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Q: What is allocatable surplus under the payment of bonus act?
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When was the last time there was a federal surplus?

The last federal surplus was in 2000-2001 under the Bush administration.


How do you find the value of producer surplus under a single price monopoly?

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Enumerate the ways in which nation can overcome an unfavorable balance of trade?

improve technology is one


True or False If a local Christmas tree farmer is earning a producer surplus on each Christmas tree he sells then his customers cannot enjoy any consumer surplus on the Christmas trees they buy?

False. It depends on the price consumers are willing to pay for the producer's Christmas tree. For example, if the producer is willing to sell his tree at $3 but the market price is $5, then the surplus for the producer is $2. Say, a consumer is willing to buy the tree at $15, then the consumer surplus us $10. Remember that the consumer surplus is the are under the demand curve and above the horizontal line passing through the equilibrium price. As long as this area exists, then it is possible for consumers to enjoy a consumer surplus.


Critically examine the concept of consumer's surplus?

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price for the product). The level of consumer surplus is shown by the area under the demand curve and above the ruling market price as illustrated in the diagram below:

Related questions

What Ex gratia is providable out of Bonus?

Hi Bonus and Ex Gratia are two different payments. Bonus is a statutory payment under the Act, whereas Ex Gratia is purely voluntary. It follows that Ex Gratia is not included with the payment of Bonus, but is payable at the discretion of management in addition to or even in the absence of bonus.


What is allocable surplus?

According to Payment Of Wages Act 1965, Allocable Surplus means; In relation to an employer, being a company (other than a banking company) which has not made arrangements prescibed under Income Tax Act for the decalration an payment of dividend in accrdance with section 194 of that Act, 67% of such available surplus in an accounting year.In any other case 60% of such available surplus.


When was the last time there was a federal surplus?

The last federal surplus was in 2000-2001 under the Bush administration.


What are the conditions under which surplus may exist?

The wet and cold weather conditions.


What were the January 2013 Wheel of Fortune Bonus Puzzles Answer?

The answers are the bonus puzzles and after the show has aired they are listed under the related question


If a labor saves half of time of the standared time the incentive amount under Halsey plan and Rowan plan will be equal?

Bonus - Under Halsey plan the bonus increases steadily with increase in efficiency. But in Rowan plan the bonus increases up to a certain point and starts declining thereafter. Rowan plan provides better bonus than Halsey plan till the work is completed in half the standard time. When the work is completed in exactly half the standard time, the bonus is the same under both the plans. When the work is completed in less than half the standard time, bonus is greater under Halsey plan.


What congress under harrison spent a huge surplus?

It was called the "Billion Dollar Congress"


Where and under which heading is the unclaimed dividend disclosed in the balance sheet of the company?

reserves surplus


What are the conditions under which surplus moisture may exist?

The wet and cold weather conditions.


What were the the World War 1 veterans called that went to Washington DC in 1932?

They were called the "Bonus Army" when they marched to Washington in 1932 to press for immediate payment of the bonuses granted them under a 1924 act (the World War Adjusted Compensation Act). Although the bonuses were not to be payable until 1945, many veterans were put out of work by the Great Depression, which began in 1929, and wanted their payments early. They were evicted from their camps by the army, but in 1936 many were granted payments by Congress.


What were the July 2013 Wheel of Fortune bonus luzzles?

See What were the July 2013 Wheel of Fortune bonus puzzles? Under related questions


What are the bonus answers for December 2012?

If you mean the Wheel of Fortune Bonus Puzzles for December 2012 they can be found only under the related question at this site