If Congress wanted to lower inflation and unemployment at the same time, it would most likely increase the international value of the dollar. increase spending on public works projects across the United States. decrease personal income taxes. pay subsidies to businesses that increase economic investment and provide increased training and education to their workers. decrease welfare payments to the working poor.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.