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Klio2033 [76]
3 years ago
11

Rasheed works for Company A, earning $299,000 in salary during 2019. Assuming he is single and has no other sources of income, w

hat amount of FICA tax will Rasheed pay for the year
Business
1 answer:
Vaselesa [24]3 years ago
6 0

Answer:

$13,466

Explanation:

For 2019, the wage limit for Social Security tax is $132900

Thus;

Social Security tax $132,900x 6.2% = $8,239.80

Medicare tax = $299,000 x 1.45% = $4335.50

Additional Medicare Tax ($299,000 - $200000) x 0.9% = $891

therefore,

Amount of FICA Tax = $8239.80 + $4335.50 + $891 = $13,466.30 which is approximately $13,466

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Ronch [10]

Answer: the major railroad companies

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This was initiated at the industrial era and is still followed by the rail road companies in USA. The grouping of zones was important because of the large size of USA.

Hence, we can conclude that Option A is correct.

6 0
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3 years ago
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Segments of business's macroenvironment include all of the following except a. the economic environment. b. the social environme
fgiga [73]

Answer:

d. the natural environment.

Explanation:

There are two business environment

The first one is microenvironment and the other one is the macro environment

The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc

While the macro environment refers to that environment that affects the business functions or its workings

It can be in various ways like

1. Political & legal  

3. Social

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5. Demographic

6. Economical

6 0
3 years ago
A company is considering investing in a new machine that requires a cash payment of $38,198 today. The machine will generate ann
PolarNik [594]

Answer:

Internal rate of return = 12%

Explanation:

Below is the calculation of internal rate of return:

The new machine requires cash payment = $38198

Annual cash flows = $15904

Time period = 3 years

First divide the cash payment with the annual cash flow and then look at the factor table to find the interest rate at 3rd year.

Factor = 38198 / 15904 = 2.40

Now look the value 2.40 in the table:

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3 years ago
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