On average, 50-year-old workers are paid several times more than workers in their teens and twenties. What is the most likely explanation for that huge difference in average earnings?
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- List the types of costs incurred when employees are laid off. What costs are difficult to estimate in monetary terms? Suppose that a firm is facing a downturn in business, each employee has skills valued at $40,000 per year, and it costs $100,000 to lay off an employee. If business is expected to improve in one year, are layoffs financially justified? What is the “payback” period for the layoff decision?In 2011, the wage gap between chief executive's pay was approximately 30 to 40 times the average American worker's paycheck. True false3) If 6.2% of the 210 million adult Americans are unemployed, how many adult Americans are unemployed?
- Your company plans to hire an employee at a yearly salaryof $70,000. Someone in your company says the actual costwill be lower because of payroll deductions. Someone elsesays it will be higher. Who is right? What is likely to bethe total cost to the company? Explain.Calculate the highest wages per month?If a new full-time employee is paid $44,000 a year, and taxes and insurance add 24% of wages to the cost, what is the total cost of the employee to the company?
- Say that the average worker in Argentina has productivity of $10 per hour while the average worker in Brazil has productivity of $12 per hour. If worker productivity, over the next 8 years, grows 1.5% per year in Brazil and 5% in Argentina. At the end of the 8 years, how much more productive are Argentina workers relative to Brazilian, in percentage terms. what equation do I use ?Workers being paid on commission are stressed over the amount of earning they will have. O Workers being paid on commission increase the accounting costs of the employer. Joey paid a total of $12,500 for stock that was $4 per share. If he sold his shares for $20,312.50, how much profit on each share did he make? (2 Points) The value must be a number 7 Carol's total job benefits were $62,250 last year. Her total job expenses for traveling food for the year were $7,530. What was her total employment compensation?In 1972, the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2017 is $127,200. What compound annual increase has been experienced over this 45-year period of time? How does it compare with a 3% annual increase in the consumer price index over this same period of time?
- Suppose you have a job that pays a monthly salary of (g) $_3,900____.Unfortunately, recent events have significantly reduced your company’s cash flow.Your employer says that everyone needs to take a 6.5% pay cut or the company mayhave to close.(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay decrease? Round your result to the nearest cent. (4) (b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary? Round your result to the nearest cent. (3) Your employer promises that when business returns to normal, everyone will get a6.5% pay raise to bring their pay back to their original levels.(c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly pay increase? Round your result to the nearest cent. (4) (d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly salary? Round…Labor Market . Suppose there is a town with 550,000 people. 140,000 of these people work full-time while 180,000 work part-time. 110,000 of these part-time workers want to work more hours, but are not permitted to do so by their respective employers. Another 80,000 individuals in this town are under the age of 16. 220,000 other individuals are currently not working. 160,000 of these individuals are actively seeking work, while 60,000 individuals have given up looking for a job. Of the 160,000 who are actively seeking work, 90,000 lost their jobs due to the effects on business losing demand due to COVID-19. 30,000 of the 160,000 lost their jobs due to technological advancements, and the remaining 40,000 are not working due to normal turnover in the labor force. Complete parts a, b, c, and d. Solve for the labor force in this community. Solve for the number of people who are considered to be cyclically unemployed. Solve for the current unemployment rate in this community. Solve for the…Margo worked 45 hours last week. Her hourly wage is $17.25 per hour. What is her gross pay? And calculate her net pay?
