A.click the chart and ask t edit data
Answer:
= $52,050
Explanation:
First, the question is as follows:
Calculate the number of pounds of raw material to be purchased in June
Solution
Step One: We determine what was produced in June and in July as follows
Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products
- Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
- Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000
Step 2 : Determine the Purchased raw materials for June
- = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)
= 50,400 + $14,250 - $12,600 = $52,050
Answer:
The correct answer for the following question is $1951.
Explanation:
FICA is know as Federal insurance contribution act, which is a federal law, that requires employer to withhold three distinct taxes from the wages of the employee. They're -
1) A social security tax which is 6.2%
2) Medicare tax which is 1.45%
3) Medicare surface tax of .9%, which is to be paid by a person who has income over $200,000
As the Asteria income is $25,500, she will not pay the last medicare surface tax, but she will pay both social security tax and medicare tax.
Social security tax = $25,500 x 6.2%
= $1581
Medicare tax = $25,500 x 1.45%
= $370
So the total amount withheld from her - $1581 + $370
= $1951
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