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Andrew [12]
3 years ago
12

What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers'

personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?
Business
1 answer:
Dima020 [189]3 years ago
4 0
What happens to the surplus payroll taxes generated by social security? T<span>he surplus money is used to buy U.S. treasury notes. Payroll taxes are taxes that employers or employees have taken out of their checks. These are a calculated percentage based on what they make or what an employer pays an employee. When extra funds are collective by social security they go into U.S. treasury notes. U.S. treasury notes are issued by the U.S. Treasury and is used as currency.</span>
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Wildhorse Co. entered into these transactions during May 2017, its first month of operations.
Alina [70]

Answer:

attached answer

Explanation:

equity represnet investment from owners and the accumulation of the result from the company operations.

1) equity increase the company receive an investment from owner

3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm

4-5-9) the company's equity increase as income is generated from the main activity.

2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease

We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.

3 0
3 years ago
What is the difference between Coupons and Rebates?:​
Irina18 [472]

Answer:

"Whereas coupons offer deals up front, with the purchase of the product, rebates can be redeemed only after purchase. ... With coupons the uncertainty is resolved before purchase; with rebates the uncertainty is resolved after purchase."

Explanation:

Hope this helps :)

7 0
3 years ago
Read 2 more answers
A firm with market power has an inverse demand curve of P = 450 – 5Q and marginal cost of MC = 40Q, where Q is measured in thous
seraphim [82]
I believe the answer is b
7 0
3 years ago
torico Co. just paid a dividend of $1.85 per share. The company will increase its dividend by 24 percent next year and will then
larisa [96]

Answer:

The stock price is $33.26

Explanation:

<u>Dividend of the year</u>

D1 = 1.85 * 1.24

D1 = 2.294

D2 = 2.294 * 1.18

D2 = 2.70692

D3 = 2.70692 * 1.12

D3 = 3.0317504

D4 = 3.0317504 * 1.06

D4 =  3.213655424

Price at year 4 = 2.70692 * 1.12 * 1.06^2/(14%-6%)

Price at year 4 = 42.58093437

Current price = 2.294/1.14 + 2.70692/1.14^2 + 2.70692*1.12/1.14^3 + 2.70692*1.12*1.06/1.14^4 + 42.58093437/1.14^4

Current Price = $33.26

So, the stock price is $ 33.26

5 0
3 years ago
Catherine B. is working with her production supervisor to compute a predetermined overhead ryte for the coming year. Catherine a
Basile [38]

Answer:

Predetermined manufacturing overhead rate= $126 per machine-hour

Explanation:

Giving the following information:

Estimated machine-hours= 2,000

Depreciation on factory equipment $100,000

Indirect labor payroll 14,000

Wages of factory Janitors 70,000

Utilities for factory 34,000

Rent on factory building 24,000

Factory insurance  10,000

Total estimated overhead= $252,000

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 252,000/2,000

Predetermined manufacturing overhead rate= $126 per machine-hour

5 0
3 years ago
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