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AlexFokin [52]
3 years ago
7

To date, Jay Ward has cumulative earnings of $118,000. This week he is paid $3,000. The total amount of Social Security tax for

this week is (assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare):
Business
2 answers:
Gnoma [55]3 years ago
7 0
I really dont no what your question is or your options but if you are trying to see how much is taken out per year you take $118,500 × 6.2%+1.45% and its a little over $7,347.01, and if you are trying to solve per pay check same thing but use 3,000 not 118,500 which is $186.01 taken out
Airida [17]3 years ago
3 0

Answer:

$31.00

Explanation:

Jay Ward  has cumulative earnings of $118,000 it means he has already been taxed on his earning on $118,000.

Difference  = $118,500 - $118,000

                   = $500

So on this paycheck only $2,500 of his earnings are taxable for social security tax.

Social security tax rate = 6.2%

Social security tax amount = 6.2% × 500

                                            = 0.062 × 500

                                            = $31

Therefore, the total amount of Social Security tax for this week is $31.00.

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Answer:

Performance-reward relationship

Explanation:

Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.

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2 years ago
Ruben is a travel agent. He intends to sell his customers a special round-trip airline ticket package. He is able to purchase th
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Answer:

He would need to sell 130 ticket packages to break even

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.  

Fixed cost is cost that does not vary with output.

\frac{5200}{200 - 160}

\frac{5200}{40} = 130

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2 years ago
Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead b
kap26 [50]

Answer:

$9.2 0

Explanation:

The calculation of the Finishing Department is shown below:-

Plant - wide overhead rate = Total overhead ÷ Total machine hour

= ($470,000 + $737,900) ÷ ($470,000 + 133,950)

Plant wide overhead rate = $2 per machine hour

Machine hour for product = 4.2 + 0.4

= $4.6 machine hour

Applied overhead = Machine hour for product × Plant wide overhead rate

= $4.6 × $2

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6 0
3 years ago
Under the Federal Insurance Contributions Act, where do the funds for Social
emmasim [6.3K]

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social  Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

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If a seller facing excess demand is unable to raise the price of the good due to a price ceiling, a likely result will be:
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A likely result will be a decrease in the quality of a product.

The fee ceiling is a state of affairs while the price charged is greater than or less than the equilibrium fee decided with the aid of market forces of demand and deliver. It's been found that higher price ceilings are useless. price ceiling has been discovered to be of extraordinary importance within the residence rent marketplace.

A price ceiling is a legal maximum rate that one will pay for some good or carrier. A government imposes rate ceilings as a good way to preserve the price of some necessary precise or services low-cost. as an example, in 2005 at some stage after Hurricane Katrina, the price of bottled water expanded above $five according to the gallon.

A rate ceiling continues a fee from growing above a sure level (the “ceiling”), even as a fee ground continues a rate from falling underneath a given degree (the “ground”). This phase uses the call for and delivers a framework to research price ceilings. the following section discusses rate flooring.

Learn more about the price ceiling here brainly.com/question/1448982

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