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oee [108]
3 years ago
13

Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c

ontributions – benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%]. If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category? $
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

voluntary contribution  $97150

Explanation:

data provided:

tax rate: 2.3%

reserve ratio- 8-10%

average payroll = $971,500

Assume voluntary contribution ="X "

From the information given in the question we have

\frac{X}{971500} = 10%

here we have taken max reserve ratio  i.e. 10%

"X" = 971500*0.10

       = $97150

we know that, from the question present contribution minus benefit is equal to $93,500

hence, extra contribution = 97150 - 93500 = $3650

extra contribution = $3650

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Answer:

job 429 -WIP      3040 debit

job 430 -WIP      4020 debit

job 431 -WIP       4740 debit

factory overhead 900 debit

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--to record materials requisions--

job 429 -WIP      2,300 debit

job 430 -WIP      3,400 debit

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--to record wages tickets--

job 429 -WIP      1,426 debit

job 430 -WIP      2,046 debit

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Explanation:

job 429 -WIP:  2300 x 62% =  1,426

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3 years ago
Of the 141 companies on the list, jason chose to survey only 75 of them. he sent surveys to both small as well as large companie
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Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7
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Answer:

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