A Michigan Company Consists of Three Subsidiaries

question 105

Essay

A Michigan company consists of three subsidiaries.Each has the respective average payroll,unemployment reserve fund,and estimated payroll shown in the table below (all figures are in millions of dollars).Any employer in the state of Michigan whose reserve to average payroll ratio is less than 1 must pay 25% of its estimated payroll in unemployment insurance premiums.Otherwise,if the ratio is at least one,the employer pays 13%.The company can aggregate its subsidiaries and label them as separate employers.For example,if subsidiaries 1 and 2 are aggregated,they must pay 25% of their combined payroll in unemployment insurance premiums.Determine which subsidiaries should be aggregated.

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Definitions:

Surveys

Surveys are research methods that collect data from a predetermined group of respondents to gain information and insights on various subjects.

Evolutionary Theory

A scientific theory that proposes species change over time through processes like natural selection and genetic drift, explaining the diversity of life on Earth.

Biologically Based Drives

Innate urges stemming from biological needs, such as hunger, thirst, and the desire for sexual activity.

Longitudinal Research

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time.