Need Help with a business question about social Security premiums

Anonymous
timer Asked: Nov 6th, 2015
account_balance_wallet $5

Question Description

Social Security premiums explain how it influences staffing.

Tutor Answer

ipesuni
School: Duke University

Thank you for the opportunity to help you with your question!

Increased staffing leads to increase in the cost of social security premium .When employing a new employee the companies must not only count the wages of the employee but also the cost of the employer contribution to the social security fund .Thus government requirement of social security has a huge impact on employer's ability to adequately staff.Thus in this way we can say that it influences staffing.

Also,social security premiums may influence staffing because certain jobs are not required to pay social security. If one is an independent contractor and works from home, they will pay the IRS money, but not social security. 

--Thanks-----------

:)

Please rate my answer so that I can help you further in the future.

flag Report DMCA
Review

Anonymous
awesome work thanks

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors