Bob is working for a bank. he earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into fica (social security tax. what is bob’s net pay on his paycheck?

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

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