The want-satisfying power of a good or service is called ________

During 2019, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FIC

Elena L [17]

Answer:

9th payment:

OASDI: 496 dollars

HI: 116 dollars

17th payment:

OASDI: 303.80 dollars

HI: 116.00 dollars

24th payment

HI: 116.00 dollars

Additional 0.9%: 178 dollars

Explanation:

FICA taxes:

OASDI 132,900 celling

HI: 1.45% celling 200,000 for single

up to this point the tax increase by 0.90%

8,000 x 9th payment: 72,000 below celling

OASDI: 8,000 x 6.20% = 496

HI: 8,000 x 1.45% = 116

8,000 x 17th payment: 136,000 Is above celling for OASDI

we just pay for the difference

previous earnings: 136,000 - 8,000 = 128,000

celling: 132,900

132,900 - 128,000 = 4,900

OASDI: 4,900 x 6.20% = 303,8

HI: 8,000 x 1.45% = 116

8,000 x 24th payment: 192,000 above celling for OASDI

OASDI: zero

HI: 8,000 x 1.45% = 116

Year end bonus: 100,000 accumulated 292,000 above HI celling

the diffrence will pay additional 0.9%

292,000 - 250,000 = 42,000

additional 0.9% = 42,000 x 0.9% = 378

year-end bonus: Bonuses are taxable compensation subject to income tax withholding and FICA. They’re treated as supplemental wages.

6 0

4 years ago

You own a coal mining company and at your current production level your direct production costs are $20 per unit, while you are

Trava [24]

The answer is d $17 and there u go

3 0

4 years ago

Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 30%. The T-bill rate

bulgar [2K]

Answer:

The proportion of the investment is 100%.

Explanation:

This can be calculated using the following formula:

Rportfolio = (y * Rrisky) + ((1 - y) * Ttbill) ..................... (1)

Where;

Rportfolio = Overall portfolio expected rate of return = 15%. or 0.15

Rrisky = risky portfolio expected rate of return = 15%, or 0.15

Ttbill = T-bill rate = 10%, or 0.10

Substituting the values into equation (1) and solve for y, we have:

0.15 = (y * 0.15) + ((1 - y) * 0.10)

0.15 = 0.15y + 0.10(1 - y)

0.15 = 0.15y + 0.10 - 0.10y

0.15 - 0.10 = 0.15y - 0.10y

0.05 = 0.05y

y = 0.05 / 0.05

y = 1.00, or 100%

Therefore, the proportion of the investment is 100%.

6 0

3 years ago

Oerther Corporation reports that at an activity level of 5,000 units, its total variable cost is $131,750 and its total fixed co

maw [93]

Answer:

$6.00

Explanation:

Calculation for Oerther Corporation average fixed cost per unit assuming that the level of activity is within the relevant range

Calculation for fixed cost per unit

Average Fixed cost per unit = Total fixed cost/Unit

Where :

Total fixed cost = 31,200

Unit =5,200

Hence:

Average Fixed cost per unit= 31,200/5,200

Average Fixed cost per unit= $6.00

Therefore Assuming that the level of activity is within the relevant range the Average Fixed cost per unit would be $6.00

8 0

3 years ago

Chang Co. issued a $54,300, 120-day, discounted note to Guarantee Bank. The discount rate is 9%. Assuming a 360-day year, the ca

dimulka [17.4K]

Answer:

c.$52,671

Explanation:

The computation of the cash proceeds to chang co is shown below;

But before that, we have to find the interest which is

= Issued amount × discount rate × number of days ÷ total number of days in a year

= $54,300 × 9% × 120 days ÷ 360 days

= $1,629

Now the cash proceeds are

= Issued amount - interest amount

= $54,300 - $1,629

= $52,671

hence, the correct option is c.

5 0

3 years ago

The want-satisfying power of a good or service is called _________.