No, Candi cannot bind Joey to a counteroffer by signing her modified version of his offer.
Can candi bind joey to a counteroffer by signing her modified version of joey's offer?Joey must agree to the modified terms and sign the counteroffer himself in order for it to be binding.No, Candi cannot bind Joey to a counteroffer by signing her modified version of Joey’s offer. According to the basic principles of contract law, a contract is only formed when two parties, the offeror (Joey) and the offeree (Candi), mutually agree to the same terms and sign the documents, creating a valid and binding agreement. When Candi reviews Joey’s offer and makes a change to the terms, she is no longer accepting the original offer, but instead is proposing a different contract with different terms, known as a counteroffer. If Joey decides to accept the counteroffer, then both parties must sign a new agreement that outlines the updated terms that both parties have agreed to. However, if Joey does not accept the counteroffer, he is not bound by it in any way. In this case, Candi cannot bind Joey to a counteroffer by signing her modified version of Joey’s offer. It is important to remember that both parties must agree to the same terms before a contract can be formed and binding.To learn more about "unequal acceptance" refer to:
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Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above
Answer:
D All of the above
Explanation:
If a company is going to export goods to a foreign market, the production process traditionally has been handled through:
fourth-party operations.
third-party operations.
domestic operations.
home-country operations.
domestic operations
If a company is going to export goods to a foreign market, the production process traditionally has been handled through domestic operations. Domestic operations refer to the manufacturing of goods, service delivery, and customer service activities that take place within a company's home country.
It can be performed in-house or by a third-party provider. For instance, a company that produces a product in the United States and then ships it to foreign markets is performing domestic operations because the product was manufactured in its home country.
Exporting a product is one example of how domestic operations can help a company expand its business beyond its home country.Exporting goods to a foreign market is not restricted to domestic operations, but it can also be performed by third-party operators.
Nevertheless, it is not a customary practice to have fourth-party operations involved in the manufacturing of goods because it may be difficult to monitor the quality of the goods being produced by the fourth-party.
Hence, home-country operations (domestic operations) are the most usual and viable option when exporting goods to a foreign market.
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which of the following is the correct word phrase of "4b+10"?
A. four added to 10
B. the product of four and B added to 10
C. the sum of 4 and B plus 10
D. the product of four and B subtracted to 10
disclosing confidential information of a past employer to gain advantage at a new job is a violation of the standard of ethics?
Disclosing confidential information of a past employer to gain an advantage at a new job is a violation of the confidentiality standard of ethics.
What is ethics?Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, like aesthetics, is concerned with matters of value; together, these fields comprise the branch of philosophy known as axiology.
Furthermore, ethics investigates the rational basis for our moral judgments; it investigates what is morally right or wrong, just or unjust. In a broader sense, ethics considers human beings and their interactions with nature and other humans, as well as freedom, responsibility, and justice.
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Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and apples. The daily supply is limited to 200 tons of strawberries, 90 tons of grapes, and 150 tons of apples. The cost per ton of strawberries, grapes, and apples is $210,$110, and $100, respectively. Each ton makes 1500lb of strawberry juice, 1200lb of grape juice, and 1000lb of apple juice. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix of strawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16 -oz ( 1lb) cans. The price per can is $1.15,$1.25, and $1.20 for drinks A, B, and C. Develop an LP model to determine the optimal production mix of the three drinks. (only the formulation is required)
The LP model aims to determine the optimal production mix of drinks A, B, and C using limited supplies of strawberries, grapes, and apples. The objective is to maximize profit while considering the cost of ingredients and the can price per drink.
Let:
x1 = number of cans of Drink A produced
x2 = number of cans of Drink B produced
x3 = number of cans of Drink C produced
The objective is to maximize the profit, which is given by the equation:
Maximize: 1.15x1 + 1.25x2 + 1.20x3
Subject to the following constraints:
Strawberry constraint: 1500lb * x1 + 1500lb * x2 <= 200 tons (converted to lb)
Grape constraint: 1200lb * x2 + 1200lb * x3 <= 90 tons (converted to lb)
Apple constraint: 1000lb * x1 + 1000lb * x2 + 1000lb * x3 <= 150 tons (converted to lb)
Non-negativity constraints:
x1 >= 0, x2 >= 0, x3 >= 0
The LP model aims to maximize the profit by determining the optimal values of x1, x2, and x3 while considering the constraints imposed by the availability of strawberries, grapes, and apples.
The objective function represents the total profit obtained from the production and sale of the drinks, and the constraints ensure that the ingredient usage does not exceed the available supply.
Non-negativity constraints ensure that the production quantities cannot be negative.
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Items that are used in the production of an item but are not necessarily the primary items being processed are recorded as
The items that are used in production but are not necessarily primary items are known as Supplies inventory.
What are supplies inventory?Supplies are items that are used in production to help in the production of the final good.
They are not however used to produce the primary good which means that they are not processed as primary items. They simply help the primary good to be produced.
In conclusion, these are supplies inventory.
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Discuss how scarcity of economic resources
leads to tradeoffs
Scarcity of economic resources requires individuals and societies to make tradeoffs by choosing between alternative uses of limited resources.
This scarcity necessitates making choices and tradeoffs. When resources are scarce, choosing to allocate them towards one particular use means sacrificing the opportunity to use them for alternative purposes.
For example, a government investing resources in building new infrastructure may have to reduce spending on healthcare or education. Individuals face tradeoffs as well, such as deciding between spending money on leisure activities or saving for the future.
These tradeoffs arise because resources are limited, and individuals and societies must make choices to allocate them in the most efficient and effective manner given their scarcity.
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True or False: according to our lecture, doing research into industry trends is one way for a professional sales representative to position his/herself as an "equal" in a sales meeting
Which company is a leader in rating bonds?a. Goldman Sachsb. Bloombergc. ValueLined. Moody's Investor Service
Moody's Investor Service is a leader in rating bonds.Bond ratings are the creditworthiness ratings issued by credit rating agencies for specific bond issues.
The goal of these agencies is to evaluate the creditworthiness of issuers and their specific debt securities.Rating bonds are one of the most important ways in which investors determine the creditworthiness of a company's debt instruments. Bond ratings indicate the possibility that the bond issuer will default on its obligations, which is determined by a bond rating agency.A bond rating agency, such as Moody's Investor Service, provides credit ratings for bonds.
Bond ratings vary from one rating agency to the next, but they generally follow the same rating categories. These categories include AAA, AA, A, BBB, BB, B, CCC, CC, C, and D, with the first four being considered investment grade, while the remaining seven are considered non-investment grade or junk bonds.
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Feb 1 balance 450, 14 sales 1,200, Feb 8 drawings 150, 24 wages 990. Calculate the balance on 28 february. Record the balance to carry down on the side with the smaller total value. Record totals on the debit and credit sides of the account. Complete the double - entry by recording the balance brought down dated 1 March
Answer:
hi
Explanation: ajsd;lfjas;dfj;lad;leajl;jf;lwjf;welfj;wlejflwejflkwjlfkj;lajlkfjsdlkfjlsdkjf;llsadjfjdf;lklasjflkasdjf;lkajsf;lkjasddfjsdlfkja;lkjflkaskdjdf;ksdjdflksdjfljklkasddfjklsdfjkldsfjdfklsjjdsfakasjl;k
A direct mail company wishes to estimate the proportion of people on a large mailing list that will purchase a product. Suppose the true proportion is 0.07.
If 420 are sampled, what is the probability that the sample proportion will be less than 0.057 Round your answer to four decimal places.
A large mailing list's proportion can be estimated using the one-sample proportion, z-test statistic. The value of the test statistic is determined using the proportions of the sample and the population.
The value of the z-test statistic can also be used to estimate or test a hypothetical statement about a population proportion in the context of testing the hypothesis.
How is the normal probability problem solved?The following is how the probability of P(a Z b) is determined.The probabilities under the standard normal distribution curve for each of these are then expressed:P(Z b) minus P(Z a) equals (b) minus (a).Therefore, where a and b are positive, P(a Z b) = (b) – (a).
P(sample proportion will be below 0.05)
= P(р 0.05)
= P(Z (0.05 - 0.07)/0.0175)
= P(Z -1.14)
= 0.1271
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a $100,000 t-bill currently sells for $98,600 and matures in 90 days. what is the 365 day basis yield for this investment?
To calculate the 365-day basis yield for a T-bill investment, we can use the following formula:
365-day basis yield = (Discount / Price) * (365 / Days to Maturity)
Where:
Discount is the difference between the face value of the T-bill and its current selling price.
Price is the current selling price of the T-bill.
Days to Maturity is the number of days remaining until the T-bill matures.
In this case:
Discount = Face Value - Price = $100,000 - $98,600 = $1,400
Price = $98,600
Days to Maturity = 90 days
Plugging these values into the formula:
365-day basis yield = ($1,400 / $98,600) * (365 / 90)
365-day basis yield = 0.01419 * 4.0556
365-day basis yield ≈ 0.0576 or 5.76%
Therefore, the 365-day basis yield for this T-bill investment is approximately 5.76%.
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PLEASE HELP ASAP!!! I'll MARK BRAINLIEST!! FOR CAREER!!
1. Nara learned about prototyping, feedback, and testing as part of her biomedical engineer career. She is considering changing careers. Could she apply these concepts in a different career? Give one example of how Nara could use prototyping, feedback, and testing in a career.
2. Imagine you’re a human resources manager interviewing applicants for two jobs: IT security specialist and web developer. Could you hire one person to do both jobs? Why or why not? Describe the skills and personal qualities that candidates for each job should have.
3. If you work as a human resources manager, you’ll need a well-developed sense of empathy in order to succeed. How could you explain that part of your job to a new employee? Would empathy be important if you worked in a different career? Explain.
4. General contractors must make decisions based on ethics and safety. What other careers require people to follow safety regulations? Do the regulations protect the public, workers, companies, or a combination of these? How do the regulations compare to the safety guidelines you might follow in your everyday life, such as seat belt rules or lab rules in science class?
5. Helena is considering a new, full-time job at a construction company that’s part of a union. She’d make $20 per hour and earn a salary of about $40,000 per year. The union would charge her two and a half times her hourly wage. So her monthly union dues would be $50. What would her union dues be per year? Would it be worth it? Should she take the job? Explain why or why not.
Yes, Nara may use the ideas of testing, feedback, and prototyping in a different line of work.
What is prototyping?
Design teams experiment with, bring to life, and iterate on ideas through the process of prototyping, which can involve everything from digital designs to paper ideas. A prototype is fundamentally an early rendition of a design that enables users to engage with it or envision it before a finished product is created.
For instance, if Nara decided to pursue a career in software development, she might utilize prototyping to produce early iterations of the program and collect user input to enhance it. The program could then be tested to make sure it functions as intended and any problems could be fixed.
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Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Borrowers who don't pay back loans.
which of the following best describes portfolio management? group of answer choices the management of a marketplace in which stocks, bonds, and other financial instruments are traded a procedure used to settle disputes between a brokerage firm and its clients, which makes a final and usually binding decision on the matter the process of creation of a document that is made available to prospective security buyers that describes the firm and a new security issue the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives the management of an agency of the federal government that regulates the disclosure of information about securities and generally oversees the operation of the securities exchanges and markets
Portfolio management best describes C. the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives.
Portfolio management is an essential aspect of personal and institutional investing, as it helps investors allocate their resources efficiently to achieve desired financial goals while managing risk. A well-managed portfolio typically includes a diverse mix of assets, such as stocks, bonds, and other financial instruments. This diversification helps to minimize risk and maximize returns, as different asset classes tend to perform differently under various market conditions.
Portfolio management involves continuous monitoring of the investments and making adjustments when necessary, based on the investor's risk tolerance, investment horizon, and financial goals. Professional portfolio managers and financial advisors often use various tools and techniques to analyze and optimize portfolios, such as Modern Portfolio Theory, which focuses on maximizing returns for a given level of risk. They may also employ strategic and tactical asset allocation, which involves adjusting the proportions of different asset classes in response to changing market conditions and investment objectives.
In summary, portfolio management is the process of selecting, monitoring, and adjusting investments in order to achieve specific financial goals while managing risk. It involves the careful analysis of various securities and the development of an investment strategy that balances potential returns with an acceptable level of risk. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
which of the following best describes portfolio management? group of answer choices
A. the management of a marketplace in which stocks, bonds, and other financial instruments are traded a procedure used to settle disputes between a brokerage firm and its clients, which makes a final and usually binding decision on the matter
B. the process of creation of a document that is made available to prospective security buyers that describes the firm and a new security issue
C. the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives
D. the management of an agency of the federal government that regulates the disclosure of information about securities and generally oversees the operation of the securities exchanges and markets
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Which of the following would not be provided to entrepreneurs through a business incubator?
Assistance developing a marketing plan
Assistance with meeting any regulatory hurdles
Assistance with salaries for new employees
all of the above
C. assistance with salaries for new employees
just a mental health update, be sure to drink some water and get a heathy snack and don't to much work. Have a good day! <3
Who is the best teachers in deap
A. all of them
The greatest instructors in the DEAP (Disability Employment Accelerator Program) are tough to pinpoint because they may differ based on student experiences and viewpoints.
Which of these professional traits enables a person to adapt swiftly to changes in the modern world?Your ability to adapt to changes in your environment depends on your adaptability skills. Being adaptable at work is being able to react rapidly to concepts, obligations, demands, trends, tactics, and other procedures that may change.
What kind of instructor is necessary to manage a class with impaired students?They are known as resource instructors with a specialisation. The disabled students are taught in a separate class by a different teacher for those subjects and activities where their impairment prohibits them from learning from the usual teacher.
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Brothers Tim and Jim Shanton have asked you, their financial advisor, to settle a friendly quarrel between them. Tim argues that a Roth IRA and a traditional IRA are actuarially equivalent if $4,000 is available for investing on a before-tax basis, contributions to the traditional IRA are deductible, tax rates are expected to stay the same, and both have the same interest rates. So, it makes no difference which vehicle one uses to save for retirement. Jim insists that a Roth IRA is the better investment. You tell them
a. Tim is wrong; the tax deduction available for a traditional IRA allows more money to work for the contributor
b. Jim is wrong; at least for some low income individuals, the traditional IRA is a better investment because of their relatively lower tax rates
c. Tim is right; the two investments are equivalent in every respect when considered at the end of an investment horizon at least 10 years long
d. Jim is right; the ability to make tax-free withdrawals from Roth IRA gives a greater return even when contributions and interest rates are equivalent over time
e. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive
Answer: E. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Explanation:
First and foremost, actuarially equivalent simply means a benefit that is of equivalent value, but which has a different payment form to a specified benefit.
From the information that's given in the question, we can deduce that both of them are right as the two investments are actuarially equivalent, but there's an absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Therefore, the correct option is E.
The number of a country’s unemployment workers decreased from 5. 3 million to 3. 9 million last year. If the country’s population remained constant at 75 million, how did its unemployment rate change last year?
The unemployment rate in the country decreased from 7.07% to 5.2% last year.
To calculate the unemployment rate, we divide the number of unemployed workers by the total population and multiply by 100 to express it as a percentage.
Initially, the number of unemployed workers was 5.3 million, and the population was 75 million. Therefore, the initial unemployment rate was (5.3 million / 75 million) * 100 = 7.07%.
At the end of the year, the number of unemployed workers decreased to 3.9 million, while the population remained constant at 75 million. Thus, the final unemployment rate was (3.9 million / 75 million) * 100 = 5.2%.
Therefore, the unemployment rate in the country decreased from 7.07% to 5.2% last year.
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case a: eat 60 million pizzas and build 6,000 pizza ovens. case b: eat 15 million pizzas and build 18,000 pizza ovens. which case will lead to a more generous production possibilities frontier for stromboli in 2019?
case a: eat 60 million pizzas and build 6,000 pizza ovens. case b: eat 15 million pizzas and build 18,000 pizza ovens. Case B will lead to a more generous production possibilities frontier for Stromboli in 2019.
By consuming fewer pizzas (15 million) and diverting resources towards building more pizza ovens (18,000), the production capacity for stromboli can be expanded.
Increasing the number of pizza ovens enables higher output levels and efficiency in Stromboli production, resulting in a broader range of possibilities for producing stromboli in 2019. This scenario demonstrates the concept of opportunity cost, where choosing to allocate resources towards pizza oven construction instead of pizza consumption can lead to greater potential output in a specific area, such as Stromboli production.
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Fill in the blanks
a. Every transaction affects at least ______accounts.
b. Money spent to run a business on a day-to-day basis is known as _______.
c. _________in liability is credit.
a. Every transaction affects at least two accounts. b. Money spent to run a business on a day-to-day basis is known as operating expenses. c. An increase in liability is credit.
In accounting, every transaction affects at least two accounts because of the double-entry system. One account is debited while the other is credited. Operating expenses refer to the daily expenses incurred by a business to keep it running. Examples include rent, salaries, utilities, and office supplies. When a liability increases, it is recorded as a credit. A liability is an obligation that a company owes to others, such as loans or accounts payable. Recording it as a credit, it shows that the company owes more money to its creditors.
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Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix worldwide for all of its brands. The only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) ________ marketing strategy.
If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) standardized global marketing strategy.
What is marketing strategy?Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.
Standardized global marketing strategy enables companies to market or promote their product or brand internationally or across the globe.
Therefore Chips of Joy is using a(n) standardized global marketing strategy.
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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What happens when equilibrium price is reached?
When the price is higher than equilibrium price, there is a surplus, which motivates sellers to reduce their prices in order to reduce the surplus.
What Is Equilibrium price?When supply and demand are balanced, the price is at equilibrium. It can be claimed that the forces of supply and demand are comparatively equal and the market is in an equilibrium when a major index goes through a period of consolidation or sideways momentum. Researchers have discovered that prices typically oscillate near the equilibrium levels. Market forces will encourage sellers to enter the market and produce more if the price increases too much. More purchasers will place higher bids if the price is too low. Over time, these actions maintain the equilibrium level's relative equilibrium.
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Randy owns a shoe company and recently retooled his company's marketing mix strategy. His new target market is wealthy, craftsman-quality-seeking younger individuals. He has hired more craftsmen in his factory, purchased premium materials to construct high-quality shoes and will distribute the shoes through Nordstroms, Zappos, and his own website. Shoe prices now begin at $500 and up. What promotion strategy would support the rest of his marketing mix decisions?
The promotion strategy should use is direct marketing.
Direct Marketing is simply known as a type of marketing that is often aim directly to a person. By communicating your product with a narrow group of potential customers, one can promote their offerings through telephone marketing, snail mail, email, or catalogs and brochures.
Thougn a lot of offers are available through junk mail and telemarketers, direct marketing still very important.
It gives a producer or companies a predictable and cost-effective way of reaching their target markets.
Conclusively, the use of popular promotional tactic of deploying email messages to people who have interacted with a service is still very good method to use.
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Why principle of indemnity not applies in life insurance?
Explanation:
The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.
Solve the following unrelated short problems:
On January 1, a store had inventory of $48,000. January purchases were $46,000 and January sales were $80,000. On February 1 a fire destroyed most of the inventory. The gross profit on selling price is 25%. Merchandise with a selling price of $7,500 remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage. Label all figures.
Required
Estimate the dollar amount (at cost) of inventory lost in the fire.
The estimated dollar amount (at cost) of inventory lost in the fire is $38,000.
the dollar amount (at cost) of inventory lost in the fire is $38,000.
to calculate the inventory lost in the fire, we need to consider the cost of the remaining undamaged merchandise and the gross profit percentage.
1. calculate the cost of the remaining undamaged merchandise: selling price of undamaged merchandise = $7,500
gross profit on selling price = 25% = 0.25 cost of undamaged merchandise = selling price / (1 + gross profit) = $7,500 / (1 + 0.25) = $6,000
2. calculate the total cost of inventory on february 1:
opening inventory (january 1) = $48,000 purchases in january = $46,000
total inventory on february 1 = opening inventory + purchases = $48,000 + $46,000 = $94,000
3. calculate the cost of inventory lost in the fire: cost of inventory lost = total inventory on february 1 - cost of undamaged merchandise
cost of inventory lost = $94,000 - $6,000 = $88,000
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Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
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.
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15