Q4. You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.

1. Will you be able to meet your goal at this current saving rate? [2 marks]
2. What percentage of your salary should you save if you want to have exactly your university expenses amount? [2 marks]
3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. [2 marks]
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer. [4 marks]

Salary is monthly and MBA cost is for one year as annual cost means one year cost

Calculating Taxes under the Patient Protection and Affordable Care Act The PPACA imposes taxes on employers who choose not to provide health insurance benefits or who choose to offer highly expensive health insurance plans. Let’s assume that a company has 500 workers. Calculate the costs of the following scenarios. Questions: 10-9. The company chooses not to provide health insurance. How much will the penalty be based on the formula presented in this chapter? 10-10. The company prices health insurance for its workforce, and determines that the annual cost is $2,500,000. Based on your answer to 10-9, how much money would it save by not offering health insurance? 10-11. The company is considering the purchase of a high-priced health insurance option. The cost is equal to $16,000 per employee for individual coverage and $30,000 per employee for family coverage. Half of the employees subscribe to individual coverage. Based on the guidelines presented in this chapter, calculate the Cadillac tax.

3) Consider the following activities taking place in the United States. For each activity, indicate whether or not it should be included in U.S. GDP. If you determine that the activity would add to U.S. GDP. then indicate which category of Final Demand it should be in. (12 points) a) A college student spends $75 to buy a new textbook from the bookstore. b) Your parents pay your tuition bill at your university in the U.S. c) An iPhone manufactured in Seattle. Washington by Apple remains unsold at the end of the year. d) An unemployed worker receives an unemployment compensation check from the U.S. government. e) Henry, who owns a construction company in Florida. buys tools produced in Germany for his company. f) The U.S. government hired 500 more engineers to design a wall between the U.S. and Mexico.

Can you please analyze this article and express your opinion

Stop Saying This Is a Nation of Immigrants!

by Roxanne Dunbar-Ortiz

A nation of immigrants: This is a convenient myth developed as a response to the 1960s movements against colonialism, neocolonialism, and white supremacy. The ruling class and its brain trust offered multiculturalism, diversity, and affirmative action in response to demands for decolonization, justice, reparations, social equality, an end of imperialism, and the rewriting of history — not to be “inclusive” — but to be accurate. What emerged to replace the liberal melting pot idea and the nationalist triumphal interpretation of the “greatest country on earth and in history,” was the “nation of immigrants” story.

By the 1980s, the “waves of immigrants” story even included the indigenous peoples who were so brutally displaced and murdered by settlers and armies, accepting the flawed “Bering Straits” theory of indigenous immigration some 12,000 years ago. Even at that time, the date was known to be wrong, there was evidence of indigenous presence in the Americas as far back as 50,000 years ago, and probably much longer, and entrance by any means across the Pacific and the Atlantic — perhaps, as Vine Deloria Jr. put it, footsteps by indigenous Americans to other continents will one day be acknowledged. But, the new official history texts claimed, the indigenous peoples were the “first immigrants.” They were followed, it was said, by immigrants from England and Africans, then by Irish, and then by Chinese, Eastern and Southern Europeans, Russians, Japanese, and Mexicans. There were some objections from African Americans to referring to enslaved Africans hauled across the ocean in chains as “immigrants,” but that has not deterred the “nation of immigrants” chorus.

Misrepresenting the process of European colonization of North America, making everyone an immigrant, serves to preserve the “official story” of a mostly benign and the benevolent USA, and to mask the fact that the pre-US independence settlers, were, well, settlers, colonial setters, just as they were in Africa and India, or the Spanish in Central and South America. The United States was founded as a settler state, and an imperialistic one from its inception (“manifest destiny,” of course). The settlers were English, Welsh, Scots, Scots-Irish, and German, not including the huge number of Africans who were not settlers. Another group of Europeans who arrived in the colonies also were not settlers or immigrants: the poor, indentured, convicted, criminalized, kidnapped from the working class (vagabonds and unemployed artificers), as Peter Linebaugh puts it, many of who opted to join indigenous communities.

Only beginning in the 1840s, with the influx of millions of Irish Catholics pushed out of Ireland by British policies, did what might be called “immigration” begin. The Irish were discriminated against cheap labor, not settlers. They were followed by the influx of other workers from Scandinavia, Eastern, and Southern Europe, always more Irish, plus Chinese and Japanese, although Asian immigration was soon barred.   Immigration laws were not even enacted until 1875 when the US Supreme Court declared the regulation of immigration a federal responsibility. The Immigration Service was established in 1891.

Buried beneath the tons of propaganda — from the landing of the English “pilgrims” (fanatic Protestant Christian evangelicals) to James Fennimore Cooper’s phenomenally popular “Last of the Mohicans” claiming “natural rights” to not only the indigenous peoples territories but also to the territories claimed by other European powers — is the fact that the founding of the United States was a division of the Anglo empire, with the US becoming a parallel empire to Great Britain. From day one, as was specified in the Northwest Ordinance that preceded the US Constitution, the new republic for empire (as Jefferson called the US) envisioned the future shape of what is now the lower 48 states of the US. They drew up rough maps, specifying the first territory to conquer as the “Northwest Territory,” ergo the title of the ordinance. That territory was the Ohio Valley and the Great Lakes region, which was filled with indigenous farming communities.

Once the conquest of the “Northwest Territory” was accomplished through a combination of genocidal military campaigns and bringing in European settlers from the east, and the indigenous peoples moved south and north for protection into other indigenous territories, the republic for empire annexed Spanish Florida where runaway enslaved Africans and remnants of the indigenous communities that had escaped the Ohio carnage fought back during three major wars (Seminole wars) over two decades. In 1828, President Andrew Jackson (who had been a general leading the Seminole wars) pushed through the Indian Removal Act to force all the agricultural indigenous nations of the Southeast, from Georgia to the Mississippi River, to transfer to Oklahoma territory that had been gained through the “Louisiana Purchase” from France. Anglo settlers with enslaved Africans seized the indigenous agricultural lands for plantation agriculture in the Southern region. Many moved on into the Mexican province of Texas — then came the US military invasion of Mexico in 1846, seizing Mexico City and forcing Mexico to give up its northern half through the 1848 Treaty of Guadalupe Hidalgo. California, Arizona, New Mexico, Colorado, Utah, Texas were then opened to “legal” Anglo settlement, also legalizing those who had already settled illegally, and in Texas by force. The indigenous and the poor Mexican communities in the seized territory, such as the Apache, Navajo, and Comanche, resisted colonization, as they had resisted the Spanish empire, often by force of arms, for the next 40 years. The small class of Hispanic elites welcomed and collaborated with US occupation.

Are “immigrants” the appropriate designation for the indigenous peoples of North America? No.

Are “immigrants” the appropriate designation for enslaved Africans? No.

Are “immigrants” the appropriate designation for the original European settlers? No.

Are “immigrants” the appropriate designation for Mexicans who migrate for work to the United States? No.

They are migrant workers crossing a border created by US military force. Many crossing that borders now are also from Central America, from the small countries that were ravaged by US military intervention in the 1980s and who also have the right to make demands on the United States.

So, let’s stop saying “this is a nation of immigrants.”

What percentage of the FICA payroll tax do workers who are not self-employed pay? For someone who earned $50,000 in 2019, how much did that person pay in FICA taxes? For someone who earned $200,000 in 2019, how much did that person pay in FICA taxes?

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions and they had a total of $3,500 in federal income taxes withheld from their paychecks during the course of the year. (Use the 2019 tax rate schedules.)

a. What is Marc and Michelle’s gross income? 76,500

b. What is Marc and Michelle’s adjusted gross income? 72,500

c. What is the total amount of Marc and Michelle’s deductions from AGI?

d. What is Marc and Michelle’s taxable income?

e. What is Marc and Michelle’s taxes payable or refund due for the year?

Edit question Marc and Michelle are married and earned salaries this year of $67,600 and $13,350, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $950 from corporate bonds. Marc contributed $2,950 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,950. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $6,900 of expenditures that qualify as itemized deductions and they had a total of $5,950 in federal income taxes withheld from their paychecks during the course of the year. (Use the tax rate schedules.) a. What is Marc and Michelle’s gross income? b. What is Marc and Michelle’s adjusted gross income? c. What is the total amount of Marc and Michelle’s deductions from AGI? d. What is Marc and Michelle’s taxable income? e. What is Marc and Michelle’s taxes payable or refund due for the year? Use 2018 tax schedules

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions and they had a total of $3,500 in federal income taxes withheld from their paychecks during the year.

a. What is Marc and Michelle’s gross income?

b. What is Marc and Michelle’s adjusted gross income?

c. What is the total amount of Marc and Michelle’s deductions from AGI?

d. What is Marc and Michelle’s taxable income?

e. What is Marc and Michelle’s taxes payable or refund due for the year?

The GDP is an inaccurate measure of wellbeing because:

		It ignores the black-market
		"It places no value on activites takes place outside of the marketplace, like giing to the park with the kids"
		Envirnmental degradation is not accounted for
		All of the above

Which of the following items is counted toward US GDP

		Computer software written in Seattle and sold in India
		Stock sold in the US stockmarket by a US company to a US buyer.
		Taxes collected by the US government.
		The sale of a used car by a North Little Rock used car dealer.

A used textbook buyer who has been laid off because students can sell used textbooks online is an example of

		Frictional unemployment
		Structural unemployment
		Cyclical unemployment
		None of the above

Full employment means

		Everyone who wants a job has one
		Everyone has a job regardless of whether they want one
		"The only unemployed workers are the seasonal, frictional, and structurally unemployed"
		Everyone in the labor force has a job

A survey sent to 483 university students found 597 of these students admitted to texting during class. Construct a 99% confidence interval for the proportion of all university students who text during class.