calculate the social security and medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for social security and 1.45% for medicare): cumulative earnings 408900 6400
Answers
The following employee will pay $95.7 in social security and Medicare deductions.
tax rate of 6.2% on 128,400 for social Security and 1.45% for Medicare Social Security tax-
It is $0 because the cumulative exceeds the maximum wage limit Social Security security = $0
Medicare tax
6,600X 1.45% = 6,600X 1.45/100
Medicare tax = $95.7
The Social Security tax is the tax that the U.S. government imposes on both employers and employees to pay for the Social Security program. The Federal Insurance Contributions Act (FICA) requires employers to collect a payroll tax, and the Self-Employed Contributions Act requires employers to collect a self-employment tax.
Millions of Americans receive retirement, disability, and survivorship benefits each year through the Old-Age, Survivors, and Disability Insurance (OASDI) Program, which is the official name for Social Security. These benefits are paid for by the Social Security tax.
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Related Questions
define ecommerce in business with example
Answers
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.
A supervisory body, a source of public good, and an entity that reallocates income are all _____. roles of an entrepreneur roles of government things a government is not responsible for things an entrepreneur is responsible for
Answers
Answer:
roles of government
Explanation:
Francisco's credit card has an APR of 13%, calculated on the previous
monthly balance, and a minimum payment of 2%, starting the month after the
first purchase. His credit card record for the last 7 months is shown in the
table below.
End of
month
2
3
4
5
6
Previous
balance
$0.00
$5200.00
$5152 33
$5105.10
$5058.31
$5011.94
$4966.00
New
charges
$5200.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Payment
received
50.00
$104.00
$103.05
$102.10
$101.17
$100.24
$99.32
Finance
charges
$0.00
$56.33
$55.82
$55.31
$54.80
$54.30
S53.80
Principal
pald
$0.00
$47.67
$47.23
$46.80
$46.37
$45.94
$45.52
New
balance
$5200.00
$5152 33
$5105.10
$5058.31
$5011.94
$4966.00
$4920.47
7
How much of the $5200 charge that Francisco made during the first month
has been paid off?
Answers
Answer:
$279.53
Explanation:
The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:
Principal paid =
$47.67+$47.23+$46.80+$46.37+$45.94+$45.52
=$279.53
Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.
Answer:
$279.53
Explanation:
a pex
if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month
Answers
How many days does the pay stub cover?
Answers
Answer:
Pay stubs are usually an extent of 30 days which is a month.
Last year Frank had a total income of $58,800. He sold a house and made a profit of $27,940. He also had monthly income of $80 from investments. Assuming Frank works 25 hours per week and 52 weeks per year as an hourly employee, how much more an hour would Frank had to have earned last year in order to have a total income of $59,970?
Answers
Income from home sales+income from investment=29030
Working hour for I week is 25
For 54weeks=
54*25=1350hours
To know the hours to earn 59970 per year=59970/13503
ski incorporated owns 30 percent of snow incorporated, both of which are domestic c corporations. snow pays ski a dividend of $20,000 in 2022. what is the amount of ski's dividend's received deduction, assuming the taxable income limitation does not apply?
Answers
This point is also known as the point of minimum efficient scale.
What is efficient scale?Efficient scale is the concept of achieving output levels of production at the lowest cost possible. It involves using the optimal combination of resources and materials to maximize production efficiency. This includes the amount of labor, the number of machines, and the type of materials used. By achieving efficient scale, companies can reduce costs and increase profits, while still providing consumers with the products they need. Additionally, efficient scale can lead to greater sustainability in both production and consumption, as it reduces waste and energy consumption.
At this point, the firm will be producing the lowest possible cost per unit of output, as the marginal cost of production is equal to the average total cost. This will maximize the firm's profits in the short-run.
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Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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Finding a place to live in Mumbai, India, has been getting harder these days for people who are not vegetarians. Vegetarianism is a centuries-old custom among the Indian population, but the requirement is becoming more obvious as non-vegs are being segregated from vegs. This is important consumer information to a McDonald's franchisee and reflects how __________ shapes consumer behavior.
Answers
Answer:
Geographic segmentation
Explanation:
Geographic segmentation can be defined as the way in which the customers you serve in a particular area has different preferences or desire based on where they are located and Its also involves the grouping of potential customers by either country, state, city or neighborhood.
Geographic segmentation is a marketing reason been that GEOGRAPHIC SEGMENTATION target products to people who live or shop in a specific location and also help to group these customers based on where they live.
For example a Shoe manufacturing company who decide to target their customers who live in warm climates where shoes don't need to be equipped for the snowy weather in which the marketing platform might decide to focus their marketing efforts around either the urban area or the city centers where their target customer is likely to work.
Therefore based on the information given This is important consumer information to a McDonald's franchisee and reflects how GEOGRAPHIC SEGMENTATION shapes consumer behavior.
According to Keynesian theory, what is the most important determinant of households' spending on goods and services
A) Autonomous consumption
B) Government spending
C) The price level
D) The interest rate
E) Disposable income
Answers
Managing negative feelings is__
a. A process
b. A hierarchy
c. An emotion
d. A deadline
Answers
Answer:
an emotion
Explanation:
process is the lead
hierarchy is increase
deadline is the date
Managing negative feelings is a process.The correct option is a.
It takes a variety of coping mechanisms and individualized approaches to effectively manage unpleasant emotions. It entails identifying and expressing negative emotions, comprehending their underlying causes, and implementing constructive coping strategies. This procedure might involve introspection, asking for help from others using relaxation techniques, exercising or getting professional assistance.
Individuals can improve their emotional resiliency, mental health and overall life satisfaction by actively addressing negative emotions. It is critical to understand that controlling unpleasant emotions is a continuous and dynamic process because feelings can change depending on the situation and one's experiences. Greater emotional intelligence and improved mental health can result from learning effective emotional management techniques.
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The rate at which a business increases revenue from sales is
Answers
Answer:
There are only four ways to increase revenue in your business: increase the number of consumers, increase the average transaction size, increase the frequency of transactions per client, and raise your rates.
Explanation:
Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and ended up after expenses with only $225,000. Their percentage of loss on the sale was:
Answers
Answer:
18%
Explanation:
Original cost: $275,000
Selling price: $225,000
Loss: $50,000
50,000/275,000=0.18
0.18x100=18%
:)
The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a debit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Interest Expense and a credit to Premium on Bond Payable a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash a debit to Bonds Payable and a credit to Interest Expense
Answers
Answer:
a debit to interest expense and premium on bonds payable and a credit to cash
Explanation:
Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH
Debit Interest expense
Debit Premium on bonds payable
Credit cash
(To record the amortization of premium on bonds payable on an interest payment date)
in a specific market, key technology no longer has patent protection, experience is not an advantage, and there is a growing need to compete on price. what stage of its life cycle is this market in? group of answer choices introduction growth maturity decline
Answers
Introduction: Introduction is the first stage in a product life cycle. In this stage, a new product is introduced in the market. During this stage, the product is not well known, and there is not much competition.
Customers are not aware of the product, so the company has to spend a lot of money on advertising and promotion. Growth: Growth is the second stage in the product life cycle. During this stage, sales and profits start to increase, and the company makes more money. The product becomes more popular, and there are more customers. The company has to keep up with the increasing demand, and it may have to expand production. Maturity: Maturity is the third stage in the product life cycle. During this stage, sales and profits start to level off, and the product reaches its peak. The product is well known, and there is a lot of competition. Companies start to compete on price, and the company has to focus on customer loyalty. Decline: Decline is the fourth and final stage in the product life cycle. During this stage, sales and profits start to decline, and the product becomes less popular. The product is no longer profitable, and the company may have to discontinue it. In a specific market where key technology no longer has patent protection, experience is not an advantage, and there is a growing need to compete on price, the market is in the maturity stage. In the maturity stage, there is a lot of competition, and companies start to compete on price. Customers are familiar with the product, and the company has to focus on customer loyalty. The company has to differentiate its product from its competitors and offer better value for money to attract and retain customers.
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the receiving department has three activities: unloading, counting goods, and inspecting. unloading uses a forklift that is leased for $20,500 per year. the forklift is used only for unloading. the fuel for the forklift is $4,500 per year. other operating costs (maintenance) for the forklift total $1,750 per year. inspection uses some special testing equipment that has depreciation of $2,500 per year and an operating cost of $1,750. receiving has three employees who have an average salary of $30,000 per year. the work distribution matrix for the receiving personnel is as follows: activity percentage of time on each activity unloading 40% counting 25% inspecting 35% no other resources are used for these activities. required: 1. calculate the cost of each activity. line item description amount unloading $fill in the blank 1 counting $fill in the blank 2 inspecting $fill in the blank 3 2. explain the two methods used to assign costs to activities. when the resource is used only by one activity, then fill in the blank 1 of 2 is possible. when the activities are shared, as in the case of labor, then fill in the blank 2 of 2 must be used.
Answers
The cost of each activity is $26,750, $7,500 and $4,250. Activity-based costing assigns the costs of resources to activities based on the amount of resources used by the activity.
1. Calculate the cost of each activity:
Unloading: $20,500 + $4,500 + $1,750 = $26,750
Counting: $30,000 x 25% = $7,500
Inspecting: $2,500 + $1,750 = $4,250
2. Explain the two methods used to assign costs to activities:
When the resource is used only by one activity, then direct allocation is possible. When the activities are shared, as in the case of labor, then activity-based costing must be used.
Activity-based costing assigns the costs of resources to activities based on the amount of resources used by the activity.
In this example, the labor costs are distributed based on the percentage of time spent on each activity (e.g. 40% for unloading, 25% for counting, 35% for inspecting).
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Chance wants to know how big his income is for supporting his assets and relative to his net worth. what should he look at?
Answers
Once Chance has gathered this information, he can compare his income to his expenses, assets, and net worth to get a clear understanding of how big his income is in relation to supporting his assets and relative to his net worth
1. Income: Chance should start by examining his total income. This includes all the money he earns from various sources, such as salary, investments, and any other forms of income he may have. 2. Expenses: Next, Chance should calculate his total expenses. This includes all the money he spends on bills, rent or mortgage payments, groceries, transportation, and other necessities. It's important for him to understand how much he is spending each month. 3. Assets: Chance should also take into account his assets.
These are the valuable possessions or properties he owns, such as real estate, vehicles, investments, or any other valuable items. He should assess their current value and potential income they generate.
4. Net Worth: Net worth is the difference between a person's assets and their liabilities (debts). To understand how big his income is relative to his net worth, Chance needs to calculate his net worth by subtracting his liabilities from his assets.
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what is the difference between the turbo button and the victim button
Answers
turbo victim: A button inside your head and heart. You press it any time you give away the power you have to change your life
3. you are given the following information about 3 tasks in a project during the first month of a 4 month project which is planned to cost $30,000. tasks planned earned actual a 400 400 400 b 600 600 600 c 1500 1500 1100
Answers
In the first month of the 4-month project, the actual costs incurred for tasks A, B, and C were $400, $600, and $1,100 respectively. The project was initially planned to cost $30,000.
During the first month, the planned costs for tasks A, B, and C were $400, $600, and $1,500 respectively, and the earned values were also $400, $600, and $1,500. Based on this information, it can be observed that the project is currently behind schedule in terms of task C, as the actual cost for that task is lower than the planned cost and earned value. Additionally, the overall project cost can be calculated by summing up the actual costs for all tasks.
However, more information is needed to determine the project's progress and its financial status compared to the planned budget.
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In the first month of the 4-month project, the actual costs incurred for tasks A, B, and C were $400, $600, and $1,100 respectively. The project was initially planned to cost $30,000.
During the first month, the planned costs for tasks A, B, and C were $400, $600, and $1,500 respectively, and the earned values were also $400, $600, and $1,500. Based on this information, it can be observed that the project is currently behind schedule in terms of task C, as the actual cost for that task is lower than the planned cost and earned value. Additionally, the overall project cost can be calculated by summing up the actual costs for all tasks.
However, more information is needed to determine the project's progress and its financial status compared to the planned budget.
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which type of damages would occur if the parties specify in advance the amount of losses or a formula
Answers
Answer:
it could damage the country
The fixed costs of doing business include
Answers
Answer:
Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.
Explanation:
in about 100 words explain who owns, controls and is responsible for any debt, in a sloe proprietorship and in a partnership.
Answers
Legally, sole proprietors bear unlimited responsibility for all business debts. Their assets, both personal and business, are at risk.
Who is the sole proprietor of a business?A sole proprietor is a person who owns an unincorporated business on their own. However, if you treat a domestic limited liability company (LLC) as a corporation, you will not be treated as a sole proprietor even if you are the LLC's sole member.
The term "limitless obligation" refers to the full legal liability that business partners and entrepreneurs anticipate for all business obligations. This chance isn't covered, and responsibilities can be paid through the seizure and proposition of owners' own special assets, which isn't equivalent to the renowned confined liability business structure.
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Sarah receives a semi-monthly salary of $933.20 and works a regular workweek of 40 hours. A. What is Sarah's hourly rate of pay? 5 marks b. If Sarah's gross earnings in one pay period were $1090.19, for how many hours of overtime was she paid at time and one-half regular pay
Answers
Answer:
$10.7677
9.72 hours
Explanation:
Given the following :
Semi-monthly salary = $933.20
Work hours per week = 40 hours
Hourly rate of pay =?
Monthly salary = 2 × $933.20 = $1866.40
Yearly pay = $1866.40 × 12 = $22396.8
Therefore, weekly pay ;
$22,396.80 / 52 = $430.7077
However, Sarah only works for 40 hours per week
Therefore, weekly pay equals;
$430.7077 / 40 = $10.7677
B) if gross pay = $1090.19
Therefore, amount of overtime paid equals:
$1090.19 - $933.20 = $156.99
If overtime pay is one-half regular pay, that is;
1.5 × $10.7677 = $16.152
Therefore, overtime hours equals
Total overtime paid / overtime pay rate
$156.99 / $ 16.152 = 9.719
9.72 hours
what is the difference between internal and external growth? Please explain?
Answers
Yosef recently bought stock in a company. After his purchase, the company had a horrible year and lost a lot of money. What is MOST likely to happen as a result of this performance? A. Yosef will get a share of the profit. B. Yosef will lose money from his initial investment. C. The business will buy back all of Yosef's stock. D. Yosef will be forced to pay the company so it can survive
Answers
Answer:b
Explanation:
if the company’s revenue goes down the stock for said company goes down
I need help with all those questions
Answers
2.$7000
3.$9000
What is the monthly interest payment for an account with a balance of $200.00 and an A.P.R. of 18%?
A.$11.11
B.3.00
C.$16.67
D.$36.00
Answers
Answer:
B.3.00
Explanation:
APR refers to the annual percentage of interest charged on credit.
If APR is 18%, the monthly interest payments will require obtaining a monthly rate.
The monthly rate = 18%/ 12 =1.5%
Monthly interest = p x r x t
where p=$200: r 1.5% or 0.015: t 1 month
=200 x0.015 x 1
=3
A is made up of or more and a section, is commanded by a ,
Answers
In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the _____ process.
Answers
In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the closing process.
What is Management?
This refers to the overseeing and supervision of people working under a person to achieve a common goal.
Hence, we can see that in project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of a business process which is known as the closing process.
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The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
Answers
Answer: Warrantly
directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.