Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash tips of $445 that he received during April were reported on Form 4070, which he submitted to his employer on May 1. During May, he was paid wages of $780 by the restaurant. Compute OASDI and HI; round your answers to the nearest cent. a. The amount of FICA taxes that the employer should withhold from Sherm's wages during May.

b. The amount of the employer's FICA taxes on Sherm's wages and tips during May.

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)