Although you did not includes the salaries of the employees, it will be simple for you to calculate. FICA is the Federal Insurance Contributions Act, which is made up of social security and Medicare fees. For 2019, the Social Security tax rate is 6.2% on the first $132,900 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.
So, for every employee who earned $132,900 or less, it is calculated by multiplying the total earnings by 7.65% (6.2% social security +1.45% Medicare).
For all earnings that are between more than $132,900 and $200,000, it is calculated by multiplying the total earnings by 1.45%. (Medicare)
All earnings above $200,000 are taxed at 2.35% (Medicare).
After calculating each of the people, you will add up the total. The employer matches each of the contributions, so they are the exact same as the total of the employees.
Answer:
The correct answer is option B.
Explanation:
According to the law of supply, ceteris paribus, there is a direct relation between price level and quantity supplied. This means that supply will increase with the increase in price level but only if other factors are held constant.
The increase in price will not lead to increase in output if the price of inputs is also increasing and in greater proportion than price of the product. With the the increase in input price, the cost of production will also increase. So the firms will not increase output.
The initial step would most likely be to make a survey or a focus group.
The statement is True. Leadership has many facets, but the central feature of leadership is the ability to command and control others.
“The movement of Leadership a collection of people or an employer.” this is how the Oxford Dictionary defines management. In simple phrases, management is set taking dangers and hard the status quo. Leaders inspire others to obtain something new and higher.
Management abilities may be practiced to any degree irrespective of the identity you have. Leadership may be a critical capability to have because a great leader is capable of convey out the quality talents in his/her team participants and motivating them to paint collectively in attaining a shared intention.
One definition of management is to “inspire, influence and manual others to take part in a not unusual effort.” right leaders do not simply bark orders or hand out directives without an explanation. as an alternative, they use effective communication and motivation strategies to facilitate motion by using their teams.
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Answer:
The retained earnings at the beginning of the year was $ 2,253,000
.
Explanation:
Retained earnings at the end of the year = Retained earnings at the beginning of the year + Net income - Dividends
Retained earnings at the beginning = Retained earnings at the end of the year - Net income + Dividends
= $2,640,000 - $412,000 + $25,000
= $ 2,253,000
Therefore, the retained earnings at the beginning of the year was $ 2,253,000
.