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
Vlada [557]
3 years ago
11

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,888. The

FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,474.77. Her net pay for the month is:_________
a. $7161.43
b. $6185.67
c. $6,566.00
d $6.61967
e. $5116.13
Business
2 answers:
slavikrds [6]3 years ago
6 0

Answer:

$6736.4

Explanations:

Net pay is the amount of money that is taken home by employees after all deductions have been deducted from gross pay, can be calculated using the formula below;

Net Pay = Gross Pay − Federal Income Tax − FICA-SS Tax − FICA-Medicare Tax

Net Pay = $8,888 − $1,474.77 − $547.96 − $128.87

= $6,736.4

FICA-SS Tax= $8,888 × 0.062 = $551.056

FICA-Medicare Tax =$8,888 × 0.0145 = $128.876

Marina86 [1]3 years ago
6 0

Answer:

$6,733.298

Explanation:

Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax

Gross pay $8,888.00

Less: Federal Income Tax $1,474.77

FICA-SS Tax (6.2%×$8,888) $551.056

FICA-Medicare Tax (1.45%×$8,888) $128.876

Net Pay ($2154.702-$8,888) $6,733.298

Therefore her net pay for the month is:$6,733.298

You might be interested in
Real-time data warehousing can be used to support the highest level of decision making sophistication and power. The major featu
muminat

The major feature that enables this in relation to handling the data is speed of data transfer.

<h3>What is Real Time Data Warehousing?</h3>

Real Time Data Warehousing is a data warehouse that enables  decision  making to made speedily in real time.

Real time data warehousing is important for companies as it help to store large amount of data,  it as well support higher level of decision and the speed of data transfer are very fast.

Inconclusion the major feature that enables this in relation to handling the data is speed of data transfer.

Learn more about Real Time Data Warehousing here:brainly.com/question/18565560

5 0
2 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also
maks197457 [2]

Answer: $3.46

Explanation:

Given the following :

Current share price (P0) = $90 per share

Required return on stock= 8%

total return on the stock is evenly divided between a capital gains yield and a dividend yield ;

Therefore, Required return on stock= 8% ;

4% capital gain yield + 4% Dividend yield = 8%

Growth rate = 4% = 4/ 100 = 0.04

D1 = D0(1 + g)

D1 = value of next year's Dividend

D0 = current Dividend yield

g = Constant growth rate

D1 = current stock price * g

D1 = 90 * 0.04 = 3.6

D1 = D0(1 + g)

D0 = D1 / (1+g)

D0 = 3.6 / (1+ 0.04)

D0 = 3.6 / 1.04

D0 = $3.46

8 0
3 years ago
1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or serv
Anestetic [448]

Answer:

1. Profit

2. Business

Explanation:

      Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.

        Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.

7 0
3 years ago
Question 4 of 20
Eduardwww [97]
The percentage of 250000 to 180000 is 72% or answer D
6 0
2 years ago
what are the two factors that go into which item is thought of as bought first, etc., when choosing between several possible pur
ANTONII [103]

Answer:

Fifo

Explanation:

Because the stock that is bought first should be the one to be purchased first

8 0
2 years ago
Other questions:
  • Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred divi
    11·1 answer
  • An aggregate production function exhibits diminishing returns to technology when, holding the amount of human capital per worker
    11·1 answer
  • Consider the following hypothetical transactions of the Balance of Payments of Country A: 1. Country A's firms export to Country
    8·1 answer
  • Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not eff
    15·1 answer
  • Corporate social responsibility (CSR) is the obligation Multiple Choice
    11·1 answer
  • Which business letter feature is found at the top of the page?
    6·2 answers
  • Assume Alpha reacquires share of their own Common Stock to hold in the Treasury. They pay $ 30.00 per share.
    5·1 answer
  • Scenario 1
    6·1 answer
  • Given the following, compute the cost of goods manufactured.
    15·1 answer
  • For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!