Do anyone knows this?

The 80% coinsurance provision means that Carissa Dalton must insure her home for at least 80% of its full value in order to receive full reimbursement for a claim. In this case, Carissa's home is insured for $105,000 which is 77.21% of its full value ($105,000/$136,000).

To calculate how much the insurance company will pay on an $8,600 claim, we need to first determine Carissa's coinsurance penalty. This penalty is calculated as:

(Insured amount / Required amount) x Loss amount = Coinsurance penalty

In this case, the required amount is 80% of the full value of the home, which is $108,800 ($136,000 x 0.80). So the coinsurance penalty is:

($105,000 / $108,800) x $8,600 = $8,311.59

This means that Carissa will be responsible for paying the coinsurance penalty of $8,311.59 out of pocket. The insurance company will then pay the remainder of the claim, which is:

$8,600 - $8,311.59 = $288.41

Therefore, the insurance company will pay $288.41 on the $8,600 claim.

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Cost of goods sold recognized in the quarter ending December 31, 2018: It depends on the cost of the inventory sold during that quarter and is not provided in the question.

Cost of goods sold recognized in the quarter ending March 31, 2019: It also depends on the cost of the inventory sold during that quarter and is not provided in the question.

Total cost of goods sold recognized across the quarters ending December 31, 2018, and March 31, 2019: This amount can be calculated by adding the cost of goods sold recognized in both quarters.

The cost of goods sold represents the direct cost of producing the goods sold during a specific period. It includes the cost of materials, labor, and overhead expenses.

Without knowing the cost of the inventory sold, we cannot calculate the cost of goods sold recognized in either quarter. However, if we assume that all inventory was sold, we can calculate the total cost of goods sold recognized across both quarters by adding the cost of goods sold recognized in each quarter.

It is important to note that the cost of goods sold is recognized when the inventory is sold, not when it is purchased.

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True, the correct step in this case is: "Elevate." These five steps include: 1. Identify the constraint, 2. Exploit the constraint, 3. Subordinate other processes to the constraint, 4. Elevate the constraint and 5. Repeat the process The Theory of Constraints

The answer is "Subordinate." The statement "Your job is to constantly improve, aggressively removing one constraint and then moving on to the next" refers to the step of subordinating non-constraints to the constraint in order to improve overall system performance in the Theory of Constraints. The second statement is True. The Theory of Constraints argues that all processes have at least one constraint that limits their capacity and performance. Identifying and managing constraints is a key component of the theory. The scenario you've described refers to the five focusing  steps of the Theory of Constraints (TOC). The correct step in this case is: "Elevate." These five steps include: Identify the constraint, Exploit the constraint, Subordinate other processes to the constraint, Elevate the constraint and Repeat the process The Theory of Constraints argues that all processes possess constraints that limit their capacity. Therefore, the statement is True.

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The broker is partaking in a type of abuse known as market manipulation.

Market manipulation occurs when an individual or group of individuals take actions that artificially influence the price of a security or market. By charging a higher-than-usual fee to sell highly demanded IPO shares, the broker is attempting to exploit the demand for those shares to gain a higher profit.

This behavior is unethical and can negatively impact the integrity of the market. It is important for regulators to monitor and take action against market manipulation to maintain a fair and transparent market. Hence, if a broker charges a higher-than-usual fee to sell highly demanded IPO shares to an investor, he is partaking in market manipulation.

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The right of Catessa's Home Furnishings, Inc. to provide conforming goods to Victor's Stately Homes, Inc. is known as Cure.

Home furnishings refer to the decorative items, furniture, and other accessories used to decorate and furnish a home or living space. These may include sofas, chairs, tables, rugs, curtains, bedding, lighting, wall art, and other decorative pieces. Home furnishings can be functional and practical, or they can be purely decorative, used to enhance the aesthetic appeal of a room. Home furnishings can be made from various materials such as wood, metal, plastic, glass, and textiles, and can be found in a wide range of styles and designs to suit different tastes and preferences.

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Effective communication is essential for developing good internal cross-unit cooperation.

For everyone to be on the same page, to have a shared understanding of goals and objectives, and to be able to work together to achieve them, there must be clear and timely communication across various divisions or departments within an organization.

The identification of possible areas of conflict or overlap, the ability to intervene early and resolve problems, and the facilitation of the exchange of information, resources, and best practices between various groups can all be facilitated by effective communication.

Additionally, by promoting teamwork, information sharing, and a feeling of shared purpose and accountability, having a culture of trust, respect, and collaboration can help encourage effective internal cross-unit coordination.

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Effective communication is essential for developing good internal cross-unit cooperation.

For everyone to be on the same page, to have a shared understanding of goals and objectives, and to be able to work together to achieve them, there must be clear and timely communication across various divisions or departments within an organization.

The identification of possible areas of conflict or overlap, the ability to intervene early and resolve problems, and the facilitation of the exchange of information, resources, and best practices between various groups can all be facilitated by effective communication.

Additionally, by promoting teamwork, information sharing, and a feeling of shared purpose and accountability, having a culture of trust, respect, and collaboration can help encourage effective internal cross-unit coordination.

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The corporation deducts the current year preferred dividend when calculating earnings per share if preferred stock is cumulative and no dividends are announced. True.

A aspect of cumulative preferred stock is accumulation. Consequently, if no dividends are declared or paid in any given year, they accrue and must be paid in full before any additional dividends are paid to other shareholders. Dividends in arrears are the cumulative dividends that have accrued.

Preferred dividends are subtracted from net income to arrive at earnings per share (EPS), which is then multiplied by the number of outstanding common shares. In order to account for the fluctuating number of outstanding common shares, most businesses utilize a weighted average.

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It is FALSE if preferred stock is cumulative and no dividends are declared, the company subtracts the current year preferred dividend in computing earnings per share.

Earnings per share (EPS) is calculated by dividing the net income available to common shareholders by the number of outstanding common shares. If preferred stock is cumulative and no dividends are declared, the company is still obligated to pay the cumulative dividends in the future, and these unpaid dividends are recorded as a liability on the balance sheet.

In this case, the company would not subtract the current year preferred dividend in computing EPS, because the preferred stockholders have a claim to these dividends in the future, and the unpaid dividends reduce the net income available to common shareholders. Therefore, the current year preferred dividend would not be included in the calculation of net income available to common shareholders, and would not be subtracted in computing EPS.

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Throughout the month of March, the restaurant needs an average of 4.5 days to replenish its food supply.

All of the different operational costs in a food service company must be managed and under control by a competent manager. Typically, the ultimate objective is to turn a profit. We must divide the cost of sales by the typical food inventory to arrive at the food inventory turnover ratio. The average food inventory is (Food inventory on March 1 plus Food inventory on March 31) divided by 2, or (7312 + 5628) divided by 2, or 6460. Cost of sales / Average Food Inventory = 38820 / 6460 = 6. Food Inventory Turnover Ratio. We must divide the number of operational days in the month by the food inventory turnover ratio to arrive at the inventory holding period in days. Number of operational days / Food inventory turnover ratio = 27 / 6.00 = 4.5 days for the inventory holding duration.

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The loss that Crow Corporation can recognize on the distribution of the land is $170,000. The correct option is D.

To determine the loss that Crow Corporation can recognize on the distribution of the land, we'll follow these steps:

Determine the adjusted basis of the land for Crow Corporation.

In a § 351 transaction, the basis of the property transferred to the corporation is the same as the basis in the hands of the contributing shareholder. In this case, the basis of the land is $400,000.

Determine the amount realized from the distribution.

The fair market value of the land on the date of the distribution to Ali is $230,000. This is the amount realized from the distribution.

Calculate the loss by comparing the adjusted basis and the amount realized.

Loss = Adjusted Basis - Amount Realized

Loss = $400,000 - $230,000

Loss = $170,000

However, under § 336(a), a corporation generally does not recognize a loss on the distribution of property in complete liquidation.

Therefore, the correct answer is D.

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E-commerce refers to conducting business transactions electronically over the internet. It encompasses various business processes such as online sales, marketing, payment processing, order fulfillment, and customer service.

The three primary benefits of e-commerce for a retail organization are increased customer reach, reduced operational costs, and improved customer experience. A manufacturing organization can achieve benefits such as streamlined supply chain management, increased supplier collaboration, and improved procurement efficiency using e-commerce to interact with its suppliers.

Business managers must understand the basics of online marketing, web design, search engine optimization, payment processing, and customer service to effectively incorporate e-commerce into their business.

A B2B private store is a closed online store that is accessible only to a specific group of authorized customers. It provides personalized pricing, promotions, and products to these customers. A B2B customer portal, on the other hand, is an online platform that allows customers to access product information, place orders, track deliveries, and view invoices. A private store is different from a typical B2C e-commerce website in that it is not open to the public, and it offers personalized pricing and promotions.

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"The primary goal of financial accounting is to provide useful information to management, shareholders, creditors, and other properly interested parties."

The Supreme Court stated in Thor Power Tool Co. v. Comm.; "the major goal of the accountant is to protect these parties from being misled." Contrarily, the equitable collection of tax income is the main objective of the tax system. The foreign tax credit (FTC) can only be used to offset U.S. taxes on income with a foreign source.

Hence it is significant. An American is liable for worldwide taxes on all of their income. Although the term "income" normally refers to revenue receipts, the Income-tax Act of 1961 specifically includes certain capital receipts, such as capital gains, under the definition of income.

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The given statement "Planned order releases in MRP are open confirmed orders" is false because planned order releases in MRP (Material Requirements Planning) are not confirmed orders.

Planned order releases in MRP are not necessarily open confirmed orders. Rather, they are proposed orders that are generated based on the MRP calculation and requirements for materials. These planned orders are not yet confirmed, as they may be subject to change depending on factors such as lead times, availability of materials, and production schedules. The release of planned orders is the process of turning these proposed orders into firm commitments for production or purchase.

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Yes, typically the receiving department prepares prenumbered receiving reports for all inventory received, which include a description of the materials and the quantity received.

They also periodically account for the numbers to ensure that all inventory has been properly received and recorded.

This helps to ensure accurate inventory tracking and management.

A report is a brief piece of writing that examines problems, circumstances, events, or discoveries using facts and evidence.

Reports are educational publications that analyze various subjects with a particular audience and goal in mind.

Research findings are presented and discussed in reports.

The justification for the research, a description of the research methodology, the findings, results, a logical discussion,

and conclusions/recommendations are all given to the reader.

A report is a particular type of writing that is brief, clear, and usually organized around identifying and analyzing problems, incidents, or conclusions from a research project.

Reports frequently entail looking into, analyzing, and solving a problem.

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10 units is the ideal production for firm 1, and 6.667 units is the ideal output for firm 2.

According to the firm's optimal output rule, a firm's profit is maximised by generating as much output as possible at a price where the last unit's marginal cost is equal to the market price.

According to the formula profit = Total revenue - Total expense, profit is determined. When the first order, MR = MC, and the second order are dependent on the first order, a corporation maximises profit. Regarding the time frame for making a profit and the objectives of the company, this idea contrasts from wealth maximisation.

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Project will improve the ROI for the western division, since it is above the required rate of return that the company has specified. Accepting the project is in the best interest of the company as a whole. These statements are correct.

The statement "the manager may decide to reject the project because it will lower the current ROI earned by his division" is incorrect, as it contradicts the first statement. If the project's ROI is higher than the required rate of return, accepting it would improve the division's ROI, not lower it.

Therefore, the manager should consider accepting the project if it meets other criteria such as risk and feasibility.
The project will improve the ROI for the Western Division, since it is above the required rate of return that the company has specified. Accepting the project is in the best interest of the company as a whole.

However, the manager may decide to reject the project because it will lower the current ROI earned by his division.

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A portfolio with equal investments in Duke Energy and Microsoft has a volatility that is most similar to 10.86.The indicator of a portfolio's volatility is its standard deviation. The correct answer is C) .051.

A diverse portfolio is one that includes a variety of assets. A portfolio's diversification can reduce risk and increase return potential..An electric power holding company is Duke Energy.

A global technology corporation, Microsoft. Microsoft and Duke Energy might be in distinct sectors and industries, therefore they might have varying volatilities that will affect the portfolio's total risk. The following equation is used to determine a portfolio's overall volatility:

Square root [(weight of stock

A * Volatility of stock A)2 + (weight of stock

B * Volatility of stock BY2 + 2(weight of stock

A * weight of stock

B* Correlation] is the formula for calculating the volatility of a portfolio.

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Consumer surplus is the discrepancy between the price consumers are prepared to pay and the price they ultimately end up paying. The area between the actual price and the inverse demand curve, or t, is what determines the value.

PX = 125 - 0.25Qxd is the inverse demand curve.

When Px = $50, the consumer surplus is $11250.

When Px = $35, the consumer surplus is $113850. As the cost of a commodity decreases, consumer surplus rises.

A. Inverse Demand Curve: QXd = 500 - 4PX is the specified demand curve for product X.

We must express QXd in terms of PX in order to determine the inverse demand curve.

PX = (500 - QXd)*4.

QXd = 500 - 4PX.

If P is the product's price, then

Qxd = 500 - 4P represents the demand curve.

PX = (500 - QXd)÷4

b. When PX is $50:

For PX of $50,

QXd = 500 - 4(50) = 300 is the demand equation. Consumer Surplus in this instance equals

/2 x (50-125) x 300,

or $11250 C. PX = $35:

For PX = $35,

QXd = 500 - 4(35) = 370 is the demand equation. The region that lies below the inverse demand curve and above the actual price is known as the consumer surplus. Consumer Surplus is equal to 1/2 x (125-35) x 370, which is $13850. As the cost of a commodity decreases, consumer surplus rises. This is due to the fact that as a good's price declines.

Complete question:

The demand curve for product X is given by QXd = 500 - 4PX.a. Find the inverse demand curve.PX = - QXdInstructions: Round your answer to the nearest penny (2 decimal places).b. How much consumer surplus do consumers receive when Px = $50?$c. How much consumer surplus do consumers receive when Px = $35?$ the consumer surplus?

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The z-values for service levels of 75%, 78%, 83%, 86%, and 89% are 0.67, 0.77, 0.95, 1.08, and 1.23, respectively.

To find the z-values for service levels of 75%, 78%, 83%, 86%, and 89%, we will use a standard normal distribution table or a calculator with a built-in inverse cumulative distribution function (also known as the quantile function).

Here are the steps to find the z-values for each service level:

1. Locate the service level as a decimal value (e.g., 75% is 0.75).
2. Find the corresponding z-value in a standard normal distribution table or use a calculator with a built-in inverse cumulative distribution function (quantile function). This value will be the point at which the area under the curve is equal to the desired service level.

Here are the z-values for the service levels:

Service level: 75%
- Decimal value: 0.75
- z-value: 0.67 (rounded to two decimal places)

Service level: 78%
- Decimal value: 0.78
- z-value: 0.77 (rounded to two decimal places)

Service level: 83%
- Decimal value: 0.83
- z-value: 0.95 (rounded to two decimal places)

Service level: 86%
- Decimal value: 0.86
- z-value: 1.08 (rounded to two decimal places)

Service level: 89%
- Decimal value: 0.89
- z-value: 1.23 (rounded to two decimal places)

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The z-values for service levels of 75%, 78%, 83%, 86%, and 89% are 0.67, 0.77, 0.95, 1.08, and 1.23, respectively.

To find the z-values for service levels of 75%, 78%, 83%, 86%, and 89%, we will use a standard normal distribution table or a calculator with a built-in inverse cumulative distribution function (also known as the quantile function).

Here are the steps to find the z-values for each service level:

1. Locate the service level as a decimal value (e.g., 75% is 0.75).
2. Find the corresponding z-value in a standard normal distribution table or use a calculator with a built-in inverse cumulative distribution function (quantile function). This value will be the point at which the area under the curve is equal to the desired service level.

Here are the z-values for the service levels:

Service level: 75%
- Decimal value: 0.75
- z-value: 0.67 (rounded to two decimal places)

Service level: 78%
- Decimal value: 0.78
- z-value: 0.77 (rounded to two decimal places)

Service level: 83%
- Decimal value: 0.83
- z-value: 0.95 (rounded to two decimal places)

Service level: 86%
- Decimal value: 0.86
- z-value: 1.08 (rounded to two decimal places)

Service level: 89%
- Decimal value: 0.89
- z-value: 1.23 (rounded to two decimal places)

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In a regression of sales on income and seasonal dummy variables for a quarterly time series, a negative sign of the quarter 3 dummy variable means sales for quarter three are below that of the base quarter. The correct option is (c).

When using seasonal dummy variables in a regression, one quarter is chosen as the base quarter, and the other quarters are compared to it. The base quarter is typically the one with the most representative or average sales performance.

A negative sign of the quarter 3 dummy variable means that sales in quarter 3 are lower than the base quarter, while a positive sign would mean they are higher. Therefore, "sales for quarter three are below that of the base quarter" is the correct interpretation of a negative sign for the quarter 3 dummy variable.

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Diversity of expertise will probably be most important to consider when selecting employees to serve on the team.

Expertise is the skill or knowledge of a particular subject or activity that has been acquired through experience and/or education. Expertise can refer to a person with a high level of skill, knowledge and experience in a particular area, or to a body of knowledge and experience related to a particular field. Expertise can be acquired through formal education, on-the-job training, self-teaching, or any combination of these methods. It is typically based on the ability to critically analyze information and make decisions based on that analysis. Expertise often requires a combination of technical skill, experience, and creativity, as well as the ability to think quickly and make sound decisions. Expertise also requires an understanding of the current trends and challenges in a given field, as well as the ability to recognize and capitalize on opportunities.

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The net income earned by the Jones Company during 2007 was $450. Option b is correct.

To calculate the net income earned by the Jones Company during 2007, we need to use the formula:

Net Income = Revenues - Expenses

However, we are not given any information about the revenues or expenses of the company. Instead, we are given the liabilities and assets for the end of 2006 and 2007, as well as the dividends distributed during 2007.

We can use this information to calculate the change in liabilities and assets from 2006 to 2007:

Change in Liabilities = Liabilities (2007) - Liabilities (2006) = $300 - $350 = -$50

Change in Assets = Assets (2007) - Assets (2006) = $800 - $500 = $300

We can use these values to calculate the net income:

Net Income = Change in Assets - Dividends Distributed + Change in Liabilities
Net Income = $300 - $100 - (-$50)
Net Income = $450

Therefore, the net income earned by the Jones Company during 2007 was $450. The correct option is b.

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Direct export is considered separately from other non-equity modes of entry because it involves exporting products or services directly to a foreign market.

This distinguishes it from other non-equity modes of entry,

such as licensing or franchising, which involve contractual market transactions with a partner.

Direct export is often considered the easiest and cheapest mode of entry as it does not require significant investment or the establishment of a physical presence in the foreign market.

However,

it is important to note that an exporter must have an export license from the Home authority to legally conduct direct exports.

Direct export refers to sales made directly to a foreign client. You send the buyer a direct invoice.

For instance,

let's say you make custom mobile cases and send them to Belgian and German clients by mail.

You get in touch with your consumers frequently and manage your own marketing and sales.

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The correct answer is d. Large amounts of historical demand data are not required for exponential smoothing forecasting technique.

However, the technique does require the forecast for the current period, the actual demand for the current period, and a smoothing constant. Exponential smoothing is a commonly used forecasting method that calculates future values based on past data, using a weighted average approach that places more emphasis on recent data. It is particularly useful for short-term forecasting, such as predicting sales or demand for a particular product or service.

An exponential smoothing forecasting technique requires all of the following except d. large amounts of historical demand data. This method uses a smoothing constant to give more weight to recent data points, making it less reliant on extensive historical data for accurate forecasting.

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In choosing between taking the standard deduction and itemizing deductions from AGI (Adjusted Gross Income), several factors can affect your decision:

1. Standard deduction amount: If your total itemized deductions exceed the standard deduction, it may be more beneficial to itemize deductions. Conversely, if the standard deduction is greater, it would be more advantageous to take the standard deduction.

2. Filing status: The standard deduction varies depending on your filing status (e.g., single, married filing jointly, or head of household). Consider the differences in standard deductions for each filing status when making your decision.

3. Tax situation: If you have specific expenses, such as mortgage interest, state and local taxes, or charitable contributions, itemizing deductions might yield greater tax savings than the standard deduction.

4. Complexity: Itemizing deductions requires more documentation and time, as you need to gather receipts and records for eligible expenses. If the difference in tax savings between the two options is minimal, the standard deduction may be a simpler choice.

5. Changes in tax laws: Keep up-to-date with current tax laws and any changes in standard deduction amounts, as these can impact your decision-making process. Consult with a qualified tax professional to understand how the changes may affect your tax situation.

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Individuals and countries will continue to trade airplanes for cars until (b) the additional benefit from the last traded car will equal the additional benefit from the last plane. This is because trading will occur until the point where the marginal benefits of each good are equal for both countries and individuals, ensuring an efficient allocation of resources in the trade process.

Individuals and countries will continue to trade airplanes for cars until the additional benefit from the last traded car will equal the additional benefit from the last plane. This means that both parties involved in the trade will continue to exchange until they both feel that they are getting equal benefits from the trade. It is not necessary for each country to acquire as many airplanes and cars as they can, nor is it required for the value of each additional airplane and car to be equal for both parties involved. Trade will continue until both parties feel that they are getting the same amount of benefit from the exchange.
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False. Sellers are not required to take precautions against every conceivable misuse of a product,

but they are required to take reasonable precautions to ensure their products are safe and properly labeled for their intended use.
Sellers are required to take precautions against every conceivable misuse of a product. True or false?"
Your answer: False.
While sellers should take reasonable precautions to ensure the safety of their products and provide warnings for potential misuses, it is not possible for them to anticipate and guard against every conceivable misuse of a product.

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The correct answer is c. oil. Oil accounts for the largest portion of the total value of world trade transported by sea.

This statement is true. Oil is one of the most important commodities in the world, and it accounts for a significant portion of the total value of world trade transported by sea. According to the United Nations Conference on Trade and Development (UNCTAD), in 2020, the total value of world trade transported by sea was estimated to be around $11.5 trillion, and oil accounted for more than one-third of this value.

The transportation of oil is essential for the global economy, as it is used for a wide range of purposes, including transportation, electricity generation, and heating. The largest oil exporters include countries such as Saudi Arabia, Russia, and the United States, and the largest importers include countries such as China, the United States, and India.

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The most important stage of the group writing project process is planning. This involves identifying the topic, setting goals, establishing timelines, and assigning tasks to each team member.

By properly planning the project, the group can ensure that they are all on the same page and working towards the same objectives. Researching, delegating, drafting, and reviewing are all important stages as well, but without proper planning, the project may not be successful.

When working together on a group writing project, the most important stage of the process is planning. This stage is crucial because it involves setting goals, assigning tasks, and establishing timelines for the project, ensuring a smooth and successful collaboration among team members.

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Answer:

In terms of disruptive technology, it is true that what is best for an organization's current business could ruin it in the long term.

Explanation:

Disruptive technology refers to innovations that significantly alter the way businesses operate, often displacing established methods or products. While a company may currently benefit from using existing technologies or business models, the emergence of disruptive technology can make those methods obsolete, leading to long-term challenges or failure.

For instance, a business that manufactures conventional film cameras may experience short-term success, but the introduction of digital cameras and smartphone cameras may cause market disruption and cause the company's products to become obsolete. Similar to this, if a business that relies on conventional brick-and-mortar shopping does not adopt e-commerce and other digital technologies, it may find it difficult to compete with online shops.

To avoid this, organizations need to stay updated on emerging technologies and be willing to adapt their strategies to remain competitive in the long run.

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9.00% of Alan's gross income was deducted for health insurance.

To determine the percentage of Alan's gross income that was deducted for health insurance, we need to divide the amount of health insurance deduction by the gross wages (salary) and multiply by 100:

Percentage of gross income deducted for health insurance = (health insurance deduction / gross wages) x 100

= (313.59 / 3,484.38) x 100

= 9.00%

Therefore, 9.00% of Alan's gross income was deducted for health insurance.

To determine the percentage of total deductions that were voluntary deductions, we need to subtract the mandatory deductions (such as FICA, federal tax, and state tax) from the total deductions and divide the result by the total deductions, then multiply by 100:

Percentage of total deductions that were voluntary deductions = [(total deductions - mandatory deductions) / total deductions] x 100

= [(1,314.48 - 959.95 - 4,104.59 - 3,939.09) / 24,975.13] x 100

= (310.85 / 24,975.13) x 100

= 1.24%

Therefore, 1.24% of total deductions were voluntary deductions.

To determine the percentage of Alan's gross pay that he took home after all deductions, we need to divide the net pay by the gross wages (salary) and multiply by 100:

Percentage of gross pay taken home after all deductions = (net pay / gross wages) x 100

= (2,159.89 / 3,484.38) x 100

= 62.01%

Therefore, Alan took home 62.01% of his gross pay after all deductions.

Here is a function that Alan can use to estimate his take-home pay, where x represents gross pay and y represents net pay:

def calculate_take_home_pay(x):

# Calculate the mandatory deductions

fica_tax = x * 0.062

ss_tax = min(x, 142800) * 0.0145

medicare_tax = x * 0.0145

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