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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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3 years ago
A _____ is applied to reduce estate tax when a large amount of real estate is for sale in one area.
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1 year ago
Quench, a bottled water supplier, has 5,496 bottles of water in their warehouse at the end of April. One third of the bottles we
Serjik [45]

Answer:

<u>COGS 6,786.75</u>

<u></u>

Explanation:

<u>First, </u>We calculate the beginning inventory:

5,496 x 1/3 = 1,832 bottles x $1 February =  $  1,832

5,495 x 1/3 = 1,832 bottles x $1.25 March = $  2,748

5,495 x 1/3 = 1,832 bottles x $1.75 April    = $  3,206

<u>Second,</u> We  start subtract the first units from the sales until get zero

<em>sales 4,925 </em>

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<em>          3,093</em>

        <u>-1,832</u> march bottles                    2,748

<em>          1,261</em>

        <u>-1,261</u> April bottles x 1.75 =          2,206.75

<em>                0</em>

<u>Third</u>, we add them to get the COGS

COGS 6,786.75

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3 years ago
The sides of a triangle measure 4, 6, and 7. If the shortest side of a similar triangle is 12, what is the perimeter of the larg
kogti [31]

Answer:

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12 divided by 4 is 3 so we'll multiply all of the smaller triangle by 3.

4 x 3 = 12

6 x 3 = 18

7 x 3 = 21

12 + 18 + 21 = 51

7 0
3 years ago
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