To do so, we have to subtract from the total labor force the employed persons and eliminate groups that do not qualify as unemployed based on the definition given above. Provided Figures Using these figures and the unemployment rate formula, we can now calculate the unemployment rate of Country...
Part of the Series Guide to Unemployment The unemployment rate is one of the most closely followed indicators used by businesses, investors, and others to gauge the state of the U.S. economy. Investor sentiment and consumer confidence have strong inverse relationships with the...
The federal Fair Labor Standards Act usually requires employers to compensate employees for overtime pay at a blended rate when the employee receives two or more different rates of pay for the same employer. A blended rate can apply to anyone who receives multiple rates of pay, such as a ...
Here’s how you calculate the FUTA tax for this company:State unemployment taxes: $8,000 x 0.027 = $216 per employee $216 x 10 employees = $2,160 Federal unemployment taxes: $7,000 x 0.060 = $420 $420 x 10 employees = $4,200 The company doesn’t have to pay the full federal ...
Once the CPI of two different periods is ascertained, one can compare the current CPI to the prior CPI to calculate the rate of inflation, using this formula: Inflation Rate = Current CPI − Prior CPI / Prior CPI 3 Ways Inflation Is Related to GDP Gross domestic product (GDP) is one ...
You can calculate unemployment compensation. Image Credit:Marko Geber/DigitalVision/GettyImages The Commonwealth of Massachusetts indicates that workers can expect to receive somewhere around 50 percent of their average weekly earnings as unemployment compensation if they lose their jobs. Your employer must...
Federal and state corporate income taxes have changed over the years. You'll need to know what the rules are when filing your taxes before calculating your tax rate.
How to Calculate Growth Rates Growth rates can be calculated in several ways, depending on what the figure is intended to convey. A simple growth measurement simply divides the difference between the ending and starting value by the beginning value, or (EV-BV)/BV. Theeconomic growth of a cou...
Related to this Question How do you calculate real GDP? How to calculate real GDP if we only have the quantity and price of three products? How do we know that calculating GDP by the expenditure approach yields the same answer as calculating GDP by the income approach?
Step 1: Calculate- How Much has the Consumer Price Index Increased? By looking at the above example, common sense would tell us that the index increased (it went from 100 to 198). The question is how much has it increased? To calculate the change we would take the second number (198)...