Businesses often pay individuals a wage based on current market standards. Free-market economies usually dictate specific wages for various jobs. Governments attempting to subvert market prices can reduce the demand for new workers due to a high minimum wage. Individuals can face a few negative effects from minimum wage laws. Minimum wage increases an individual annual salary, bumping the employee into a higher marginal tax bracket.
(p. 193) Implications of _______________ theory are that pay level affects an employer's ability to recruit. a. human capital B. reservation wage c. signaling d. efficiency 5. (p. 194) ____________ sets a maximum pay level an employer can pay. a. Government legislation B.
Net income dropped from $63,125 to $38,197.50 which cuts losses by $24,927.50. Losses were cut by 61%. 2. A firm needs $100 to start and has the following expectations: Sales $200 Expenses $185 Tax rate 33% of earnings o What are earnings if the owners invest the $100? $10.05 o If the firm borrows $40 of the $100 at an interest rate of 10%, what are the firm's net earnings?
Carla Blackwell Econ 210- Macroeconomics 4/20/15 Phase 2 IP Alan Witty Part 1 The basic formula for calculating the GDP is: Y = C + I + E + G. In this formula, the letter Y is your GDP. C indicates consumer spending. The letter I would symbolize the investment made by industry. The letter E is the excess of exports over imports, while the letter G indicates government spending. To calculate the GDP of a certain x then one would input numeric values in the place where the letters are in the formula.
GAAP? Explain in detail. (TCO C) (TCO C) Blue Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 201X, included the following expense accounts. Accounting and legal fees $150,000 Advertising $125,000 Freight-out $65,000 Interest $80,000 Loss on sale of long-term investments $35,000 Officers’ salaries $200,000 Rent for office space $160,000 Sales salaries and commissions $110,000 One half of the rented premises are occupied by the sales department.
Companies could abuse their employees without this price floor. Minimum wage started in New Zealand during the late 1800’s and has been a huge aspect of our evolving world. The increase in minimum wages increases the economy by increasing consumer spending, without adding to the federal, state and even local budget deficits. A raise of the minimum wage puts money into the pockets of most low income citizens, who immediately give it right back to the local businesses to pay for their standards of living. This is NOT a short term trend and the government creating the environment to protect its citizens from going below their standard of living, hitting poverty level, more consumers spending and protecting them from employers all by using the aspects of minimum wage.
Throughput is the rate at which the system generates money through sales while inventory is all the money that the system has invested in purchasing things which it intends to sell. And operational expense is all the money the system spends in order to turn inventory into throughput. In traditional meaning, throughput is defined as the rate at which the system generates money through production whereas inventory includes the direct labour cost invested on the products and operational expense is all the money the system spends in order to turn inventory into throughout. I found the new definition is useful because it eliminates the confusion over whether the money spent is an investment or an expense . 2.
This ratio determines the rate and ability in which the company is able to pay its debts off. For Huffman Trucking the calculation would look like this for 2011: $94,520/$466 = 202.83 (Huffman Trucking, 2013). Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $40,843 $45,381 Salaries & Wages 37,299
Chapter 12. Compensation |LO 1 |Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives. | |LO 2 |Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's | | |perspectives. | |LO 3 |Compare and contrast taxable and nontaxable fringe benefits and explain the employee and employer tax consequences associated with fringe | | |benefits.
These regulations apply, even if your payroll is manual. Things You'll Need • Time sheets/time card • Form W-4 • IRS Circular E Show (4) More Instructions 1. o 1 Pay applicable workers based on their timekeeping data. Most likely you require hourly workers to use a time clock or to complete weekly time sheets. Pay them according to what the timekeeping system indicates. For instance, say the pay schedule is biweekly and the employee earns $9/hour.