The total amount of deductions from an employee’s gross pay is $97.45. if the gross pay is $423.70, what percent of their gross pay is being withheld?

22.9%

Explanation:

Gross wage is the nominal wage, ie the wage agreed in the employment contract before deduction of fees. In this case, the gross salary is $ 423.70. The net salary will be the gross salary amount less the total tax: $ 423.70 - $ 97.45 = $ 326.25. This will be the amount the employee will have available to use.

To find the deduction percentage from the nominal value, simply divide the deduction amount by the gross value. Then you must multiply the result by 100 to find the percentage.

($ 97.45 / $ 423.70) * 100 = 22.9%

The percentage of gross salary withheld from deductions was 22.9%.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.