The effective tax rate for this corporation is 45%.
To find the effective tax rate, we need to calculate the total tax rate that the corporation faces after taking into account both federal and state taxes.
The effective tax rate formula is given by:
Effective Tax Rate = (Total Tax Paid / Total Income) x 100%
Let's assume that the corporation has an income of $100,000.
The federal tax rate is 40%, which means that the corporation will pay federal taxes of:
Federal Taxes = Federal Tax Rate x Income
= 0.4 x $100,000
= $40,000
Similarly, the state tax rate is 5%, which means that the corporation will pay state taxes of:
State Taxes = State Tax Rate x Income
= 0.05 x $100,000
= $5,000
Therefore, the total tax paid by the corporation is:
Total Tax Paid = Federal Taxes + State Taxes
= $40,000 + $5,000
= $45,000
The effective tax rate can now be calculated as:
Effective Tax Rate = (Total Tax Paid / Total Income) x 100%
= ($45,000 / $100,000) x 100%
= 45%
Therefore, the effective tax rate for this corporation is 45%.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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True or false. The minimum hourly wage for covered workers is established under th authority of OSHA
The answer is false
OSHA standards only cover the workers safety and protect them from hazards
What is the difference between monetary
and fiscal policy?
A Monetary policy is controlled by the
federal government while fiscal policy
is controlled by the Federal Reserve.
B Monetary policy is controlled by the
Federal Reserve while fiscal policy is
controlled by Congress and the
President.
C They are effectively the same thing.
D Fiscal policy was invented to combat
inflation. Monetary policy was
invented to improve GDP.
Answer:
B.
Explanation:
Monetary policy is an action taken by the central bank to bring the money supply under control. Under this policy, the central bank also oversees the macroeconomic goals of the nation. The organization that controls the monetary policy is the Federal Reserve of the United States.
Fiscal policy, on the other hand, is a term used to refer to spendings and taxation. Fiscal policy is undertaken by the executive and legislative branches of the government. The executive and legislative branch of the government includes both the President and the Congress.
Therefore, option B is correct.
What are equity investments
Answer:
equity investment is money that is invested in a company by purchasing shares of that company in the stock market.
Explanation:
These shares are typically traded on a stock exchange.
According to the FASB’s conceptual framework, which of the following is an essential characteristic of a liability? A. Liabilities must require the obligated entity to pay cash to a recipient entity. B. Liabilities must be legally enforceable. C. The identity of the recipient entity must be known to the obligated entity before the time of settlement. D. Liabilities are obligations resulting from previous transactions or events.
According to the FASB's conceptual framework, an essential characteristic of a liability is that it is an obligation resulting from previous transactions or events.
The FASB's conceptual framework provides a foundation for developing accounting standards. According to this framework, a liability is defined as an obligation of an entity arising from past transactions or events, which requires the entity to transfer assets or provide services in the future. This means that liabilities are the result of previous obligations incurred by the entity.
Among the given options, option D correctly reflects this essential characteristic. Liabilities represent obligations that have been created due to past transactions or events. They can arise from contractual agreements, legal obligations, or other circumstances that give rise to a present obligation for the entity. The key point is that liabilities are created based on past events or transactions, and they require the entity to make future payments or provide goods or services.
The other options (A, B, and C) do not fully capture the essential characteristic of liability as defined by the FASB's conceptual framework. While cash payments, legal enforceability, and knowledge of the recipient entity may be relevant considerations in certain liability situations, they are not universally applicable characteristics that define liabilities. The primary criterion is that liabilities arise from past transactions or events and create obligations for future actions or transfers by the entity.
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The repayment of a note payable is classified in the statement of cash flows as a(n): _______
a) noncash activity.
b) investing activity.
c) operating activity.
d) financing activity.
The repayment of a note payable is classified in the statement of cash flows as a financing activity.
The financing activity in the cash flow statement focuses on how a firm raises capital and pays it back to investors through capital markets. The largest line items in the cash flow from financing activities statement are dividends paid, repurchase of common stock, and proceeds from the issuance of debt.
The cash flow from financing activities helps investors see how often and how much a company raises capital and the source of that capital.
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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are earning positive economic profits. In the long run, we can expect Multiple Choice new firms to enter, causing the market price of soybeans to fall. new firms to enter, causing the market price of soybeans to rise. some firms to exit, causing the market price of soybeans to fall. some firms to exit, causing the market price of soybeans to rise.
Answer:
I don't understand what the question is supposed to be?
Montez Supply is expected to pay an annual dividend of $.95 per share next year. The market price of the stock is $43.50 and the growth rate is 4.5 percent. What is the cost of equity
Based on the annual dividend, the growth rate, and the market price, the cost of equity is 6.68%
What is the cost of equity?This can be found as:
Market price = Next dividend / (Cost of equity - growth rate)
Solving gives:
43.50 = 0.95 / (Cost - 4.5%)
Cost - 4.5% = 0.95 / 43.50
Cost = 2.18% + 4.5%
= 6.68%
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The Federal Reserve uses monetary policy and Congress uses fiscal policy to try to prevent ""wild swings"" in the economy and to alleviate some economic problems. What are the three goals both entities are trying to support? How do these three goals affect you?
The three goals are maintaining stable prices, Promoting Economic Growth, and Promoting Financial Stability.
1. Maintaining Stable Prices: The Federal Reserve and Congress both use monetary and fiscal policy to try to keep the inflation rate low and prices stable. This means that the prices of goods and services don't fluctuate too much, which helps protect people from getting too much debt due to rising costs. This affects you by protecting your purchasing power so that your money can purchase the same amount of goods over time.
2. Promoting Economic Growth: The Federal Reserve and Congress both use monetary and fiscal policy to try to stimulate economic growth. This means that they use approaches to try to increase employment, wages, and overall economic activity. This affects you by providing more job opportunities, higher wages, and a more robust economy overall.
3. Promoting Financial Stability: The Federal Reserve and Congress both use monetary and fiscal policy to promote financial stability. This means that they use policies to try to reduce the risk of a financial crisis, such as a banking crisis, and to ensure that financial markets are functioning properly. This affects you by providing a more secure financial system and protecting your investments.
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distinguish between regional level and national level employment giving adequate example
how much money would you need to place in an account to have $1,000 10 years from today? assume the account pays 8.5 nd it is compounded monthly. round to the nearest $1
You would need to place $386.69 in the account to have $1,000 10 years from today.
To calculate the present value of the future $1,000, we can use the formula:
PV = FV / (1 + r/n)^(n*t)
Where:
PV = Present value
FV = Future value
r = Annual interest rate
n = Number of times the interest is compounded per year
t = Number of years
Plugging in the values given in the problem, we get:
PV = 1000 / (1 + 0.085/12)^(12*10)
PV = $386.69 (rounded to the nearest $1)
Therefore, you would need to place $386.69 in the account to have $1,000 10 years from today, assuming the account pays 8.5% and it is compounded monthly. This is because the interest earned on the account would compound over time and increase the account balance.
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The resources in the input market come from
A. government regulation of the economy
B. business firms lobbying to lower corporate tax rates
C. the remaining, unused portions of consumer goods
D. land, labor, and capital of households
E. the discovery of profitable, non-rival goods
Answer:
D
Explanation:
For the input market, the resources come from land, labor, and capital of households. Hence, Option D is correct.
What is the input market?There are two types of market, one is input and the second is output. The input market is known as the factor market and the output market is known as the product market. It is the input market, which is used in the production of the products and goods.
The output market is the place where goods and services are exchanged. In the factor market or the input market, all the resources like labor, capital, and land are used by the businesses to purchase, rent, or hire what they need in order to produce goods or services.
With the increase in the input prices, the supply curve from the right shifts to the left which is of the final good market and it results in the price of the final good increases.
Thus, Option D is correct.
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1. When something is balanced, it is evenly distributed on all sides. When
you're talking about a budget, it means income equals
——-
When something is balanced, it is said to evenly distributed on all sides. When you are talking about a budget, it means income equals to the expenditures.
A balanced budget which is particularly that of a government, is a budget in which the revenues are equal to expenditures. So here, neither a budget deficit nor a budget surplus exists. However, generally, it is a budget which has no budget deficit, but could possibly have a budget surplus.
In the financial planning or the budgeting process, a balanced budget refers that revenues are equal to or they also can be greater than the total expenses.
Hence, a budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.
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The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction:
Marco and Tatiana are married and file separate returns for 2020. Tatiana itemizes her deductions on her return. Marco's adjusted gross income was $18,000, his itemized deductions were $2,400. Neither have any dependents.
Table for the standard deduction
Filing Status Standard Deduction
Single $12,400
Married, filing jointly $24,800
Married, filing separately $12,400
Head of household $18,650
Qualifying widow(er) $24,800
2020 Tax Table attached.
Calculate Marco's income tax liability assuming the couple does not live in a community property state
Marco shouldn't itemize as his itemized deductions are less than the standard deduction. His taxable income was calculated as follows: AGI - personal allowance ($18,00 - $12,400 = $5,600).
What does business income mean?All business revenue sources are included in income. All expenses connected with the sale of items in inventory are included in the cost of goods. The difference over revenue and the cost of goods is known as the gross profit margin. Gross profit margin may be stated as a percentage, in terms of money, or both.
What characteristics does income have?Income is the money that a business (individuals or businesses) receives on a regular basis, whether it is daily, week, monthly, or yearly. Allowances and perquisites have monetary and non-monetary values that are included in income. Unless specifically exempted, all income is subject to income taxation. (ix)
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Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then
The statement which includes one real benefit from shopping with a credit card is:
A. You may earn cash back, travel rewards, or other perks for each dollar you spendA credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit
There are various benefits to using a credit card which include:
A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etcTherefore, the correct answer is option A
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Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?
=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)
Answer:
C4*D4
must be the correct one but its not mentioned there
Answer:
I would say =(CD)(D4) it makes the most sense
Explanation:
Economics!!
Which development would most likely reduce the standard of living in the
United States?
A. Wages increase for most American workers.
B. The U.S. government returns to the gold standard.
C. It becomes easier for U.S. citizens to get health care.
D. U.S. factories begin to
produce far fewer goods.
It's D. U.S. factories begin to
produce far fewer goods.
martha has been a sports enthusiast from a very early age. After she finished her college education, she started a small sports equipment shop. She has a lot of knowledge about the products that she sells and is doing well as a first-time entrepreneur. Which statement is most appropriate for Martha's situation? A) she lacks control over her business. B) she finds the business exciting because it relates to her interests and hobbies. C) she enjoys the idle time that spends at work. D) She does not take her work seriously because it is sports related.
Answer:
Answer is B
Explanation:
Martha is already familiar with the field she's venturing into. She's passionate about what she does thus, this can be convenient when you have a clear background or experience of the business you want to establish
visualizations are use to identify: (check all that apply). multiple select question. sources of cash sources of financing sources of customers investing activities
Visualizations are used to identify sources of cash, sources of financing, and sources of customers, but they are not specifically used to identify investing activities.
Visualizations are used to identify multiple aspects of the business. In the context of the terms provided, visualizations can be used to identify sources of cash, sources of financing, and sources of customers.
1. Sources of cash: Visualizations such as cash flow diagrams or graphs can help analyze and track the inflow and outflow of cash within a business.
By visualizing cash flows, businesses can identify the sources from which cash is generated, such as sales revenue, investments, or loans.
2. Sources of financing: Visualizations can also help identify the various sources from which a business obtains financing.
This can include equity financing, debt financing, or other forms of external funding. Visual representations, such as charts or diagrams, can assist in understanding the proportion and significance of each source of financing.
3. Sources of customers: Visualizations can aid in identifying the sources or channels through which a business acquires its customers.
By visualizing customer data, such as demographics or sales patterns, businesses can determine the effectiveness of different marketing strategies and target specific customer segments.
In summary, visualizations play a crucial role in identifying sources of cash, sources of financing, and sources of customers within a business.
They provide a visual representation that enables businesses to analyze and make informed decisions based on these key aspects.
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1. Average Cost
Jesaki Water Sports incurs the following costs in producing x water ski vests in one day, for 0
fixed costs, $303;
unit production cost, $21 per vest;
equipment maintenance and repairs, 0.03 x2 dollars.
Find the minimum average cost of a water ski vest. Round to the nearest cent. $ per vest
The minimum average cost of a water ski vest is $21.03 per vest.
The total cost consists of the fixed cost, unit production cost, and equipment maintenance and repairs cost. Fixed cost: $0Unit production cost: $21 per vest Equipment maintenance and repairs cost: $0.03 x^2 dollars (where x is the number of vests produced) The average cost is given by the formula: Average Cost = (Fixed Cost + Total Variable Cost) / Number of Vests In this case, the fixed cost is $0 and the total variable cost includes the unit production cost and equipment maintenance and repairs cost. So, the total variable cost is $21 + 0.03x^2 dollars. Therefore, the average cost function becomes: Average Cost = (0 + 21 + 0.03x^2) / x After solving for x, we find that the minimum average cost occurs at x = 1. Taking this value of x and plugging it back into the average cost function, we get: Average Cost = (0 + 21 + 0.03(1)^2) / 1 = $21.03
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2. How much was in United Airlines's control, and how much was actually outside their control? What
social
or company factors caused a seemingly common practice to escalate to this level?
3. How did the other airlines or the industry respond to the United Airlines incident?
To ensure that products and services are available for the market, operations management involves carrying out backend business processes including production, inventory management, and quality control. Excellent operations management ensures corporate efficiency, whether it involves a single operations manager or an entire department.
2. United Airlines had full control over the issue because they could have asked for different passengers, offered some incentive to get off the plane, or used other incitements. They shouldn't have taken the path they did, involving the use of force.
The staff's intolerance and arrogance combined with the lack of a clear directive from the top regarding how to handle these kinds of events caused the incidence to accelerate to the observed level.
3. The other airlines, businesses, and consumers were humiliated by this incident in addition to being shocked by it. For the incident, United Airlines received harsh criticism. As a result, United Airlines' shares likewise fell precipitously. In addition, the CEO of the airline received criticism at the same time.
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the most important source of political values in the united states is probably
The most important source of political values in the United States is the Constitution and the principles it encompasses.
The Constitution of the United States is widely regarded as the cornerstone of the country's political system. It establishes the framework for the government, sets forth the rights and freedoms of individuals, and outlines the responsibilities and limitations of each branch of government. The principles enshrined in the Constitution, such as democracy, equality, justice, and individual rights, serve as the guiding values that shape the American political landscape.
The Constitution's significance lies in its ability to provide a common ground for political discourse and decision-making. It establishes the fundamental rights and liberties that are protected by the government and guarantees the separation of powers to prevent the concentration of authority.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, In a cap-and-trade system.
It is a market tool wherein a government sets a "limit" or cut-off on the total amount of ozone-harming compounds that may be released. Producers of ozone-depleting substances would be required to pay for each considerable amount of carbon dioxide or carbon dioxide equivalent1 that they emit under such a strategy. For instance, those from power plants, by establishing a market and setting a limit on contamination. Limiting outflows and charging for them is the best environmental solution, both ecologically and financially. Cap-and-trade is a technique for achieving both. The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, The public authority establishes an outflows cap and distributes a number of emanation stipends in accordance with that cap under a cap-and-exchange structure.
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The slow pace of international trade negotiations is understandable given that: Onegotiations are easy but politicians make it hard. GATT and WTO have governmental authority. separate rules were set up for different nations. there were many nations involved.
The slow pace of international trade negotiations is understandable given that there were many nations involved. International trade negotiations are complicated and require the cooperation of numerous nations.
It's understandable that these negotiations take a long time to reach agreements due to the large number of participants and the complexity of the issues involved. There were several factors that contributed to the slow pace of international trade negotiations. One of the main reasons is that many nations were involved. When numerous countries are involved in trade negotiations, it can be difficult to reach a consensus. Each country has its own interests and priorities, which must be taken into account during the negotiation process.
Moreover, separate rules were set up for different nations. In international trade, different countries have different economic systems, cultural values, and legal frameworks, which affect how they conduct business. As a result, trade negotiations require the establishment of separate rules for each nation. Finally, GATT and WTO have governmental authority.
The General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) have the authority to regulate international trade. Their role is to create and enforce rules governing trade between nations. The WTO is responsible for mediating trade disputes and ensuring that nations comply with the rules established by GATT and WTO. This adds an extra layer of complexity to international trade negotiations.
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Required-: JOURNAL ENTRY (ACCOUNT)
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque please help Me with this. I'm still confused in it.
- Hey there , ronisha!
Answer:
\( \large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}\)
\( \large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} : \)
Full settlement generally means DISCOUNT ALLOWED. Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000. You must have known the rules for debit and credit. As we know In case of personal account , Debit : The receiver , We have sansee stores as the receiver so we placed it in debit side. Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side. Now , In case of nominal account , Credit : the incomes or gains . The question says we received the discount so obviously it's not expenses. So, We placed discount received in credit side. You must have studied that Every debit should have equal credit. And we're done!- Hope this helps! Please let me know if you have any questions regarding my answer and also don't hesitate to reach out to me if you need any other help! :)
3 Prepare an income statement for Jones Co. for the year ending December 31, 2018, using the following data.
Cash 8,000
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Fees Earned 11,000
Office Expense 200
Accounts Payable 3,000
The net income for Jones Co in 2018 equals $18,350.
What is income statement?The financial statement shows a company's revenues, expenses and profitability over a period of time. Its computes the revenue from selling products or services and expenses to generate the revenue and manage your business.
The income statement for the year ending December 31, 2018 is prepared as follows:
Income Statement
Revenue
Cash 8,000
Fees Earned 11,000
19,000
Expenses
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Office Expense 200 650
Net Income $18,350
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Mrs. Jansen is the sole shareholder of mimeo corporation. She also owns the office building that serves as corporate headquarters. Last year, mimeo paid $200,000 annual rent to mrs. Jansen for use of the building. Mimeo's marginal tax rate was 21% and mrs. Jansen's marginal tax rate on ordinary income was 37%. The revenue agent who audited mimeo's return concluded that the fair rental value of the office building was $150,000. Compute the net impact of this audit conclusion on mimeo's income tax liability
The net impact of the given audit conclusion on mimeo's income tax liability is $10,500 increase.
What does tax liability mean?The amount owed to the Internal Revenue Service (IRS) at the end of each tax year is referred to as "tax liability." A person, business, or other entity's tax liability is the total amount of taxes that they owe to the government.
Tax liabilities include things like income taxes, sales taxes, and capital gains taxes. Federal, state, and local governments are just a few of the taxing entities that impose taxes. What you owe in taxes to the IRS or your state government is known as your tax liability. Depending on your income and filing status, you may have to pay income taxes.
Given:
Taxable income increases by $50,000,
increasing tax liability is
= ($50,000 × 21%) = $10,500
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During the post-depression era and into the 1970s, which economy strategy was most popular?.
During the post-melancholy generation and into the 1970s, monetarist principle changed into maximum popular.
The required details monetarist theory in given paragraph
The monetarist principle is an monetary idea that contends that modifications in cash deliver are the maximum sizeable determinants of the price of monetary boom and the conduct of the commercial enterprise cycle. When monetarist principle works in practice, principal banks, which manipulate the levers of economic policy, can exert a whole lot electricity over monetary boom rates.The competing principle to the monetarist principle is Keynesian economics. According to monetarist principle, if a nation's deliver of cash increases, monetary hobby will increase—and vice versa.
Monetarist principle is ruled with the aid of using a easy formula: MV = PQ, in which M is the cash deliver, V is the velocity (quantity of instances in line with yr the common greenback is spent), P is the charge of products and offerings and Q is the amount of products and offerings. Assuming regular V, whilst M is increased, both P, Q, or each P and Q rise.
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in markets, prices move toward equilibrium because of
Answer:
"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."
Explanation:
The OASDI taxable wage base is correctly defined as:
A. all amounts earned by an employee during a calendar year.
B. the maximum amount of wages during a calendar year that is subject to the OASDI tax.
C. all amounts paid an employee during a calendar year.
D. all amounts either earned by, or paid to, an employee during a calendar year.
E. none of the above
The correct definition of OASDI taxable wage base has to be provided among the given choices. The OASDI taxable wage base is the maximum amount of wages during a calendar year that is subject to the OASDI tax.
The correct option that defines the OASDI taxable wage base is B. This is because the OASDI taxable wage base is the maximum amount of wages during a calendar year that is subject to the OASDI tax.
The OASDI (Old-Age, Survivors, and Disability Insurance) taxable wage base is the highest wage amount that a person is liable to pay Social Security tax on during a given year. The Social Security tax is a payroll tax that is levied on both employees and employers to finance the Social Security system, which pays for retirement, disability, and survivor benefits.
The OASDI taxable wage base applies only to wages subject to the OASDI tax. In 2020, the OASDI taxable wage base was $137,700, while the OASDI tax rate was 6.2 percent for employees and employers each.
Therefore, employees and employers each paid a maximum of $8,537.40 in OASDI tax.
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