Answer:
1. Total earnings
Normal hours 40 *$15 = $600
Overtime 8 * $30 = <u>240</u>
<u> $840</u>
<u />
2. Total Deduction
United fund deduction 50
social security(6%*840) 50.4
Medicare tax(1.5%*840) 12.6
State unemployment(3.4%*600) <u> 20.4</u>
<u> 133.4</u>
<u>3. </u> Cash paid
Total earnings $840
Total Deduction <u> 133.4</u>
<u> 706.6</u>
<u>b. </u> employer payroll tax
Medicare tax = 1.5% *840 = $12.6
Federal unemployment tax = (0.8%*600) <u> 4.8</u>
<u> </u> <u> 17.4</u>
Explanation:
High <u>debt to owner's equity ratio. </u>
This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.
<span>The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment. </span>A deferral payment happens after a payment or receipt occurs. The deferral allows someone to have something now but pay it off or towards it at a later date.<span> </span>
Selecting an account with a high interest rate and leaving his money in the account for a long period of time will maximize the amount of interest you earn.
The answer would be (D); Setting acceptable costs and then setting the price.
