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mamaluj [8]
3 years ago
10

If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the

late payments that would have been allowed as a credit if the contributions had been paid on time? a. 0% b. 90% c. 20% d. 5.13% e. 6.2%
Business
1 answer:
Masteriza [31]3 years ago
3 0

Answer:

B) 90%

Explanation:

In order for an employer to qualify for the maximum credit against FUTA taxes (Federal Unemployment Tax Act), they have to file their annual return in time and also pay their state contributions in time. If they file their report late or miss the  state contributions due date, they will be sanctioned by lowering the maximum credit from 5.4% to 4.86% (90% of maximum credit).  

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What is the historical origin of carrot cake​
PtichkaEL [24]

Answer:

carrot cake originated from such carrot puddings eaten by Europeans in the Middle Ages, when sugar and sweeteners were expensive and many people used carrots as a substitute for sugar.

7 0
2 years ago
Read 2 more answers
Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap
quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with  data;

Date                  Amount

April 5                 $10

April 10                $12

April 15                $14

April 20                 $16

April 22                 $17

Total cost             69    

Average cost = total cost /total quantity

                       = 69/5

                       =13.8

The cost of the ending inventory is given on the balance sheet below

Date      Purchases              Cost of            Inventory Bal.   Avg Cost

                                            goods sold

April 5   $10* 1 unit= $10                -                        $10               10/1 = $10

April  10  $12* 1 unit=$12               -               10+ 12 = 22            22/2 = 11

April  15   $14* 1 unit=$14                  -           22+14 =36              36/3 = 12

April 20   $16* 1 unit= $16                  -          36 +16 =52            52/4 = 13

April 22    $17* 1 unit = $17                 -          52+17 =69            69/5 = 13.8

April 25             -           1 unit*13.8 = 13.80      69 - 13.8 = 55.20

5 0
3 years ago
1. A creditor's claim to the property of an individual or business is called
skad [1K]

Answer:

c. liabilities.

Explanation:

liabilities are the creditors claims to the assets of the business/property.

7 0
2 years ago
Joe's Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective ca
Nat2105 [25]

Answer:

Design Capacity Utilization= 75%

Production efficiency = 120%

Explanation:

Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there

1. The Capacity Utilization = The Actual Output/ Design Capacity

Actual Output= 300 hamburgers a day

Design Capacity = 400 Hamburgers a day

Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100

= 75%

2. The Efficiency of the production = The Actual Output / The Effective Capacity

Actual Output = 300 Hamburgers a  day

Effective Capacity = 250 hamburgers

= 300 Hamburgers/ 250 Hamburgers x 100

= 120%

Conclusion

First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.

3 0
2 years ago
During the year, Amrerk Inc. recorded sales revenue of $200,000. The balance in accounts receivable increased by $4,000. The amo
marta [7]

Answer: Sales, receivables and Cash

Explanation: The amount of cash received from customers can be derived by preparing a journal entry that includes: sales, receivables and bank

Sales: sales is the actual exchange of product/service for cash. sometime, sales can be cash sales or credit sales.

for cash sales: Debit: Bank/Cash and Credit: Sales

for credit sales: Debit: Receivable account and Credit Sales

Receivable Account: This is an account were sales on credit(sales made without cash payment) are recorded until the debt is paid.

here, we Debit: Cash/Bank and Credit: receivable account

Cash: this is an account maintained for cash received from sales or from debtors. when cash is received: Debit Cash and credit account receivable /sales account.

4 0
2 years ago
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