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Pavel [41]
3 years ago
7

Cohle Industries has a taxable payroll of $350,000. The company is subject to a 6.2% FUTA tax rate and a 5.4% state contribution

rate. However, due to Cohle’s stable employment experience, the company’s state rate has been reduced to 2%. How much combined federal and state unemployment tax must Cohle pay?
Business
1 answer:
Marta_Voda [28]3 years ago
8 0

Answer:

$9,800

Explanation:

Given:

Cohle's taxable payroll = $350,000

FUTA tax rate = 6.2%

State contribution rate = 5.4%

Since the company is subject to state unemployment insurance tax (state contribution), It can avail FUTA credit of 5.4%.

So, Cohle's FUTA tax rate become 6.2% - 5.4% = 0.8%

FUTA tax = 0.008 × 350,000 = $2,800

State rate is reduced to 2%

State rate = 0.02 × 350,000 = 7,000

Total tax payable = 7,000 + 2,800

                              = $9,800

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Answer: False

Explanation:

What a ethnic, religious and racial group shares in common is their beliefs or traditions.

Cognitive dissonance on the other hand is a conflict that occurs in an individual's mind as a result of new information contradicting what they already believe to be true.

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The amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

<h3>
What is the real estate license fee?</h3>

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FREC is the government office regulating real estate education and licensure in Florida.  FREC is under the supervision of the Florida Department of Business and Professional Regulation (DBPR).

License fees of $3.50 are imposed as soon as the Real Estate Recovery Fund drops below $500,000.

Thus, the amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

Learn more about real estate license fees at brainly.com/question/26067240

8 0
2 years ago
Is there anyone good in Accounting?
Helen [10]
Well, yes, is that's the question

3 0
3 years ago
Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows
wariber [46]

Answer:

- $17,600

Explanation:

The computation of the net decrease in cash during the month is shown below:

= $40,600 - $17,400 - $30,200 - $2,300 - $8,300

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After calculating the items which are presented in the column 1 represent the net decrease in cash for $17,600 amount.  

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A simple rule for writing a correct number style is that when writing numbers between 1 - 9 ( single digits numbers), you should spell them out. When writing anything larger however or if writing multiple numbers, you should write them as numerals.

This convention can be typically broken every now and then in certain cases. One of those cases is that, if you have a situation where you have 2 numbers in a sentence, you have to use one style for it and if the 2 numbers consist of 1 small number and 1 large number you would preferably have to use numerals.

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