Which of the following actions is a good example

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned

laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0

2 years ago

Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,338. FICA tax for S

deff fn [24]

Answer:

$1,057.86

Explanation:

Payroll taxes include:

Social security tax withholdings 6.2% (on the first $132,900 of wages paid) = 6.2% x $8,338 = $516.96
Medicare tax withholding 1.45% = 1.45% x $8,338 = $120.90
Federal unemployment taxes (FUTA) 0.6% = $7,000 x 0.6% = $42
State unemployment taxes (SUTA) 5.4% = $7,000 x 5.4% = $378

total payroll taxes = $1,057.86

4 0

2 years ago

One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by

KIM [24]

Answer: C. Using predetermined totals to control posting routines.

Explanation: A regulation total if developed for the agreement to be posted, then it should be set side by side with total of items posted to personal accounts. Therefore, The most adequate way to avert this kind of error is by applying predetermined totals to control stating the daily cycle.

Therefore, the correct option in this case is (c)

4 0

3 years ago

Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca

Flura [38]

Answer:

36%

Explanation:

For the computation of the company's return on equity first we need to follow some steps which is shown below:-

Step 1

Earnings before tax = EBIT - Interest

= $452,000 - $152,000

= $300,000

Step 2

Earnings after interest and taxes = Earnings before tax - Tax

= $300,000 - ($300,000 × 40%)

= $300,000 - $120,000

= $180,000

Step 3

Asset turnover ratio = Total revenue ÷ Total assets

3.6 = $4,000,000 ÷ Total assets

Total assets = $1,111,111.11

Step 4

Equity ratio = 1 - Debt ratio

= 1 - 0.55

= 0.45

Step 5

Total Equity = Equity ratio × Total assets

= 0.45 × $1,111,111.11

= $500,000

and finally

Return on Equity = Net income ÷ Equity

= $180,000 ÷ $500,000

= 0.36

or

= 36%

3 0

3 years ago

Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organizat

sergij07 [2.7K]

Answer:

The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

5 0

3 years ago