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Vlad1618 [11]
3 years ago
12

During 2019, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Ames, I

owa, and earned $22,000. The state unemployment rate for Rowland is 4.6%. He then changed jobs and worked for Ford Improvement Company in Topeka, Kansas, and earned $29,500 for the rest of the year. The state unemployment rate for Ford is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by each company.
Business
1 answer:
grigory [225]3 years ago
8 0

Answer:

A. $1,054.00

B. $ 450.00

Explanation:

Calculation to Determine the unemployment taxes (FUTA and SUTA) that would be paid by each company.

Calculation for Rowland Construction Company unemployment taxes for (FUTA and SUTA)

FUTA tax $7,000 × 0.006

FUTA tax = $42.00

SUTA tax $22,000 × 0.046

SUTA tax = $1,012.00

Hence,

Unemployment taxes=FUTA tax+SUTA tax

Let plug in the formula

Unemployment taxes=$42.00+$1,012.00

Unemployment taxes= $1,054.00

Therefore Rowland Construction Company unemployment taxes for (FUTA and SUTA) will be $1,054.00

b.

Calculation for Ford Improvement Company unemployment taxes for (FUTA and SUTA)

FUTA tax $7,000 × 0.006

FUTA tax = $ 42.00

SUTA tax $8,000 × 0.051

SUTA tax = 408.00

Hence,

Unemployment taxes=FUTA tax+SUTA tax

Let plug in the formula

Unemployment taxes=$42.00+$408.00

Unemployment taxes= $450.00

Therefore Rowland Construction Company unemployment taxes for (FUTA and SUTA) will be $450.00

Take note that FUTA tax amount for both is $7,000 while the tax rate 0.006

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Explanation:

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6 0
3 years ago
Why are costs and benefits weighed when determining whether something gets produced
katrin2010 [14]

Answer:

Costs and benefits are weighed to determine if producing the good will be profitable.

Explanation:

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An example of a financial analysis that can be used is the cost benefit analysis. The cost benefit analysis involves determination of all the resources that will be needed as input. The input is then convert into monetary terms, then summed together. The total amount of input in monetary terms is the cost, since that i the total amount needed to process the raw materials to finished goods. The future benefits are also forecasted and converted into monetary terms. The comparison of the costs versus the benefits forms what is collectively termed as the cost and benefits analysis.

When the costs outweigh the benefits, then the good should not be produced. When the costs are equal to the benefits, it means the business will break-even, so there will be no profits, it is advisable not to produce the good. Finally, when the benefits outweigh the costs, it is advisable to produce the good.

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3 years ago
Southwest Airlines employees all know about when CEO Herb Kelleher visited one of the airline's hangars in the middle of the nig
Galina-37 [17]

Answer:

Story

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So Herb Kelleher's visit that night will act as a story in the organizational culture because of the impart it had on everyone.

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Answer: B. ​48.48%

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Debt ratio = 1,600,000/3,300,000

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