What percentage of gross income is withheld as an employee's contribution to medicare?

If i filed my taxes on jan 31 when should i get them back.

Natali5045456 [20]

February 25th(direct deposit),March 4th(mailed check)

4 0

3 years ago

Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, w

Ghella [55]

Options:

A. Subjective statement

B. Misrepresentation of a fact knowing that it is false.

C. Puffery

D. Seller's talk

Answer:B. Misrepresentation of a fact knowing that it is false.

Explanation:The misrepresentation of fact is a term used most often in the legal system to describe one of the steps or attitudes of people who are fraudulently inclined and want to go into contracts.

Misrepresentation of fact is an untrue statement or dishonest acts aimed at fraudulently inducing one or more persons to commit to a contract,this type of activity is abnormal and common to people who want to steal.

7 0

3 years ago

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

skad [1K]

Answer and Explanation:

The Preparation of income statement, retained earnings statement, and balance sheet is prepared below:-

Elliptical Consulting

Income statement

For the Year Ended June 30, 2016

Particulars Amount

Revenue

Fees earned $60,000

Less:

Expenses

Salary expense $32,375

Supplies expense $2,100

Depreciation expense $1,500

Miscellaneous expense $2,000

Total expense $37,975

Net income $22,025

Elliptical Consulting

Retained earning

For the Year Ended June 30, 2016

Particulars Amount

Opening balance $52,200

Add:Net income for the year $22,025

Total $74,225

Less: Dividends $2,000

Closing balance of retained

earnings $72,225

Elliptical Consulting

Balance Sheet

For the Year Ended June 30, 2016

Particulars Amount

Assets

Cash $27,000

Accounts receivable $53,500

Supplies $900

Total current assets $81,400

Property plant and equipment

Office Equipment $30,500

Less:Accumulated

Depreciation $6,000 $24,500

Total Assets $105,900

Liabilities & Stockholder's Equity

Accounts payable $3,300

Salaries payable $375

Total liabilities $3,675

Stockholder's Equity

Common Stock $30,000

Retained earnings $72,225

total stockholders Equity $102,225

Total liabilities and Stockholder's

Equity $105,900

8 0

3 years ago

Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste

fenix001 [56]

Answer:

Best reorder size = 216

Reorder point = 35

Explanation:

Required:

Using the above information, find the best order size and the reorder point.

To find the best order size, EOQ, use the formula:

$EOQ = \sqrt{\frac{2DS}{H}}$

$= \sqrt{\frac{2*3500*50}{0.25*30}}$

$= \sqrt{\frac{350000}{7.5}}$

$= 216.02$

Best reorder size is 216 mufflers

To find the reorder point, use the formula:

R = d' L + z $\sigma_L$

Where d' = average daily demand

L = lead time in days

z = number of standard deviation from a specified probability

$\sigma_L$ = standard deviation of usage in lead time

Daily demand, d'= $\frac{3500}{300} = 12$

12 mufflers

Since lead time is 2 working days, standard deviation of lead time $\sigma_L = \sqrt{2} * 6 = 8.48$

Therefore,

R = d' L + z $\sigma_L$

= (12 * 2) + (1.28 * 8.48)

= 24 + 10.9

= 34.9

Approximately 35

Reorder point is = 35 mufflers

8 0

3 years ago

If the marginal rate of technical substitution for a cost minimizing firm is -10, and the wage rate for labor is $5, what is the

iVinArrow [24]

Answer:

$ -0.5

Explanation:

From the information given:

The marginal rate of technical submission MRTS = -10

Wages W = $5

The marginal rate of technical submission MRTS = Wages/ Rental rate of capital

∴

Rental rate of capital = Wages/marginal rate of technical submission MRTS

Rental rate of capital = 5/-10

Rental rate of capital = $ -0.5

3 0

3 years ago