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Three employees believe that their pay is too low.One of them quits, the second complains to management about the low pay, and the third does nothing.Explain why these employees engaged in different behaviors even though they held the same beliefs about their pay checks.
On Jul 25, 2024
(Note: This question is rated as 'Difficult' because some of the points in this answer are not explicitly described in the textbook.However, more advanced students should be able to infer the answer through logic and available information on this topic.)
To answer this question, we must consider the emotions, attitudes, and behavior model as well as the contingencies that redirect individuals at each link in the model.First, while three people may hold the same beliefs about the attitude object, their feelings towards the characteristic of that belief may differ.In our incident, the two employees who complained and quit probably have a very strong positive feelings towards a high pay checks (or, conversely, a negative feeling towards a low pay checks) whereas the third person might have more neutral or less intense feelings about pay.The result is that the three people may develop different degrees of dissatisfaction with the pay they receive.
Even if all three people developed the same feelings towards pay, they may develop different intentions.Behavioral intentions are formed from past experiences.The person who complained may have found this to be a better strategy than simply quitting, whereas the person who quit may have had an unsatisfactory past experience with trying to change anything in the company.The employee who did nothing may have found it more palatable to simply withdraw from the situation (neglect in the EVLN model) or change the comparison other if the perceived low pay level is based on an equity comparison process.
Finally, people with the same beliefs, feelings and intentions may act differently due to unique situational factors.For example, all three people may have intended to quit their jobs, but only one (the employee who actually did quit) was given a satisfactory job offer elsewhere.The person who complained and the person who did nothing may have searched for employment elsewhere but found no suitable job offers.
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Assume a taxpayer is qualified to receive a premium tax credit.Explain how to calculate the amount of the credit.
On May 21, 2024
The premium tax credit is equal to the lesser of:
• The premium for the insurance obtained from the Marketplace
• The premium for the applicable second lowest cost silver plan (SLCSP)minus the taxpayer's contribution amount.
The Marketplace premium amount and the SLCSP amount are provided to the taxpayer on a Form 1095-A provided by the Marketplace.
The taxpayer's contribution amount is determined with reference to an IRS Table (provided in Appendix B to Chapter 9).The taxpayer must first determine a percentage calculated as:
[Taxpayer household income/the Federal Poverty Level for the applicable family size]
Using that percentage,the taxpayer obtains the applicable figure from the IRS Table (in Appendix B to Chapter 9).The applicable figure is multiplied by the taxpayer's household income to determine the taxpayer's contribution amount.The contribution amount is subtracted from the SLCSP premium.