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3 years ago

A federal payroll tax that supports retired workers is

Business

2 answers:

Firlakuza [10]3 years ago

7 0

Answer:

A federal payroll tax that supports retired workers is "social security tax". A Social Security tax is the duty demanded on the two managers and workers to finance the Social Security program. Social Security tax is generally gathered as finance assessment or independent work charge.

Explanation:

deserve a brainliest answer.

Alenkinab [10]3 years ago

4 0

Answer:

social security tax.

Explanation:

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Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2019 Christmas season and get married around

Tanzania [10]

Answer:

It would be better to get marry on 2019 that way they will saved in income taxes $138

Explanation:

We have to compare their two single taxable income

against marry filing jointly:

Martina:

15,000 - 12,200 standard deduction = 2,800

It willbe taxed at 10% = 280

Raphael:

45,000 - 12,200 standard = 32,800

It will be taxed 10% of 9,700 = 970

and 12% above: (32,800-9,700) x 12% = 2,772

total income tax for Raphael: 3,742

Total if married in 2020: 4,022

Jointly:

60,000 - 24,400 = 35,600 taxable income

it will be taxes at 10% for the first 19,400 = 1,940

and at 12% for the above: (35,600 - 19,400) x 12% = 1,944

Total: 3.884‬

Difference:

4,022 - 3,884 = 138

3 0

3 years ago

Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.

vova2212 [387]

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an Annuity Due type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG" and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

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3 years ago

Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off

zloy xaker [14]

Answer and Explanation:

The Journal entry is shown below:-

Bad debts expense Dr, $2,000

To Accounts receivable-Hopkins $2,000

(Being write off is recorded)

Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done

7 0

3 years ago

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current

erastova [34]

Compliance (must do) projects.

6 0

2 years ago

The basic distinction between a primary and a secondary market is a. proceeds from sales in the primary market go to the current

zavuch27 [327]

Answer:

c. Only new securities are sold in the primary market.

Explanation:

Primary markets is where securities are sold for the first time. Secondary market is a place (physical o virtual place) where securities are renegociated.

As an example, think about a company which is increasing its capitalization and wants to emit new stocks: it would do it in the primary market.
On the other hand, if some of the members of the company wantsto buy more stocks from that company, unless the company is emiting new stocks, he or she would have to buy the stocks in the secondary market.

3 0

2 years ago