Refer to the information above. Assume that the federal government implements a 10% payroll tax upon employers to finance health insurance for all citizens and residents
Stone will pay this tax instead of purchasing group health insurance. This will cause Stone's total annual payroll-related expenses to:
A. Decrease by $15,000.
B. Increase by $15,000.
C. Decrease by $32,500.
D. No change, because payroll taxes are withheld from employees' pay.
A
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Which of the following scenarios regarding individual retirement accounts (IRAs) is NOT correct?
A) Walter is 60. He may take a distribution from his traditional IRA without having to worry about an early withdrawal penalty. B) Peter is currently employed, but his spouse, Karina, is not. Since Karina has no earned income that she can contribute to a traditional IRA, Peter can set up a joint IRA account for the two of them. C) Ben, age 72, has a traditional IR If he does not take at least the minimum required distribution for the current year, a 50% excise tax will be assessed on the amount that should have been withdrawn. D) June has accumulated $30,000 in her traditional IR At age 55, she withdraws $2,500 to take a vacation. She will have to include the $2,500 in her taxable income for the year and pay a $250 penalty.
Commercialization of ideas is more difficult than idea creation as suggested by the fact that ____ percent of R&D occurs in large firms, yet the same firms produce fewer than ____ percent of patents.
a. 50; 50 b. 50; 80 c. 80; 50 d. 80; 80