The elasticity of a demand curve, which is illustrated by a horizontal line perpendicular to the quantity axis (x axis), is infinite, suggesting that demand is entirely elastic.
A straight horizontal line is used to depict a completely elastic demand curve, which demonstrates how closely price and market demand are related. In actuality, at a certain price, demand is limitless. A price change would therefore stop all demand for the commodity. The supply curve illustrates the relationship between the price of a good or service and the volume supplied over a specific time period. In a typical illustration, the quantity supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
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Salaries for physical therapists rise more than salaries for athletic trainers. What will happen in the labor market for athletic trainers?.
Labor supply will decrease, resulting in higher wages and fewer hours of employment for the trainers.
Employment is a relationship between two parties that regulates the provision of paid labor services.
Typically under contract, an employer, which can be a bank, non-profit association, trade union, or other entity, pays the other party in exchange for performing the work assigned to it. Most often, the status of having a paid job - means employment. Hiring someone means paying him or her for work.Employers guarantee the employment of their employees. Hiring can also mean the act of hiring a person. For example, we are working to increase the employment of women.
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sparky sees quality control in terms of detecting potential problems to prevent their occurrence and thus save minimotors money. the quality control process that is most closely linked to sparky's goal is know as:
The quality control process most closely linked to sparky's goal is known as Six Sigma.
What is the importance of the quality control process?In order to protect the brand of the business, avoid unreliable products, and foster consumer trust, quality control is crucial. Quality helps a company reduce waste, expenses, and hazards.
The Six Sigma methodology gives businesses the tools they need to enhance the efficiency of their company operations. Doing the right things, it is utilized to boost a process's efficiency and effectiveness.
In the given case, it is explained that Quality control, in Sparky's opinion, is the process of identifying possible issues before they arise. Here the use of six sigma is required in order to meet the goal.
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seasonal indices of sales for the black lab ski resort are for 1.20 for january and .80 for december. if december sales for 1998 were $5,000, a reasonable estimate of sales for january 1999 is
The seasonal sales indexes for the Black Lab ski resort are 1.20 for January and .80 for December. If December sales in 1998 were $5,000, a reasonable estimate of sales in January 1999 is $7,500.
(1.20 * 5000) % .80 = 7,500.
Sales are actions related to selling or the number of products sold in a specific time period. A sale is also defined as the provision of a service for a fee. The seller, or the provider of the products or services, completes a sale in response to an acquisition, appropriation, requisition, or direct interaction with the customer at the point of sale. The item's title (property or ownership) is transferred, and a price is agreed upon. The seller, not the purchaser, normally executes the sale, and it may be done prior to the obligation of payment.
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which is one of the requirements that a company must meet when it begins to sell shares in a stock market?
The requirements that a company must meet when it begins to sell shares in a stock market is the company must disclosed its financial condition in details.
The requirement for a company to be listed in a stock market is vary based on the stock market targeted. However the basic requirements for a company to list in a stock market is related to 2 categories, such:
The company size as defined by its annual income or market capitalizationThe liquidity of the shares that already been issuedThose information could represent the company's financial condition.
A company also has to pay an innitial listing fees and annual listing fees. The annual listing fees could vary dependeing on the number of shares being traded.
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select all that apply what are the main reasons project managers need to understand an organization's mission and strategy? multiple select question. to modify the design of a product to allow appropriate decision making to be an effective project advocate to authorize appropriate scope changes
The main reasons project managers need to understand an organization's mission and strategy-
To be an effective project advocate.To allow appropriate decision-making.An association or organisation, is an reality — similar as a company, an institution, or an association — comprising one or further people and having a particular purpose. The word is deduced from the Greek word organon, which means tool or instrument, musical instrument, and organ.
Organizational costs is the cost incurred by a business from planning, organizing, and supervising its coffers. These costs are an ineluctable part of any business association. They include so numerous factors, similar as labor time, capital investment, training, and development costs.7 Oct 2022. The sanctioned description of “ globalization ” is the process by which businesses or other associations develop transnational influence or start operating on a transnational scale.
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what are the main assets of the federal reserve banks? multiple choice question. cash and checks securities and loans checkable deposits stocks and bonds
Option (b) is the best choice. Securities and loans make up the bulk of the Federal Reserve Banks' assets.
What are the Federal Reserve Bank's key assets?Securities and loans to commercial banks make up the Federal Reserve Banks' two primary assets. The Federal Reserve Bank has acquired the assets, which are government bonds, in order to raise the amount of money available to the economy. Commercial bank loans also assist banks in building up their reserves.
What is the largest holding of the Federal Reserve?About 95% of the Fed's overall balance sheet is made up of securities that are held outright. Treasury securities, such as shorter-term Treasury bills, notes, and bonds, make up over two thirds of the total. Another approximately one-third is made up of mortgage-backed securities.
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what is the likely result for a country of rapidly increasing population and limited economic development?
More widespread poverty is the likely result for a country of rapidly increasing population and limited economic development.
Economic and social development is the process through which the economic well-being and quality of life of a country, region, local community, or an individual are enhanced in accordance with specific aims and objectives, according to the economics study of the public sector.
An improvement in a nation's wealth and standard of living is referred to as economic development. Improvements in productivity, literacy rates, and public education, for instance, are all effects of economic development in a nation. Land, labor, capital, and entrepreneurship are the four main drivers of economic growth.
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which group of attorneys for indigent clients is part of the system paid for and supported by tax dolalrs
Every person who is represented by a court-appointed attorney in California, including the Public Defender's Office, may be required to pay the County of Napa a registration fee of up to $25.
If you cannot afford to pay the registration fee, you will not be required to pay anything.
In New Jersey, how do you get a public defender?
A public defender may be available to anyone in New Jersey accused of an indictable offense (a felony) or disorderly conduct.Indigent individuals may also have access to a public defender in the following instances:Cases of juvenile delinquency.Drug cases in court.
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In 2015 (current year) the total GDP was $750, and in 2014 (base year) the total GDP was $625. What is the CPI in 2015?
a 1.20
b 120
c 120%
d 83.3
e 8.33%
How do most companies pay the current liabilities incurred by day-to-day operations?.
Most businesses use current assets to cover current liabilities incurred by ongoing operations.
How do most businesses handle their present liabilities?Commonly, current assets—assets that are depleted within a year—are utilized to settle current liabilities. Accounts payable, short-term debt, dividends, notes payable, and unpaid income taxes are a few examples of current obligations.
How are obligations settled?Either short-term or long-term agreements are used to pay off liabilities. The quantity of the debt normally determines how long it will take to pay off the burden; huge sums of money are typically borrowed under long-term plans.
Why is it crucial for a business to be able to cover its debts as they become due?Claims on assets are represented by liabilities. Debts must be settled as they become due or the entity runs the risk of losing its future access to credit or perhaps declaring bankruptcy. Organizations must be able to consistently produce enough income to cover their obligations if they want to remain viable.
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most people occupy many statuses at a particular point in time (e.g., student, son or daughter, employee, citizen). this list of statuses is known as the
Most people occupy many statuses at a particular point in time (e.g., student, son or daughter, employee, citizen). This list of statuses is known as the status set.
What is Status set?
A person's collection of social statuses is known as their status set. One can be a daughter, wife, mother, student, employee, churchgoer, and citizen, among other titles.
Robert K. Merton first used the phrase "status set" in 1957. He distinguished clearly between a "role set" and a "status set."
According to Merton, a society's status set is its set of statuses, whereas its role set is its set of duties.
When a person's statuses have both positive and bad effects on them, that circumstance is called status inconsistency.
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the text lists four benefits to effective materials management, including . (check all that apply.)
The article lists four advantages of good materials management, including The quality of the products and services is significantly influenced by purchasing.
Savings on purchases are crucial because a significant portion of the purchasing costs of producing a product goes toward the materials purchased. Superior customer service is ensured with the finished product when materials management materials are purchased from reputable vendors. Making early contact with the right suppliers can help with product design.
Supply chain planning and execution skills are part of the core functions of the supply chain, which are materials management. In particular, materials management businesses use the capability of materials management to schedule their total material requirements. For sourcing, purchasing procurement and other departments are informed of the material requirements. Along with creating material replenishment plans and figuring out the appropriate inventory levels to hold for each type of inventory, materials management is also in charge of deciding how much material needs to be deployed at each stocking location along the supply chain.
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if monopolists are able to produce fewer goods and sell them at a higher price than they could under perfect competition, the result will be
The two extremes of market structures are monopoly and perfect competition, but businesses in a perfectly competitive market and monopoly firms share some characteristics. Both deal with the same cost and production functions and aim to make as much money as possible.
What is a monopoly market?A market arrangement in which there is just one seller and only one type of goods available. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.
A company with a monopoly is one where its product is sold exclusively and there are no close substitutes. Unrestrained monopolies have the ability to set prices and exercise market power. Examples include Microsoft and Windows, DeBeers and diamonds, and your neighborhood gas provider.
A market system that possesses the traits of a true monopoly is referred to as a monopolistic market. When one supplier offers a specific commodity or service to lots of customers, there is a monopoly.
In a monopolistic market, the dominant corporation (or monopoly) controls the supply and prices by exerting its authority over the market.
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consider a relation r(a, b) with r tuples (or rows), all unique within r, let t represent the number of tuples in a selection of r. which of the following pairs of values (r, t) is possible?
Relation R(A,B) with r tuples, all unique within R, and a Relation S(B,C) with s tuples, all unique within S
A 1‑tuple is called a relation (or singleton), a 2‑tuple is known as an ordered pair or couple, and a 3‑tuple is referred to as a triple (or triplet). The number n can be any nonnegative integer.
case 1:
Relation R (A,B)
Let R has 2 tuple
A B
1 2
2 2
Relation S (B,C)
Let S has 3 tuple
B C
1 2
1 3
3 4
When we do a natural join over R and S , we get 0 Tuples.
Hence the minimum number of tuples =0
case 2:
Relation R (A,B)
Let R has 2 tuple
A B
1 2
2 2
Relation S (B,C)
Let S has 3 tuple
B C
2 2
2 3
2 4
When we do natural join over R and S
A B C
1 2 2
1 2 3
1 2 4
2 2 2
2 2 3
2 2 4
Total 6 tuples (2*3).
Relation R(A, B) with r tuples, all unique within R, and a Relation S(B, C) with s tuples, all unique within S
range of tuple = 0 to r*s
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in which way would the environmental protection agency enforce a ban on factory emissions if directed by the president? by issuing tighter emissions rules by firing polluting factory managers by communicating the plan to congress by obtaining support from the general services administration
By issuing tighter emissions rules the environmental protection agency enforce a ban on factory emissions if directed by the president.
What does environmental protection agency do?The Environmental Agency develops and implements environmental legislation, funds and research, and guards against serious health threats to people and the environment.
What authorities possesses the Environment Agency?Enforcing protection of the environment legislation is the responsibility of the Environment Agency. To ensure compliance, we strive to enforce laws in an efficient and effective manner. It helps us in our efforts to promote sustainable development and make cities and habitats better for people and wildlife.
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Suppose University Cereal operates in a monopolistic competition market and its cost and revenue curves are represented in the figure. Which of the following statements is true at the profit-maximizing production level?
Price
$10
MC
$9
$8
ATC
$7
$6
$5
$4
$3
$2
MR
$1
D
$0
0 10 20 30 40 50 60 70 80 90 100
Quantity
University Cereal is having a loss since its total cost exceeds total revenue and is in short-run equilibrium.
University Cereal is having zero profit since its total cost equals total revenue and is in the long-run equilibrium.
University Cereal is having positive profits since its total cost is less than total revenue and is in short-run equilibrium.
University Cereal is having a loss since its total cost is less than its marginal cost and is in long-run equilibrium.
The statement that is true at the profit-maximizing production level is B. University Cereal is having zero profit since its total cost equals total revenue and is in the long-run equilibrium.
How to illustrate the profit maximizing level?When the value of the last unit of product (marginal revenue) equals the cost of producing the last unit of production, a manager maximizes profit (marginal cost). Maximum profit is defined as the level of output at which MC equals MR.
Profit will be maximized where MR = MC because Universal Cereal operates in a monopolistically competitive market.
This happens for a quantity of 30 units, and the corresponding price (as determined by the demand curve) is $7.
The average price for 30 units is $7.
So, for Universal Cereal, total revenue equals total costs, it has zero profit, and it is profitable in the long run. In conclusion, the correct option is B.
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if demand is inelastic, the will bear more of the burden of the tax. a.) government b.) consumer c.) producer d.) unemployed
The correct answer is the option b consumers bear most of the tax burden.
The price at which the market is in equilibrium rises when taxes are imposed. Because of the higher price the buyer must pay and lower price the seller receives, this results in a tax wedge.
Therefore, both buyers and sellers are responsible for paying taxes. Depending on each person's elasticity, the weight will be divided differently.
Consumers will shoulder the majority of the cost if demand is more rigid. Producers will shoulder the majority of the burden if the supply is more rigid.
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a market in which the economies of scale are so great that the largest firm has the lowest costs and is able to drive out competitors is called a(n)
A market in which the economies of scale are so great that the largest firm has the lowest costs and is able to drive out competitors is termed as a natural monopoly.
If one business can serve a market more affordably than any combination of two or more enterprises, that market has a natural monopoly. A natural monopoly is a type of monopoly that typically arises as a result of high start-up costs or significant economies of scale associated with conducting business in a particular industry, which can result in a significant restrictions to entry for potential competitors.
It's possible for a business with a natural monopoly to be the sole supplier of a good or service in a given sector or region. In industries where the operation depends on specialized technology, raw materials, or other elements, natural monopolies may develop. One sort of monopoly that develops because of certain conditions is a natural monopoly.
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on october 1, pinnacle company signs a note for $360,000 to provide the funds needed to build a new facility. the note is due in 10 years, includes an annual interest rate at 7%, and requires semiannual interest payments each april and october. the journal entry to record the issuance of the promissory note should debit:
Cash and credit Notes Payable for $360,000.The amount that the lender charges the borrower over and beyond the principal amount is referred to as the interest rate.
What is interest rate?
A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.
Interest rates on loans and deposits may vary depending on the goal and recipient of the funds. The amount of interest on a loan that has already accrued but has not yet been paid by the borrower or received by the lender is recorded using an accrued interest journal entry. The interest earned on unpaid bills during a specific financial term is known as accrued interest.
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The question was incomplete. Check below the complete question.
On October 1, Pinnacle Co. signs a note for $360,000 to provide the funds needed to build a new facility. The note is due in 10 years, includes an annual interest rate at 7%, and requires semiannual interest payments each April and October. The journal entry to record the issuance of the promissory note should debit:
A. Notes Payable for $360,000, debit Interest Expense for $25,200, credit Cash for $360,000, and credit Interest Payable for $25,200.
B. Cash and credit Notes Payable for $360,000.
C. Cash for $360,000, debit Interest Expense for $25,200, credit Notes Payable for $360,000, and credit Interest Payable $25,200.
D. Accrued Interest and credit Cash for $25,200.
assume that the new zealand inflation rate is higher than the u.s. inflation rate. this will cause u.s. consumers to
The New Zealand inflation rate being higher that the US inflation rate will cause US consumers to increase their imports from New Zealand and New Zealand consumers to reduce their imports from the United States.
What is the definition of inflation?Inflation is defined to be the rate of increase in prices over a given period of time. Typically, inflation is a broad measure, such as the increase in the cost of living in a country or the overall increase in prices. However, it can also be more narrowly calculated—for certain goods, such as electronics, or for services, such as a wedding organizer, for instance. Inflation, whatever the context, represents how much more expensive the relevant set of goods and/or services has become over a certain period.
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which one of the choices below best describes an expansionary fiscal policy? group of answer choices government spending increases, taxes increase government spending increases, taxes decrease government spending decreases, taxes increase government spending decreases, taxes decrease
Option B best describes the expansionary fiscal policy: government spending increases, taxes decrease.
Tax reductions and greater public spending are the two main manifestations of expansionary fiscal policy. Both of these measures aim to boost overall demand while reducing budget surpluses or adding to deficits. When Congress increases tax rates or reduces government spending, the aggregate demand is shifted to the left. This is known as a contractionary fiscal policy. Thus, option B marks the correct choice.
To achieve macroeconomic policy goals, fiscal policy can be defined as changes in government spending and taxes. Fiscal policy is governed by the federal government.
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markov manufacturing recently spent $15 million to purchase some equipment used in the manufacture of disk drives. the firm expects that this equipment will have a useful life of five years, and it will be worthless afterwards. assume the marginal corporate tax rate is 35%. if the company plans to use straight-line depreciation, what is the annual depreciation tax shield?
The annual depreciation tax shield is $1050000 of the equipment
The value of an asset is equally decreased over each period with the straight-line depreciation method until it reaches its salvage value. The most popular and simple depreciation method for dividing up the cost of a capital asset is straight line depreciation. It is determined by merely dividing the asset's cost, less its salvage value, by its useful life.
Computing the annual depreciation:
Annual depreciation = (Cost - salvage value)/useful life
= 15000000/5 = $30,00,000
Computing the tax shield as follows:
Annual depreciation tax shield = Annual depreciation*Tax rate
= 3000000*35%
= 3000000*0.35 = $1050000
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Emil borrowed money so he would be able to afford to add a screened-in porch to the back of his house. When he applied for the loan, the rate on the loan was very low based given the current market trends. Over the following months, however, the market fluctuated a great deal, and suddenly he was faced with higher rates for the same loan. Which type of financial risk did emil face?.
Emil applied for the loan, and due to the market fluctuation, suddenly he faced higher interest rates for the same loan. Emil faced interest rate risk.
Interest rate risk refers to a decrease in the value of an asset due to fluctuations in interest rate. Any change in the overall interest rate will reflect on the value of the asset or bond or any other fixed-rate investment. A rise in interest rate will decrease the price of the asset and vice versa.
In the case of Emil, his loans did not have a fixed rate which resulted in expensive borrowing for him. To prevent interest rate risk, it is beneficial to take loans with fixed-rate interest so that the rate does not fluctuate with the changes in the market and economy.
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the forward rate of the swiss franc is $.50. the spot rate of the swiss franc is $.48. the following interest rates exist: you need to purchase sf200,000 in 360 days. if you use a money market hedge, the amount of dollars you need in 360 days is: a. $92,307. b. $96,914. c. $98,770. d. $101,904. e. $101,923.
If you use a money market hedge, the amount of dollars you need in 360 days is $96,914. Hence, option B is correct.
What is forward rate?A forward rate is the settlement price for a transaction that won't take place until a later time. The bond market uses the phrase "forward rate," which is determined using the relationship between interest rates and maturities, to refer to the effective yield on a bond, often U.S. Treasury bills.
A forward rate is the interest rate that will be applied to a loan or investment made in the future. The forward rate is a crucial tool for predicting future interest rates and safeguarding against changes in those rates.
Thus, option B is correct.
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the distinction between real and nominal variables is known as group of answer choices classical dichotomy forex fluctuations time horizon operational liquidity
The distinction between real and nominal variables is known as Classical dichotomy.
What is dichotomy?The difference between two diametrically opposed ideas or things: There is often a dichotomy between what politicians say and what they do. Compare. duality form. Splitting Two Completely Different Things: I try to explore the dichotomy of what people think of themselves and what they do. The classical dichotomy relates to the idea that real variables such as output and employment are independent of monetary variables. From this perspective, the primary function of money is to act as a lubricant for the efficient production and exchange of commodities. The classical dichotomy tells us that changes in the money supply affect neither the velocity of money nor the level of output. Therefore, every change in the growth rate of the money supply manifests itself 1:1 as a change in the rate of inflation.To learn more about dichotomy from the given link :
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Which three ratios are used to mathematically produce the return on equity ratio? select all correct answers.
Net profit margin, Asset Turnover, and Equity multiplier are the three ratios that are used to mathematically produce the return on equity ratio.
What is Return on Equity Ratio?
A measure of financial performance known as return on equity (ROE) is obtained by dividing net income by shareholders' equity. ROE is referred to as the return on net assets since shareholders' equity is determined by subtracting a company's debt from its assets.
The DuPont Corporation developed the DuPont analysis, a framework for evaluating fundamental performance. DuPont analysis is a practical method for breaking down the various factors that affect the return on equity (ROE).
The basic DuPont Analysis
Return on equity= (Net Income/Revenue)×(Sales/Total Assets)×(Total Assets/Equity)
So mathematically return on equity includes three ratios which are net profit margin, Asset Turnover, and Equity multiplier.
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Exports only account for a small percentage of u. S. Business for which two reasons?.
deshaun needs a(n) _________ strategy to ensure that customers have a unified experience when communicating with the company through the website, by phone, or face-to-face with sales representatives.
Deshaun needs a digital side strategy to ensure that customers have a unified experience when communicating with the company through the website, by phone, or face-to-face with sales representatives.
What is digital strategy?A digital strategy can be described as the roadmap to achieving digital transformation.
It should be noted that it helps to establish a good communication between the company as well as the customers because this strategy helps to covers everything in business plan that requires digital technology.
In conclusion, this entails the use of channels as well as research, assets, platforms.
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an early strategic commitment to large-scale entry may mean that a firm can benefit from what three things? (check all that apply.)
Companies wishing to expand internationally must make three basic decisions: Which markets to enter, when to enter those markets, and to what extent.
Agarwal and Ramaswami (1992) presented the factors that determine the choice of a particular method of access to foreign markets, which he divided into three categories. Company ownership advantages, market location advantages and internalization advantages in integrated trading. Massive market entry means fast entry and offers first-mover advantages such as: Starting small allows you to learn the market better and build your company gradually while limiting your exposure to the market.
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benjamin retired at age 62 and began to collect social security benefits. after a year of playing 3 rounds of golf a day, ben is a bit bored and decides to go back to work part time. in 2021 (when benjamin is age 63) he earns $28,960 at his part time job. his social security benefit before any adjustments for 2021 is $18,000. what will his actual social security benefit be for 2021?
13,000 will be his actual social security benefits be for 2021. Benjamin has earned $25,720 at his part time job.
The total age retirement is 66 for Benjamin. So we can understand that he is not at the full age retirement and continued his working in 2015. Benefits from Social Security are payments paid to eligible retired adults, disabled individuals, and their spouses, children, and survivors. An extensive federal benefits programme, Social Security—officially known in the United States as the Old-Age, Survivors, and Disability Insurance (OASDI) program—is created to partially replace income for retired adults and their spouses, people who have lost a spouse or a qualifying ex-spouse, and people with disabilities. It also provides assistance to the beneficiaries' children under certain circumstances.The maximum benefit is based on your retirement age. For illustration, if you reach full retirement age in 2022 and decide to retire, your maximum benefit will be $3,345. However, your maximum benefit would be $2,364 if you retired at age 62 in 2022. The maximum benefit you could receive in 2022 if you retired at age 70 would be $4,194.
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