For questions 1-10, fill in the blank with the letter of the term or description that best matches

the term.

descriptions:

a. the amount of an employee's income that an employer sends directly to the federal, state, or local

tax authority

b. taxes, insurance, and saving plans deducted from a paycheck

c. provides a summary of the payroll information for each pay period

d. commission, hourly rate, and salary

e. fee paid for providing a service, usually as a percentage of the total amount of the business

transacted

f. social security, medicare, federal, and state taxes

g. type of payment where an employee is only paid for the hours worked

h. health insurance, retirement plans, life insurance, and stock purchase plans

i. a payment amount that is paid yearly, and is then divided into weekly, biweekly, or monthly

payments throughout the year

j. deductions that are untaxed

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

If you were running a company, what are at least two things you could do to improve its productivity.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2