colin friedman's weekly gross earnings for the week ended april 22 were $1,906, and his federal income tax withholding was $343.08. assuming that the social security rate is 6% and medicare is 1.5% of all earnings, what is colin's net pay? round your answer to two decimal places. $fill in the blank 1
Answers
Colin's net pay is $1,419.47. Colin Friedman's weekly gross earnings for the week ended April 22 were $1,906, and his federal income tax withholding was $343.08.We need to find Colin's net pay.
Social Security rate is 6% and Medicare is 1.5% of all earnings Social security rate = 6% Medicare rate = 1.5%Total Social Security and Medicare rate = 6% + 1.5% = 7.5% = 0.075. Colin's gross pay is $1,906.Social Security and Medicare Tax = 0.075 × $1,906 = $143.45 Federal income tax = $343.08. Colin's net pay= Gross pay - Taxes= $1,906 - $143.45 - $343.08= $1,419.47 Colin's net pay is $1,419.47. Therefore, the answer is $1,419.47 which is rounded off to two decimal places.
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Related Questions
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
l
l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Consider the production function Q = 100√LK with the exogenous variables of w, r, K, and qo. Find the equation for the short-run total cost curve. a. q0/10000K. b. qo^2/10000K. c. wqo/10000K + rK. d. wqo^2/10000K +rK.
Answers
To find the equation for the short-run total cost curve, we need to determine the relationship between the cost of production and the level of output (Q) in the given production function.
The short-run total cost (TC) can be expressed as the sum of variable costs (VC) and fixed costs (FC).
VC represents the costs that vary with the level of output, while FC remains constant regardless of the level of output.
The variable costs can be calculated by multiplying the variable input (labor, L) by its corresponding price (w), while the fixed costs are determined by the fixed input (capital, K) and its corresponding price (r).
Given the production function: Q = 100√LK
We can express labor (L) in terms of output (Q) and capital (K) using the production function:
L = \((Q^2)/(100^2K)\)
Now, let's derive the equation for the short-run total cost curve.
Variable Costs (VC) = wL
= \(w(Q^2)/(100^2K)\)
Fixed Costs (FC) = rK
Short-run Total Cost (TC) = VC + FC
= \((w(Q^2)/(100^2K)) + rK\)
Therefore, the equation for the short-run total cost curve is:
d. \(wqo^2/10000K + rK.\)
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5 d. [9 Points] You hold a passive market portfolio, which includes stocks A, B and C, among others. The following information is available regarding these three stocks, as well as the universe of all stocks: B/M Ratio Market Cap 12-Month Returns Individual Stocks Stock A Stock B Stock C 48.20% 14.80% 16.40% 0.25 0.72 0.27 91.2 88.9 31.6 Overall Universe of Stocks 10-th Percentile Median 90-th Percentile -9.5% 15.2% 45.0% 0.09 0.26 0.70 37.8 90.4 270.2 On the basis of this information, you are considering making active bets on stocks A, B and C. i. Based on the information in the table, what views would you develop regarding the prospects for the returns of these stocks? In your answer, describe the direction of the views, the relative confidence you have in them, as well as any possible correlation between them. ) [Note: no specific numerical values are needed in item i. Please answer the questions in qualitative terms. You may want to consider the empirical evidence we studied in the course about the performance of various anomalies, including how consistently they have performed in different time periods, as well as any correlation between them.) ii. Describe how you would use the Black-Litterman model to implement the views you described in item (i). How would you expect your holdings in stocks A, B and C, as well as other stocks, to differ from your initial holdings once you implement the views?
Answers
. Based on the information provided in the table, we can develop the following views regarding the prospects for the returns of stocks A, B, and C:
Stock A: The stock has a high B/M ratio (48.20%) compared to the median B/M ratio of the overall universe of stocks (0.26). This indicates that Stock A is undervalued relative to its book value. Therefore, a view can be developed that the prospects for the returns of Stock A are favorable, expecting it to outperform the market.
Stock B: The stock has a relatively low B/M ratio (14.80%) compared to the median B/M ratio of the overall universe of stocks (0.26). This suggests that Stock B is overvalued relative to its book value. Hence, a view can be developed that the prospects for the returns of Stock B are unfavorable, expecting it to underperform the market.
Stock C: The stock has a B/M ratio (16.40%) close to the median B/M ratio of the overall universe of stocks (0.26). This indicates that Stock C is fairly valued relative to its book value. Therefore, a neutral view can be developed regarding the prospects for the returns of Stock C, expecting it to perform in line with the market.
The relative confidence in these views would depend on various factors such as the historical performance of anomalies like B/M ratio, the consistency of their performance in different time periods, and any correlation between these anomalies. It would be important to consider the empirical evidence studied in the course to gauge the confidence in these views.
ii. The Black-Litterman model can be used to implement the views described in item (i). The model combines the investor's views with market equilibrium to generate optimal portfolio weights. It takes into account the investor's confidence in the views and the covariance matrix of asset returns.
To implement the views, the investor would specify the expected returns for stocks A, B, and C based on their views developed in item (i). These expected returns would be incorporated into the Black-Litterman model, along with market equilibrium assumptions and covariance matrix, to calculate the revised optimal portfolio weights.
Once the views are implemented using the Black-Litterman model, the investor's holdings in stocks A, B, and C, as well as other stocks in the portfolio, would be adjusted. The revised portfolio weights would reflect the investor's active bets on these stocks, deviating from the initial passive market portfolio holdings. The extent of the deviation would depend on the confidence in the views and the impact of the views on the overall portfolio optimization process.
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Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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According to the scenario, what is the greatest economic challenge that Country D is facing? unemployment stagflation high production high wages.
Answers
Based on the scenario described, Country D is facing an economic challenge known as Stagflation.
Stagflation:
Refers to when the economy has grown stagnant. Refers to a situation where GDP is decreasing yet inflation is rising.Country D is facing a situation where prices are rising which means that inflation is rising. At the same time, wages are not rising and GDP is falling which points to a stagnant economy.
In conclusion, Country D is facing stagflation.
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Answer:
stagflation
Explanation:
I took the test mate
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhat does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
Answers
Answer:
It reveals that the owner is completely aware about financial risk and wants to take precautions to ensure the success of his company.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answers
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
Which viability factor can help an entrepreneur make up for a lack of skills?
Answers
Passion is the viability factor can help an entrepreneur make up for a lack of skills.
An entrepreneur is a person who starts a new firm, taking up the majority of the risks and relishing the rewards.
Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and ongoing success.
An entrepreneur is a person who decides to take the risk of launching a new business.
Entrepreneurship is the aggregation of capital and labor to generate things or services for profit. An entrepreneur realizes their concept by founding a business to carry it out.
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State 5 differences betweeen a stencil suplicator and a spirit duplicator
Answers
Answer:
spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.
I hope is helpful
please i want to be a branalist
Explanation:
New Agency Debby Just got a job as an assistant in a new federal agency called the Accounting Commission that was set up to regulate the accounting and auditing profession. The agency is headed by commissioners who serve for fixed terms and cannot be removed except for cause. Additionally, no more than a majority of the commissioners may be from the same political party. Her agency is getting ready to Issue rules. The enabling legislation that set up the Accounting Commission specified that the agency could make rules but said nothing about the form of the rules. Debby's boss, Blare, gave her some proposed rules and asked her to be sure that they were published and to take care of the next step in the approval process. Blalte also told her that at this point she was not very interested in hybrid rule making. After publication, What would be the next step in obtaining enactment of the proposed rules?
A. vote in the United States Congress
B. Approval by the US president through the stance of an active order
C. Apublic hearing
D. An opportunity for parties to be witten comments
E. Ang before medie lige IAL
Answers
Answer:
D. An opportunity for parties to be written comments
Explanation:
New agency is making some new rules for legislation. Blare, the boss of Debby gave her some of the proposed rules and asked her to publish them for the people and prepare for the next approval process.
So for the next step after Debby provides a public notice to its citizens is the opportunity for the common public and the interested parties to study the rules and sends their thoughts and comments on the rules made so that the agency can analyze those comments and consider the positive views in the rules and can also respond to their comments.
Thus the correct option is (D).
Stork Associates paid $60,000 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.a. Stork can deduct $ for this event.b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.
Answers
a. Based on the information given Stork can deduct $3,150 for this event.
b. There is no entertainment option and the deduction would be cost of ticket.
a. Stock deduction
Costs of seats $5,000
($250x20)
Food and beverage $1,300
Total Entertainment expense $6,300
($5,000+$1,300)
Less 50% Limitation
Deduction $3,150
($6,300×.50)
b. If there was no bona fide business discussion either preceding or after the event, there is no entertainment option and the deduction would be cost of ticket.
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Answer: $1300.00
Explanation: If this is for 2021 & 2022 then the employer can deduct all of the food and beverage -
However, taxpayers still may deduct some or all of the food and beverage expenses associated with operating their trade or business (e.g., a business meal with a current or potential client, or meals consumed by employees on work travel). In general, only 50 percent of food and beverage expenses can be deducted.
However, given the impact of the COVID-19 pandemic on restaurants, Congress provided a temporary 100 percent deduction for meals and beverages provided by a restaurant in 2021 and 2022.
1. Why can’t you merge Product Sales with Cost of Goods Sold in the Chart of Accounts?
A. Cost of Goods Sold is not included on the Chart of Accounts.
B. You can only merge accounts that are of the same type.
C. The income account would delete the expense account.
D. Only default accounts can be merged.
Answers
We can't merge Product Sales with Cost of Goods Sold in the Chart of Accounts because we can only merge accounts that are of the same type. So, the correct answer is B.
The Chart of Accounts is a categorized list of all the accounts used by a company to record its financial transactions. It provides a systematic way to organize and track various financial activities. In this context, Product Sales and Cost of Goods Sold (COGS) are different types of accounts with distinct purposes.
Product Sales is an income account that records the revenue generated from the sale of products or services. It represents the top line of the income statement and contributes to the calculation of the company's gross profit.
On the other hand, Cost of Goods Sold is an expense account that reflects the direct costs associated with producing or acquiring the goods sold. It includes the cost of materials, direct labor, and other production-related expenses. COGS is subtracted from the product sales to determine the gross profit.
Since Product Sales and COGS serve different purposes and are of different types (income account and expense account, respectively), they cannot be merged in the Chart of Accounts. Merging accounts should be done only with accounts of the same type, such as merging two income accounts or two expense accounts, to maintain the accuracy and integrity of the financial records. So, the correct answer is B.
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Trade discount is given to encourage buyers make purchases in ____ quantities.
Answers
Answer:
Bulk
Explanation:
Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.
Whole life insurance is sometimes referred to as straight life. What’s does the word straight indicate when using this phrase
Answers
In the context of whole life insurance, the term "straight" in "straight life" or "straight whole life" indicates that the policy provides coverage for the insured person's entire lifetime, as long as the premiums are paid.
Unlike term life insurance, which provides coverage for a specific term or duration (such as 10, 20, or 30 years), whole life insurance is designed to provide coverage for the "whole" life of the insured. As long as the premiums are paid on time, the policy remains in force until the insured person passes away, at which point the death benefit is paid out to the beneficiaries.
The term "straight" is used to emphasize the continuous, lifelong coverage that whole life insurance offers, in contrast to term life insurance, which has a fixed term of coverage. It highlights the fact that the policy remains in effect "straight" or continuously throughout the insured person's lifetime, as long as the premiums are paid.
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In whole life or 'straight' life insurance, 'straight' represents lifelong coverage given that premiums are consistently paid. The premium amount is usually level, remaining the same for the duration of the policy.
Explanation:In the context of Whole Life Insurance, the term 'straight' indicates that the policy offers lifelong coverage. This means that provided premiums are fully paid as per the policy term, the coverage lasts until the policyholder's death. A straight life policy, also known as traditional whole life insurance, implies that premium payments are also consistent, with the amount and frequency remaining the same throughout the lifetime of the policy.
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Compute the stock turnover for a product that has sales of 900 units and an average of 60 units in inventory.
Answers
Answer:
15
Explanation:
900/60=15
15 times is the stock turnover. The stock turnover rate is a common measure of stock performance. This rate represents the number of times a company's stock is 'turned over,' or replaced, in a given year.
Why is stock turnover important to a business?
In essence, inventory turnover is your annual inventory average. It shows how many times your company sold and replaced inventory over a given time period. This figure is significant because it allows companies to plan their financial future.
Given
Sales = 900 units
Average Inventory = 60 units
Required to calculate Stock turnover =?
Stock Turnover = Sales / Average Inventory
= 900 / 60 = 15 times
Thus, the stock turnover is 15 times for a stock that has sales of 900 units and an average of 60 units in inventory.
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I need long paragraph defines a problem statement and technical and non technical challenges in online auction app project
thank you
Answers
The creation of an online auction app is a complex procedure that necessitates carefully taking into account both technological and non-technical difficulties.
In today's digital age, online auction programmes are growing more and more popular, giving people and businesses the chance to buy and sell goods and services through online bidding. However, there are several technical and non-technical difficulties in creating a trustworthy and efficient online auction platform. Assuring the security and dependability of the programme itself is one of the key technological issues encountered in the development of online auction apps. To safeguard user data and thwart hacking efforts, this calls for the use of strong security mechanisms including encryption, firewalls, and secure data storage protocols.
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How do you get people to back off
Answers
Answer:
tell them you'll beat am up lol
Answer:
Tell them "Yoooo get the f away or imma push you away"
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answers
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
How did nandini jammi raise awareness about company ads placed on questionable websites without the company’s approval?.
Answers
Surprisingly in 2020, it came as an unpleasant surprise. Nandini Jammi’s advertiser boycotts scared brands away from journalism and into shady ad tech.
Being the cofounder of a media campaign called Sleeping Giants, Jammi had perfected the art of pressuring advertisers to stop funding websites that peddle unacceptable content. The effect of Sleeping GiantIn 2017, Sleeping Giants attained national awareness when its viral demonstration on social media helped cause a 90 percent drop in Breitbart News’ ad revenue—kneecapping one of the most important and tension raising right-wing publications of the 2016 election.
Therefore, Nandini raises awareness through an online demonstration via social media.
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How a business handles money is called _____ risk.
Answers
A company purchases a piece of machinery. This machinery is now the company's _____.
A. asset
B. liability
c. equity
D. capital
Answers
When a company purchases a piece of machinery, the machinery becomes the company's A. asset.
What is an asset?An asset is a resource owned or controlled by a business or an economic entity, which produces value or more resources.
Assets can be classified into three classes, and they generally fall into the following categories:
CurrentNon-currentPhysicalIntangibleOperatingNon-operating.Thus, the machinery does not become a liability, equity, or capital but an asset.
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Craigmont company's direct materials costs are $3,600,000, its direct labor costs total $7,540,000, and its factory overhead costs total $5,540,000. its conversion costs total:_____.
Answers
The conversion cost of Craigmont company is $13,080,000
How to calculate the conversation costs ?Conversion cost can be described as the sum of the cost of direct labor cost and overhead cost.
The cost of direct materials is $3,600,000
The direct labor costs is $7,540,000
The overhead cost is $5,540,000
Conversation cost= cost of direct labor + overhead cost
= 7,540,000 + 5,540,000
= 13,080,000
Hence the conversion cost is $13,080,000
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a(n) ________ is the term used to describe the $1 million a mining company borrowed in order to purchase new equipment.
Answers
A "loan" is the term used to describe the $1 million a mining company borrowed in order to purchase new equipment.
A loan is a sort of financial agreement in which one party (the lender) gives another party (the borrower) money with the expectation that the borrower would repay the loan with interest over a set period of time. Loans can be used for a variety of purposes, including the purchase of new equipment, the expansion of a business, and the financing of a property purchase.
In this instance, if a mining business borrowed $1 million from a lender with the goal of using the funds to purchase new equipment, it would be deemed a loan. A loan agreement between the borrower and the lender would normally detail the loan terms, including the interest rate, repayment duration, and other conditions.
Loans come in a variety of forms, including secured and unsecured loans, fixed-rate and variable-rate loans, and short-term and long-term loans. The sort of loan obtained by the mining firm would be determined by factors such as its creditworthiness, the purpose of the loan, and the lender's conditions.
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PLEASE HELP ME WITH THIS! Identify the ways of talking during a group discussion that are cooperative or create conflict.
I don’t think I agree.
Could you explain?
Wow! That sounds dumb.
Let's ask what everyone
feels about this.
I understand how you feel,
but I’d like you to consider
a different perspective.
You’re not making any
sense right now.
Answers
Answer:
I understand how you feel,
but I’d like you to consider
a different perspective.
Explanation:
i hope this helps :)
Answer:
Drag each label to the correct category.
Identify the ways of talking during a group discussion as either cooperative or conflict-creating.
I don't understand
what you’re saying.
Could you clarify?
Your perspective is
limited.
So you can't
see the truth.
I understand what
you mean, but let's
ask if everyone feels
the same way.
I am open to your
views, but would
you mind considering
my perspective as well?
What I say is right
because I have proof.
Do you still
want to argue?
Explanation:
Questions u could ask someone in an interview about fundraising ideas
Answers
what type of fundraising ideas would you recommend?
where/how would you approach people at a fundraiser?
have you ever experienced a fundraiser?
have you ever organized a fundraiser?
what ideas can you bring to the table?
There have been ____________ in how men and women communicate.
Answers
There have been changes, similarities, differences in how men and women communicate. So option d is correct.
Was do you mean when you say "communicate"?Both verbal and non-verbal methods of sending and receiving signals are used in communication. It takes two-way exchange of information in the form of ideas, thoughts, and opinions for two or more individuals to come to an understanding. The ability to communicate with people and share our needs and experiences helps us build relationships in day-to-day life. It is vital to life since it allows us to express our thoughts, convey knowledge, and share our emotions. We all need to talk to one another.
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Complete question:
There have been ____________ in how men and women communicate.
a.
changes
b.
similarities
c.
differences
d.
all of the above
The Job Search.
How has job searching for candidates and job placement for
hiring managers changed in the digital age? In your opinion, have
the changes had a positive or a negative effect? Why?
Answers
Job searching for candidates and job placement for hiring managers has changed significantly in the digital age.
With the advent of technology, job seekers have access to a wider range of employment opportunities through online job boards, social media, and professional networking sites, while hiring managers have access to a larger pool of candidates.
However, this has also led to an increased volume of applications, making it more challenging for job seekers to stand out from the competition. In my opinion, the changes have had a mostly positive effect overall, as they have made it easier for candidates to find job opportunities and for hiring managers to connect with potential employees.
However, it is important for both parties to navigate the digital job search landscape carefully, using targeted search strategies and effective branding to achieve the best results.
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Index manipulation a) For this exercise you will link two distinct series of price indices with the aim of creating one long and continuous series stretching from 1900 to 2021. The titles of the series appear on the Link sheet in the Excel template that you must complete. The link period is year 1914, i. E. , the first year that is common to both series. The goal is to create a new series in column J for consumer price index series that is longer than that available from the Statistics Canada database (which starts in 1914). We will use this information in b) to make a revealing calculation. A. The hourly wage of a master electrician in Toronto in 2021 is $40. 00; in contrast, the comparable wage in 1901 was $1. 00 (both figures are in nominal dollars). Using the information in a), calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901. Show your calculation in your working document and do the calculation in the Excel file on the sheet linked in cell F127. Has an electrician's purchasing power improved in 2021 when compared to their 1901 salary? Explain the logic of your answer in your working document
Answers
(a) The equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40. (b) The electrician's purchasing power has improved in 2021 compared to their 1901 salary.
To calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901, we need to adjust the 1901 wage for inflation using the consumer price index (CPI) series.
Given that the CPI series is available from 1914 onwards, we can use the link period to establish a continuous series from 1900 to 2021. In the Excel template provided, we can use the data in columns E and H to link the two distinct series of price indices.
Using the formula: Equivalent Wage = (1901 Wage * CPI in 2021) / CPI in 1901
We can calculate the equivalent wage in 2021 dollars for the electrician's salary in 1901.
In the Excel template, locate cell F127 and enter the formula:
`=($C$129*E127)/E$129`
This formula takes the 1901 wage value from cell C129, multiplies it by the CPI in 2021 from cell E127, and divides it by the CPI in 1901 from cell E129.
Upon calculating the formula, we find that the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40.
Therefore, the electrician's purchasing power has significantly improved in 2021 compared to their 1901 salary. With the equivalent wage in 2021 being substantially higher than the 1901 wage, the electrician's income would allow them to afford a greater quantity of goods and services in 2021, indicating an improvement in purchasing power over time.
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