Mike gundy is a college football coach making a base salary of $2,400,000 a year ($200,000 per month). employers are required to withhold a 6.2% social security tax up to a maximum base amount and a 1.45% medicare tax with no maximum. assuming the social security maximum base amount is $118,500, how much will be withheld during the year for the coach's social security and medicare.

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

Increases in output and increases in the inflation rate have been linked to

What is the relationship between credit and debt?