1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rina8888 [55]
3 years ago
5

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t

his year and earned $11,200. The other six months he earned $6,900 working for McBride Company (a separate company). The amount of FUTA taxes to be paid on Mirer's wages by the two companies is
Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

$83.4

Explanation:

Under FUTA, only the first $7000 earning per year will be taxed. Any amounts above $7000 will be tax-exempt.

For Michael, the tax will be calculated as follows.

for the$11200 earned in Dawson company

=0.6% x $7000

=0.06/100 x 7000

=0.006 x 7000

=$42

Amount earned working at McBribe

=0.06% x 6900

=0.006 x $6900

=$41.4

Total to be paid by the two companies

=$42 + $ 41.4

=$83.4

You might be interested in
Business letters can be used to request information or action. Familiarize yourself with the organization of these direct reques
Leni [432]

The body of a direct request letter should request action with an end date.

Direct Request Letter- A petition filed by an individual in a tribunal of this state in a case involving an obligee, an obligor, or a child is referred to as a direct request. In business letters, you can ask for information or a specific action. Learn how these direct request letters are structured so you can effectively convey your goals and get the results you want.
Gather information about your request.
Form an outline
Identify yourself
Make your demand
Give a justification for the request.
Offer to supply extra details
Thank you for your time, and end the letter.
For more information about the Direct Request Letter Please refer to brainly.com/question/15279207
#SPJ4

3 0
1 year ago
Down payment assistance programs offer grants and affordable loans to help offset the upfront cost of homeownership
Law Incorporation [45]
Homebuyer programs provide access to down payment funds to help more families take advantage of these record low-interest rates now. 3. Helps offset FHA premiums and mortgage insurance. Over the years, FHA has been the primary place for many first-time homebuyers to get a low-cost, low down payment loan.
8 0
3 years ago
Read 2 more answers
The initial assessment of feasibility is made in theâ ________ phase of the systems development life cycle.
NARA [144]
A or d hope this helps
8 0
3 years ago
So its customers would not be lured by its competitors, wendy's decided to offer a 99-cent value menu to compete with the value
Alexandra [31]
This is an example of COMPETITION element of the immediate environment. 
In marketing, there are three elements of  consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.
6 0
3 years ago
Which of the following is a characteristic of the coverdell education savings account?
bulgar [2K]
D. There is a maximum yearly contribution limit
4 0
3 years ago
Read 2 more answers
Other questions:
  • Division ABC has $750,000 invested in assets and earned $200,000 in income. Division XYZ has $800,000 invested in assets and ear
    14·1 answer
  • AJ plans to attend a retreat on mindfulness. He paid a $500 nonrefundable registration fee, made a reservation at a hotel that c
    8·1 answer
  • Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0
    14·1 answer
  • To ensure efficient, clear, communication, the national incident management system characteristics recommend the use of:
    8·2 answers
  • Josh's weekly budget for lunch is $24. He eats only pizza and burgers. Each pizza costs $6 and each burger costs $3. Josh knows
    10·1 answer
  • Everfi answers module 7 answers if you cause a car accident, which type of insurance will require you to pay the least out of po
    7·2 answers
  • A young software development company recently went public. To attract investors, the company executives want to emphasize the am
    13·1 answer
  • Homestead Jeans Co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. Monthly fixed costs ar
    12·1 answer
  • Suppose that the demand for milk in the United States is represented by the following equation, where P is the price of a gallon
    11·1 answer
  • CARLIN:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!