Answer:
- Federal Income tax ⇒ $80
- FICA ⇒ $125.46
- State income tax ⇒ $52.97
- Local deduction - Clark County Income tax ⇒ $29.52
Explanation:
Brent gets paid semi-monthly so his pay per period is:
= 39,360 / (12 months *2)
= $1,640
Based on the table therefore, his federal tax is:
= $80
This figure is based on the intersection between income of $1,640 and 3 withholding allowances.
FICA tax rate is 7.65% so his FICA tax is:
= 1,640 * 7.65%
= $125.46
State income tax = $52.97
Local deduction - Clark County Income tax = $29.52
Total deductions:
= Federal tax + FICA + State income tax + Clark County income tax
= 80 + 125.46 + 52.97 + 29.52
= $287.95
Answer:
Unitary cost= $12
Explanation:
Giving the following information:
direct materials $5
direct labor $4
variable overhead $3
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the product unitary cost.
Unitary cost= 5 + 4 + 3= $12
A. By eliminating the effects of price increases on GDP growth. Nominal GDP is calculated using the current prices while Real GDP is adjusted for inflation.
Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
Answer:
Will call purchasing
Explanation:
Cash and carry also known as "will call purchasing" or "carry trade" is a sales strategy or method of purchase in which a customer must pay for an item immediately and must take the item with them. It eradicates all forms of credit sales.
Cash and Carry involves paying for an item and taking it along with you. There is no space for future delivery and it doesn't include delivery cost in the price of an item.
Pickup can't be delayed to a later date.
