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A 9 W LED lamp produces light at an intensity comparable to a 60 W incandescent bulb. If the lifetime of the bulb is 30,000 hours and electricity costs per , what is the total savings in energy costs over the life of the LED?
(b) If the LED is used an average of 5 hours per day, how long will it take to realize these savings? What is the average savings per day?
FICA
Stands for Federal Insurance Contributions Act, specific U.S. legislation that funds Social Security and Medicare through payroll taxes.
Seller Bears
Refers to situations where the seller is responsible for any additional costs or risks associated with a transaction.
FICA Tax
A U.S. federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.
Burden Falls
An economic term referring to how the costs or economic burdens of a policy, tax, or regulation are distributed among various stakeholders.
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