Read accounting scenario and respond to the question
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Order Paper NowRead the scenario and respond to the question below.
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*** Ford Motor Company is adding over 2,000 new jobs in their Claycomo Assembly Plant. The average wage will be $20 per hour. These wages would have a 6% Individual State Income Tax Rate per year. In addition, there would be a 1% state unemployment tax rate. The Ford plant is in Clay County where they pay $6,000,000 a year in corporate property taxes. New equipment would be added to the plant. This would raise the property taxes another $1,000,000 annually.
Now, every state and country in the U.S. wants these jobs.
Question: As the Missouri State Treasurer, how much are you going to give Ford to put those jobs here? How long of a commitment for those jobs would you consider?
