Read accounting scenario and respond to the question

Dec 8th, 2015
Business & Finance
Price: $30 USD

Question description

Read the scenario and respond to the question below.  


*** Ford Motor Company is adding over 2,000 new jobs in their Claycomo Assembly Plant. The average wage will be $20 per hour. These wages would have a 6% Individual State Income Tax Rate per year. In addition, there would be a 1% state unemployment tax rate. The Ford plant is in Clay County where they pay $6,000,000 a year in corporate property taxes. New equipment would be added to the plant. This would raise the property taxes another $1,000,000 annually.

Now, every state and country in the U.S. wants these jobs. 

Question: As the Missouri State Treasurer, how much are you going to give Ford to put those jobs here? How long of a commitment for those jobs would you consider?

Tutor Answer

(Top Tutor) Daniel C.
School: UIUC

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