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
The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour
Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460  = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit  = $800

Plastic: 10 kilograms at $10 per kilogram        100

Labor hours: 60 hours at $25 per hour      1,500

Manufacturing overhead applied $10 per    600

 labor hour

Total Cost                                                 $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production.  As an estimate, it can be overapplied or underapplied.

6 0
3 years ago
Corruption, Inc., uses process costing, they have overstated the percentage of work completed with respect to conversion cost on
forsale [732]

Answer:

(1) understated

(2) understaded

(3) unchanged

Explanation:

The amount of equivalent units will be higher as the ending inventory of work in process will be above of what it should be.

As we have more equivalent untis the cost per equivalent unit will be lower:

\frac{cost}{equivalent \:units}

So both, conversion cost and total cost per equivalent untis will e lower than it should be as are getting divided over a larger amount.

the physical amount of units worked during the month and those which are complete will not be affected as the percentage of completion is an accounting tool to calculate the cost not to count the amount of units in possession

5 0
3 years ago
3. Which of the following best defines inflation? a. The rapid increase in the price of a specific good, such as gasoline b. A g
Dvinal [7]

The best answer is D.

7 0
3 years ago
Read 2 more answers
Piedmont Hotels is an all-equity company. Its stock has a beta of .82. The market risk premium is 6.9 percent and the risk-free
katrin2010 [14]

Answer:

11.86%

Explanation:

Piedmont hotels can be described as an all-equity company

Its stock has a beta of 0.82

The market risk premium is 6.9%

The risk free rate is 4.5%

The adjustment is 1.7%

Therefore, the required rate of return can be calculated as follows

Required rate of return= Risk free rate of return + ( beta×market risk premium) + adjustment

= 4.5% + (0.82×6.9%) + 1.7%

= 4.5% + 5.658 + 1.7%

= 11.86%

Hence the required rate of return for the project is 11.86%

7 0
3 years ago
Because the first members of the baby boom generation have now turned 50, we are likely to see a shift to more positive images o
Effectus [21]
Their vast numbers translate into economic clout and political power
7 0
3 years ago
Other questions:
  • charcoal grills, accessories, and installation services for custom patio grilling stations. The State of Kentucky is planning ma
    9·1 answer
  • Your firm needs a machine which costs $260,000, and requires $47,000 in maintenance for each year of its 10 year life. After 5 y
    10·1 answer
  • IF YOU HELP ILL DO ANYTHING!! 20 POINTS AND BRAINLIEST!!
    7·2 answers
  • Colman Company reports ending inventory in year 1 of $25,000 instead of the correct amount of $20,000. The effects of this error
    6·1 answer
  • Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90
    9·2 answers
  • Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction
    13·1 answer
  • Icarus Aviation, Athena Instrumentation, and Hercules Miniaturization are strategic business units of Olympia Industries. One ca
    7·1 answer
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni
    14·1 answer
  • Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the co
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!