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
professor190 [17]
2 years ago
7

Beginning with the first pay of the year, Carson will make $2,700 each week. In which numbered pay of the year will Carson hit t

he OASDI taxable limit?
Business
1 answer:
VikaD [51]2 years ago
3 0

Answer:

With the 48th pay of the year, Carson will hit the OASDI taxable limit.

Explanation:

As per the OASDI taxable limit for 2018 is $128500.

Thus the tax day is calculated as

\$128700/\$2700\\=47.66 \approx 48

So the tax day is the 48th pay day.  And thus with the 48th pay of the year, Carson will hit the OASDI taxable limit.

You might be interested in
"1. When a T-shirt manufacturer states, ""We sell it only in black because that way we can buy plenty of black fabric and run ou
katrin2010 [14]

idk

Explanation:

i dont know also, idk, i dont know

4 0
3 years ago
Read 2 more answers
Trading centers in other countries helped the mother country in all of the following ways except for
VMariaS [17]
Trading centers in other countries helped the mother country in all of the following ways except for...

Answer: Out of all the options that are shown above the one that is not a way that trading centers helped the mother country is answer choice A) becoming more self-sufficient.

I hope it helps, Regards.
7 0
3 years ago
Read 2 more answers
Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
yan [13]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

8 0
3 years ago
On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha
Harman [31]

Answer:

2016 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation               $5720

2017 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation               $5720

Journal entries for 2018 expenditure

Dr repairs and maintenance   $2900

Dr Equipment account             $11850

Cr Cash account                                          $14750

2018 Depreciation

Dr depreciation expense          $4800.83

Cr Accumulated depreciation                     $4800.83

Explanation:

There are two policies for depreciating non-current asset  especially when it is acquired part-way through the year like we have here, namely full year depreciation in the year of purchase and none in the year of disposal or proportional depreciation throughout the useful life,I am adopting the former in this question.

Formula for depreciation=cost-residual value/useful life

Yearly depreciation is ($57200-$0)/10=$5720

However,after two years the book value is calculated thus:

Book value=$57200-($5720*2)=$45760

additional cost incurred in enhancing the capacity of the asset would be added :  $45760 +$11,850=$57610

Since the useful life has also been reviewed up to 12 years, the depreciation from now on is $57610/12=$4800.83

5 0
3 years ago
Read 2 more answers
____________ is a completely inadequate mechanism ____________________ in a modern advanced economy. Question 21 options: Curren
choli [55]

Answer:

Barter; for trying to coordinate trades

Explanation:

The barter is the system where the goods or services are exchanged with another goods or services. Here no money involvement is there

Only goods or services are exchanged with the different good or services

So it is a complete non-adequate mechanism and it should be tried for coordinating the trades

Therefore the above option should be considered

3 0
3 years ago
Other questions:
  • Why do investors need to determine their investment objective before they invest?
    12·1 answer
  • Which position is responsible for the direct management of all incident-related tactical activities?
    7·1 answer
  • A store manager predicts that 80 hats will be sold if each hat costs $15. The manager predicts that 3 less hats will be sold for
    15·1 answer
  • Hockey Accessories Corporation manufactured 21 comma 100 duffle bags during March. The following fixed overhead data pertain to​
    5·1 answer
  • Although many countries have stringent intellectual property regulations on their books, the enforcement of these regulations ha
    6·1 answer
  • What can you say when you want to contact people for sponsorship
    10·2 answers
  • A(n) _____ is central to individuals and organizations of all sizes and ensures that information can be shared across all busine
    13·1 answer
  • You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1
    7·1 answer
  • During 2020, Concord Company started a construction job with a contract price of $1,580,000. The job was completed in 2022. The
    6·1 answer
  • Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended Dece
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!