Answer: $2,533.33
Explanation:
First you need to calculate the annual depreciation:
= (Cost of asset - Salvage value) / Useful life
= (42,000 - 4,000) / 5
= 38,000 / 5
= $7,600
The asset was bought on September 1 and needs to be depreciated for the months of the year it was in the business. That would be September to December which is 4 months.
Depreciation for that year is:
= 7,600 * 4/12 months
= $2,533.33
Answer:
d
Explanation:
All of these can be useful when taking a test. you should always make a study guide, talk to the teacher, And practice the questions that could be on the test.
Answer:
$63.70
Explanation:
The computation of the total employer payroll tax expense is shown below:
But before that we need to determine the gross salary which is shown below:
= 40 hours × $10 + 8 hours × $15
= $400 + $120
= $520
Now the total payroll tax expense is
= Gross salary × (social security and Medicare tax rate + federal tax + state unemployment tax rates)
= $520 × (7.65% + 0.8% + 3.8%)
= $63.70
Answer:
Crowdsourcing
Explanation:
Kallton is a multinational communications and information technology corporation. Its principal products are mobile telephones and tablets. It recently announced on its Web site that customers can suggest ideas for its upcoming product model. Contributors of short-listed ideas will be adequately rewarded. In this case, Kallton is using crowdsourcing to generate new product ideas. Crowdsourcing is the mechanism where we gather information, work, ideas and opinions from wide range of people with the help of internet. In this way organizations can save their time and money and can produce work quite efficiently. They can get work from any part of the world.