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zvonat [6]
1 year ago
14

The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both t

axes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages
Business
1 answer:
Zinaida [17]1 year ago
5 0

The amount of total unemployment taxes the employer must pay on this employee's wages is $ 420

=(0.006 x 7,000 = 42)+(0.054 x 7,000 = 378)

=42 + 378 = 420

What does the Federal Unemployment Tax Act FUTA do?

The Federal Unemployment Tax Act (FUTA), which works with state unemployment systems, entitles workers who have lost their jobs to unemployment benefits payments. State and federal unemployment taxes are typically paid by enterprises.

What is State Unemployment Taxes (SUTA)?

Employers are obligated to pay SUTA as a payroll tax. State unemployment insurance is another name for it (SUI). The unemployment insurance fund of a state receives these levies to provide payments to workers who have left their employers.

Learn more about Federal Unemployment Tax Act FUTA: brainly.com/question/27646312

#SPJ4

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Under Armour developed dynamic advertising, sponsorships of sports leagues, a creative Web site and celebrity spokespeople to pr
valkas [14]

Answer:

Integrated marketing communications.

Explanation:

Integrated marketing communications involved passing clear messages about a particular product to potential customers through different communication channels. It is used to create an awareness of the product to the customers.

Intergrated marketing communication involves delivering a consistent message about a product to potential customers through multiple platforms.

Integrated marketing communications helps a business to increase sales at a reduced cost.

8 0
3 years ago
When a customer purchases a product but is not yet ready for delivery, this is referred to as?
aleksandr82 [10.1K]
A bill-and-hold arrangement.
8 0
3 years ago
At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock outstanding and had retained ea
sveta [45]

Answer:

b. $14,660,000

Explanation:

The computation of retained earnings at the end of the year is shown below:-

Retained earnings = Beginning retained earning + Net income - Stock dividend - Cash dividend

= $11,000,000 + $5,000,000 + $500,000 - $840,000

= $14,660,000

Working Note :-

Stock Dividend = 400,000 × 5% × $25

= $500,000

Cash dividend = (400,000 + (400,000 × 5%) × $2

= 420,000 × $2

= $840,000

5 0
3 years ago
Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.
DaniilM [7]
Capitalism is indeed an economic system in which privately owned businesses and individuals attempt to make a profit in the free market. The aspects of private ownership of businesses and working for profit are essential factors of capitalism as a theory and also as it is practiced. 
3 0
4 years ago
When the Fed buys bonds the supply of money decreases and so aggregate demand shifts left. the supply of money decreases and so
stealth61 [152]

Answer: The supply of money increases and so aggregate demand shifts right.

Explanation: When the Federal Government buy Bond they help to increase the amount of money available for the Banks to loan to Business entities, Organisations and individuals.

The Aggregate Demand will Shift to the right, signaling the Increase in the rate of Demand as a result of the Increase in the volume of Money in circulation within the Economy. Once consumers have money to spend or invest they will cause the Demand for goods and services to increase.

4 0
3 years ago
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