Westway Company pays Suzie Chan $3,000 per week. By the end of week 52, how much did Westway deduct for Suzie’s Social Security and Medicare for the year? Assume Social Security is 6.2% on $128,400 and 1.45% for Medicare. What state and federal unemployment taxes does Westway pay on Suzie’s yearly salary? The state unemployment rate is 5.1%. FUTA is .6%.

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u. s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes