1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
4 years ago
15

Brian makes ​$27,000 per year. how much can brian expect to contribute to fica taxes? question 7 options: $2,065 $1,674 $391 $2,

664
Business
1 answer:
Sophie [7]4 years ago
5 0
<span>To find the amount of FICA taxes one has to contribute, there are two values needed. First, the Social Security tax rate is 0.062 (6.2%) on the first $127,200 in wages, and then the Medicare tax is 0.0145 (1.45%) on the first $200,000 in income. Adding these two figures gives the total FICA taxes. 6.2 percent of $27,000 is $1,674, and 1.45 percent of $27,000 is $391.50. Adding these two values together (1674 + 391) gives a total of $2,065, or choice (A).</span>
You might be interested in
Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to i
Serga [27]

Answer:

B. $466

Explanation:

5 0
3 years ago
Would it be better to first identify task dimensions and then create specific task statements for each dimension, or should task
emmasim [6.3K]

Answer:

Task statements should be identified at first, and then used to create task dimensions. The classification of the task to dimensions, can only be dependent on the task statements.

This will help task managers to coordinate the people assigned to them.

Explanation:

Task dimension which can be defined as differentiating of task by complexity, from low to high relates to how managers coordinate activities with people over whom they have direct effect or control, when executing a given task. Before this can be done, the statements of the task should have been identified.

Task management is the process of managing task through its life cycle, including planning, testing, tracking and reporting. Task management can help either individuals achieve goals, or groups of individuals collaborate and share knowledge for the accomplishment of collective goals.

7 0
4 years ago
Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th
kupik [55]

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

8 0
3 years ago
Which of the following would further an economic goal of efficiency
kotegsom [21]
The best way to increase economic efficiency on both a small and large scale is to divide labor tasks. This way each person or entity becomes a specialist in their field and output is increased and improved.
<span />
8 0
3 years ago
Read 2 more answers
On January 1, 2015, a company had 250,000 shares of its $2 par value common stock outstanding. On March 1, the company sold an a
blsea [12.9K]

Answer:

Answer is Option C: 750,000.

Explanation:

A stock dividend is a payment that is made to the shareholders in shares and not in cash. It increases the number of common shares that are representing the shareholder's investment.  When this occur, a company needs to restate the shares that were outstanding before the stock dividend.

When we calculate the weighted-average number of shares outstanding for 2015, we sum it for the whole year for all quarters.

Total for the whole year will come as 750,000.

4 0
3 years ago
Other questions:
  • Thomason Financial has the following cash transactions for the year. Assume cash at the beginning of the period is $6,500. Prepa
    14·1 answer
  • Andre, the floor manager of a packing plant, is under pressure from his boss to increase productivity. he circulates a memo tell
    6·1 answer
  • On January 2, 2010, Porter Corporation issued 30,000 shares of 6% cumulative preferred stock at $100 par value. On December 31,
    7·1 answer
  • What would one use Webex.com for? A. To hold an online meeting B. For online accounts payable CTo distribute e-mails to a mailin
    11·1 answer
  • In southern California, there are banana plantations. These plantations cannot produce all the bananas consumed by persons in th
    12·1 answer
  • Through its ________ program, the SBA oversees about 11,500 volunteers with international trade experience to provide one-on-one
    13·1 answer
  • What is the term used to describe the impact of the manufacturing process on the entire economy?
    5·1 answer
  • A stock has a required return of 11%; the risk-free rate is 7%; and the market risk premium is 4%.
    12·1 answer
  • What are the two main types of tax forms a company provides to employees so the employees can fill out their 1040 tax form?
    6·2 answers
  • Knight Company reports the following costs and expenses in May.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!