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lawyer [7]
3 years ago
10

Mayberry Ice Cream Shoppe has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00

in federal income tax withholding, and $80.00 in state income tax withholding. The federal unemployment tax rate is 0.8%. In this scenario, what is the Medicare Tax Payable for the pay period?
Business
1 answer:
Elza [17]3 years ago
8 0

Answer: The answer is $21.75

Explanation:

The rules says that employees will pay 1.45%, while the employers will pay 1.45% total is 2.9%

The employers will calculate 1.45% of the wages as withholding tax and pay it to the tax authority.

Therefore to calculate the Medicare tax payable for the pay period we use the formula

Wages × Medicare tax rate

Since wages = $1,500.00, Medicare tax rate = 1.45% ( 1.45÷100 = 0.0145)

1,500.00 × 0.0145

= 21.75

Therefore the Medicare tax payable for the pay period is $21.75

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6. What does Rose argue should be the last part of a presentation to the VC? Why?
Lubov Fominskaja [6]

Rose argued that the last part of a presentation to the VC should be " a wrap-up that leads to the final pitch."

David S. Rose is a prominent angel investor famous for being the founder and Chairman Emeritus of New York Angels.

In one of his entrepreneurship discourses, Rose claimed that the last part of a presentation to the VC should be the overall presentation in a short form that would comprise the main points of the all-around presentation.

Rose concluded that these key points should be the reason to convince a Venture Capitalist to invest in the business.

Hence, in this case, it is concluded that the last part of a presentation is crucial to convince a Venture Capitalist.

Learn more here: brainly.com/question/23471689

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2 years ago
Jane is not married and has no children. She is 35 and owns her own home. Under which status is she most likely to file?
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Ambiance Inc. buys back 3,000 shares of its $10 par value common stock from investors at $45 per share. This stock repurchase wo
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8 0
3 years ago
Jose wants to be sure he maintains a high credit score as he is planning to buy a new car soon. What should be do to ensure his
jolli1 [7]
<span>Jose wants to be sure he maintains a high credit score as he is planning to buy a new car soon. What should be do to ensure his score stays high, allowing him to buy his dream car?

A Open a savings account at the local bank.

B Pay off his credit card balance each month.

C Test drive several cars before deciding which to buy.

D All are things he should do to increase or maintain his credit score.

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3 0
2 years ago
Mary wants to take out a loan. Suppose she can afford to make monthly payments of 100 dollars and the bank charges interest at a
xxTIMURxx [149]

Answer:

To be paid eventually it can borrow until 20,000 dollars.

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3 years ago
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