

1195 I just had that question and I got it right

Some financial experts recommend people create their personal budgets as follows: 50% on
needs, 30% on wants, and 20% on savings and paying off debt.
If Sarah earns $1975.38 per month, what is the maximum amount she should spend on
wants?​

Answers

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

$592.614 is the maximum

Why does the government need to collect taxes?
O A. To control the money supply and manage economic growth
B. To provide investments for domestic industries
ОО
C. To prevent international trade from costing jobs
D. To ensure competition and protect consumers​

Answers

I think it’s A to control the money supply and manage economic growth

Option (a) is the best choice. To regulate the money supply and oversee economic growth, the government needs to collect taxes.

Why is it necessary for the government to collect taxes?

The majority of this income goes toward funding government operations (such as maintaining infrastructure and paying employees' salaries), as well as purchasing products and services for American individuals and businesses.

The government collects taxes to fund the services and goods it offers, such as roads, schools, police protection, libraries, parks, and law enforcement. The largest source of money for the federal government is the individual income tax. Every dollar the government receives comes from this source, or about 50 cents.

What makes paying taxes to the government important?

Your taxes go toward paying government employees as well as supporting the police and fire departments. The safety and upkeep of the roads you use are made possible by tax money. Taxes are used to fund public spaces like parks, libraries, and other amenities.

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(Leadership Skills Development Class)
The best way to build a strong network of people who will help you is to
A. work out and make sure you look good
B. focus first on how you can help others
C. use your sense of humor to make friends
D. try to meet as many people as you can
I know the answer is either B or D but I'm not sure which one. If you know the right answer please help a sister out!

Answers

Anwser: B focus first on how you can help others

Explanation: focusing on helping other can help with your image on how others see you making you look helpful, reliable and friendly.

The best way to build a strong network of people who will help you is to focus first on how you can help others. Option (d) is correct.

What do you mean by Development?

Growth, advancement, positive change, or the addition of physical, economic, environmental, social, and demographic components are all products of development.

Attending networking events and exchanging as many business cards as you can isn't always the key to networking. It's not about networking in the hopes that things will come together. Instead, make an effort to focus on the individuals who you know can have a significant impact on your career. Concentrate on knowing their names as well.

Therefore, Option (d) is correct. The best way to build a strong network of people who will help you is to focus first on how you can help others.

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when you are about to cross an uncontrolled intersection two way street first look?

Answers

Answer:

You look left first ._.

Explanation:

Answer:

Look left first.

Explanation:

The sequence of looking is left-right-left.

(Last Word) The U.S. Internet search market: A. has no barriers to entry. B. is best characterized by pure competition. C. has a few prominent firms that each possesses a relatively equal market share. D. is dominated by Google, which controls about 70 percent of the market.

Answers

Answer:

D. is dominated by Google, which controls about 70 percent of the market.

The answer is d! once you think about the Answer you see that it makes a lot of sense.

What is relationship between environment and consumer resources?

Answers

Answer:

The environment and consumer resources have a direct and crucial relationship in the economic production process. It is known that the environment directly affects the production capacities of a certain place, as well as determining what can and cannot be produced.

Thus, for example, a region with a temperate climate, abundant but spaced rainfall and fertile soil will be conducive to agricultural agricultural activities, while a region with a tropical climate and high humidity will be suitable for banana plantations.

In short, the environment, insofar as it configures the natural environment of men and material things, crucially affects the production capacities of a given society.

Environment is a way to get the consumers resources or in another words the environment helps us with finding the capital goods we need to sell them to the consumers.

One of the fastest ways to build relationships online is to Question 2 options: reconnect with friends and family who can offer referrals to your site. target high-level networkers on L I n k e d I n. set up a F a c e b o o k fan page. join a Meetup group.

Answers

One of the fastest ways to build relationships online is to  join a Meetup group.

What is Meetup group?

Meetup  group can be defined as a group that help to build relationship online.

This meetup group enables a person to meet new people online and to join the group you need to first look for the group you like on social media and then join the group.

Therefore the correct option is D.

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A consumer has to choose between going to the movies or going out to dinner. If she chooses the movies, the cost of dinner is considered a/an _______ cost.


A. marginal

B. opportunity

C. incremental

D. accounting

Answers

B. And opportunity cost.
The answer is B. Opportunity

What does the size of the dividend per share of stock depend on?


the corporation’s profits


the stock exchange


the Dow


the initial amount invested by the investor

Answers

Answer:

[tex]45y5 | \sqrt[y5825 \t53 \times 2 {)23 \leqslant \leqslant \geqslant |38 \sqrt[ { \frac{233}{?} }^{?} \times \frac{?}{?} ]{?} | \times \frac{?}{?} }^{?} imes \frac{?}{?} ]{?} | [/tex]

which is not the following characteristics is not associated with a general ledger?

Answers

Explanation:

A general ledger is one several record books bookkeepers use to record the relevant account transactions of their business.

It used primarily to record transactions related to assets, liabilities, business capital, revenues, and expenses. First, after transactions are recorded in the journals entry they are then posted in general ledger accounts.

Note that the general ledger is a two-columned T-shaped table, in which debit entries are placed on the left side and credit entries on the right. Which may include the transaction description, and the date of the transaction.

A credit score is based in part on
-employment and race.
-income and location.
-employment and trust.
-payment history and total debt.


Answers

Answer:

payment history and total debt

Explanation:

Payment history & total debt

What do capital controls prevent?
O A. Large-scale exports of extremely low-priced agricultural goods
B. Trading contracts for the future production of monetary
commodities
C. Hasty movements of money into and out of a country's economic
system
D. Buying and selling foreign currencies with borrowed money​

Answers

Your answer should be C

Capital controls prevent the hasty movement of money into and out of a country's economic system. Thus, option C is correct.

Capital control limitations have an impact on how the best monetary policy responds to changes in the rate of interest paid abroad. The best monetary policy may concentrate more on local factors and less it the international interest rate thanks to capital constraints in the economy.

When a crisis is on the horizon, emergency capital controls on withdrawals may assist stop a free collapse in the currency rate, and maintain foreign currency ( FX ) reserves plus flexibility in the financial sector.

Therefore, option C is correct.

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