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Use the following to answer question(s) : Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves.In this market, following the adjustment shown:
Social Security Credit
Based on total wages and self-employment income during the year; the amount of earnings it takes to earn a credit changes each year; in 2009, a person had to earn $1,090 in covered earnings to get one credit; people born after 1929 need 40 credits in their lifetime to qualify for Social Security benefits.
Earnings
The amount of profit that a company produces during a specific period, indicating the financial performance.
401k Plan
A retirement savings plan offered by many American employers, allowing employees to save and invest a piece of their paycheck before taxes.
Employer's Contribution
Money that an employer adds to an employee's benefits, such as a retirement plan or health insurance.
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