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
Verizon [17]
3 years ago
10

Joe Bob is an employee of Rollo Corporation who receives a salary of $16,800 per month. How much Social Security tax will be wit

hheld from Joe Bob's salary for the months listed?
Business
1 answer:
kolbaska11 [484]3 years ago
7 0

Answer:

<u>$1041.6 monthly</u>

Explanation:

Note that as an employee half (6.2%) of the Social Security tax will be withheld by his employer. In the social security tax, a fixed rate of 12.4% is paid up to a salary limit of $132,900.

Therefore, as long as he maintains a fixed salary, Joe would continue to pay the same social security tax rate.

You might be interested in
Fill in the blanks: Stock prices fall if investors either expect _________ growth rates or require _________ returns.A. higher,
devlian [24]

Answer:

C. lower, higher

The reason for this is that when growth rates are lower investors will be willing to pay less for the stock is because low growth rate mean that the capital gains will be less as stock price is less likely to increase in the future and dividend growth is also less. Also  the DDM model D*(1+G)/1-R shows that mathematically a lower growth rate would mean lower stock price

Also Higher required returns mean that the investor requires higher returns to buy the stock, because he may view the stock as risky and requires higher returns for the risk he is taking or he may have a higher opportunity cost (for eg interest rates may be high) with other investments. Mathematically the DDM model D*(1+G)/R-G shows us that a higher R would mean lower stock price.

Explanation:

7 0
3 years ago
Read 2 more answers
Classifying Cash Flows - Identify whether each of the following would be reported as an operating, investing, or financing activ
Yanka [14]

Answer:

<em><u>Classifying Cash Flows:</u></em>

Retirement of bonds payable  ⇒  <em><u>Financing activity</u></em>

Purchase of inventory for cash  ⇒  <u><em>Operating activity</em></u>

Cash sales  ⇒  <u><em>Operating activity</em></u>

Repurchase of common stock  ⇒  <em><u>Financing activity</u></em>

Payment of accounts payable  ⇒  <u><em>Operating activity</em></u>

Disposal of equipment ⇒  <em><u>Investing activity</u></em>

8 0
3 years ago
which of the following is true about product life cycles? group of answer choices a reminder promotion is normally used in the i
bulgar [2K]

Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."

<h3>What is the Life Cycle of a Product</h3>

The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.

Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.

<h3>The Life cycle of a product is the following:</h3>
  • introduction,
  • growth,
  • maturity, and
  • decline.

Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.

Hence, in this case, it is concluded that the correct answer is option c. "Early adopters buy in the introductory phase."

Learn more about the Product Life cycle here: brainly.com/question/7510515

#SPJ1

8 0
1 year ago
When the effective-interest method of bond discount amortization is used,
SSSSS [86.1K]

Answer: C. interest expense will not be a constant dollar amount over the life of the bond.

Explanation:

When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.

As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.

6 0
3 years ago
Who did publisher Henry Luce credit with the provision of “the abundant life” in his blueprint for postwar prosperity, The Ameri
Ratling [72]

Answer:

The correct answer is d. Free enterprise.  

Explanation:

Henry Robinson Luce was known as an American publisher and journalist. They gave him the name of  "the most influential private citizen in the America of his day". This magnate published  what is called “The American Century.” “The American Century” also showed “the vision of America as the dynamic leader of world trade,” and this guy Henry Luce could not have fathomed any economic basis for national leadership besides “free enterprise.”

8 0
3 years ago
Other questions:
  • When you want to start a business, what is the first step
    5·2 answers
  • You want to show the stock price of a company over the last 6 months. What type of chart would be best for this purpose?
    9·1 answer
  • Which of the following statements is a strong reason for giving credit to sources of data in a formal business document?
    15·2 answers
  • firm x projects an roe of 14% and it will maintain a pplowback ratio of .45 its earnings this year will be 3.60 per share invest
    6·1 answer
  • g Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year t
    8·1 answer
  • Some countries are considering putting what in explosive materials to help track them?gps devicescomputer chipscolor coded chips
    6·2 answers
  • The entry to record the purchase of supplies for $200 on account would be which of the following?
    6·1 answer
  • Which of the following is true? In recent decades, the volume of U.S. international trade has been declining as a share of the e
    15·1 answer
  • Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits
    13·1 answer
  • Provide theoretical underpinnings of empirical findings in Wang (2018b) and Wang and Duxbury (2021).
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!