According to a summary of the payroll of Sinclair Company,$505,000 was subject to the 6.0% social security tax and $545,000 was subject to the 1.5% Medicare tax.Also,$10,000 was subject to state and federal unemployment taxes. 
Definitions:
Objective Environment
The actual, measurable elements in an environment, independent of personal feelings or interpretations.
Strategy Formulation
The development of long-term plans and policies to achieve specific objectives and to manage the direction of a company or organization.
Specific Tasks
Particular jobs or duties assigned to an individual or team.
Differentiation
The process of distinguishing a product, service, or business in the market through unique features, benefits, or attributes, making it stand out from competitors.
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