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Lelechka [254]
3 years ago
9

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,588. The

FICA tax for social security is 6.2% of the first $118,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,424.97. Her net pay for the month is: (Round your intermediate calculations to two decimal places.)
a) $7,038.50
b) $5,141.03
c) $6,072.04
d) $6,566.00
e) $6,506.04
Business
1 answer:
FromTheMoon [43]3 years ago
3 0

Answer: e) $6,506.04

Explanation:

Employees do not pay FUTA or SUTA. Employers pay those.

Ms. Grant's net pay for the month therefore is;

= Gross earnings - FICA Social Security - FICA Medicare - Federal Income tax withheld

= 8,588 - (6.2% * 8,588) - ( 1.45% * 8,588) - 1,424.97

= 8,588 - ‭532.46 - ‭124.53 - 1,424.97

= $6,506.04‬

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Michelle always drives down Hampton Avenue to go to work. One morning, Michelle discovers that Hampton Avenue is closed at Wood
Soloha48 [4]

Answer:

she has formed a cognitive map of the area

Explanation:

A cognitive map is basically a mental map or representation of the physical surrounding area. If you have ever seen a lab rat trying to go through a maze, that is exactly what this is about. The ability to mentally represent of physical surroundings is very important, and not just to avoid traffic jams, but for our normal daily activities. We all know where the bathroom is, or the kitchen, and our rooms, etc., that is basically a cognitive map of our house.

7 0
3 years ago
Suppose Hubert and Kate form a cartel and behave as a monopolist. The profit-maximizing price is $ per gallon, and the total out
ArbitrLikvidat [17]

Consider a town in which only two residents, Hubert and Kate, own wells that produce water safe for drinking. Hubert and Kate can pump and sell as much water as they want at no cost. For them, total revenue equals profit.

The following table shows the town's demand schedule for water,

Quantity Demanded Total Revenue (Dollars per gallon) (Gallons of water) (Dollars) $247.50 $450.00 $607.50 4.00 180 $720.00 $787.50 3.00 270 $810.00 $787.50 2.00 $720.00 $607.50 $450.00 $247.50 (Look at attached image for clearer image)

Answer:

$3, $810

Explanation:

By carefully examining the table above we can infer that Hubert and Kate's profit is maximised at $3 unit price.

The total output at this point is 270 with a total Revenue of $810, implying that they will share the amount equally 810/2= $405 for Kate and $405 for Hubert.

4 0
3 years ago
Quick Computing currently sells 10 million computer chips each year at a price of $20 per chip. It is about to introduce a new c
Troyanec [42]

Answer:

Annual cashflow for the decision= $162  million

Explanation:

The proper cashflow would be determined as follows:

Contribution per unit = Sales price - variable cost

Contribution per unit of new chip  = 25-8 = $17 per unit

Contribution per unit of old chip = 20 - 6 = 14 per unit.

<em>Contribution form the sale of the new chip = contribution per unit × annual sales in unit</em>

=17 × 12  million units = $204  million

<em>lost Contribution from the old  chip = contribution per unit × lost annual sales in unit</em>

Lost contribution  from old chip= $14 × 3 million unit = $42 million

Note that the lost contribution is an opportunity cost occasioned as a result of the introducing the new chip, hence the contribution should be deducted

Annual cashflow for the decision= $204  million -$42 million  = $162  million

Annual cashflow for the decision= $162  million

4 0
3 years ago
Why Probablity Sampling is generally preferred in comparison to non-probability samping​
DedPeter [7]
Probability gives all people a chance of being selected and makes results more likely to accurately reflect the entire population. That is not the case for non-probability. Probability sampling versus non-probability sampling for hotels can be a confusing concept for anyone carrying out survey research projects. Knowing some basic information about survey sampling designs and how they differ can help you understand the advantages and disadvantages of various approaches.

Probability gives all people a chance of being selected and makes results more likely to accurately reflect the entire population. That is not the case for non-probability.

In a perfect world you could always use a probability-based sample, but in reality, you have to consider the other factors affecting your results (availability, cost, time, what you want to say about results). It is also possible to use both different types for the same project.

(Can I have brainliest I need 5 more to have a new rank)
7 0
2 years ago
Al is a merchant buyer in Cleveland. He contracts over the telephone to purchase $6000 worth of spare aircraft parts from Goldst
Brut [27]

Answer:

Al can't raise the statute o frauds as a defense against enforcement of the contract. Because he broke the 10 days period to do it.

Explanation:

The Statute of fraud as a defense against enforcement of the contract is only available if one of the parties showed discontent over the contract in formal written means to declare it is not going to pursue the operation. The only writing would be enough to do it. So, in this case, Al can't do it because he let 10 days pass.

6 0
4 years ago
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