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Ksivusya [100]
3 years ago
12

​Brad's gross pay for the month is $ 6 comma 400. His deduction for federal income tax is based on a rate of 22​%. He has no vol

untary deductions. His yearminustominusdate pay is under the limit for OASDI. What is​ Brad's net​ pay? (Assume a FICAlong dashOASDI Tax of 6.2​% and FICAlong dashMedicare Tax of 1.45​%. Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
Business
2 answers:
Mrrafil [7]3 years ago
5 0

Answer:

$4,502.40

Explanation:

Brad's net pay equals:

gross  pay                                          $6,400.00

-federal income taxes 22%              ($1,408.00)

-Social security (OASDI) 6.2%            ($396.80)

<u>-Medicare (Fed Med/EE) 1.45%            ($92.80)  </u>

net pay*                                              $4,502.40

FICA taxes include both social security (OASDI) and medicare taxes (Fed Med/EE).

*Generally state taxes and health care premiums are also deducted, but they were not included in this question.

Lera25 [3.4K]3 years ago
3 0

Answer:

$4,502

Explanation:

​Brad's gross pay for the month is $6,400. His deduction for federal income tax is based on a rate of 22​%.

Brad's net​ pay if we assume a FICAlong - OASDI Tax of 6.2​% and FICAlong -Medicare Tax of 1.45​%. will be:

His gross pay for the month less all the statutory deductions

$6400 - [(0.22 x 6400) + (0.062 x 6400) + (0.0145 x 6400)] = $4,502

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Rashid [163]

Answer:

3- Device Types

4- Location

Explanation:

These 2 settings can help Marta in targeting the specific audience she wants to.

  1. Location Settings allows your campaign to reach the location of your choice, where Marta feels that the most relevant audience belongs.  For example, if she feels that her customers mainly belong to Houston, so she could specify her campaign to Houston to save money instead of running the campaign in every part of the country.
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8 0
3 years ago
intext:"If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for
valkas [14]

Answer:

the seller must record the land at the purchase price = $137,000

Explanation:

Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.

8 0
3 years ago
Laguna Print makes advertising hangers that are placed on doorknobs. It charges $0.20 and estimates its variable cost to be $0.1
REY [17]

Answer:

The break-even point is 130,000 hangers

Explanation:

Break-even point is fixed costs divided by contribution margin per hanger

The fixed costs here is $2600

the contribution margin is computed thus:

Price per hanger        $0.20

variable costs             ($0.18)

Contribution margin    $0.02

The break-even point =$2600/$0.02

                                     =130,000 hangers

The fact that the increase in variable costs cannot be passed to customers implies that the price of the hanger remains $0.20 and the variable cost per unit becomes $0.18 instead of the original $0.16.

The break-even point is the number of hangers to be sold at which no gain or loss is realized.

6 0
3 years ago
Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales
7nadin3 [17]

Answer:

A) Flattened management hierarchies

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Organizations are usually shaped like pyramids, with the vast majority of the employees being at the bottom of the pyramid, and the number of supervisors and managers shrinking as you go up. Traditional organizations tend to have a lot of management levels and are very tall, while more modern organizations have much fewer management levels and are much shorter and flatter.

In this case, since two management levels have been eliminated, the organizational pyramid is shorter and flatter.

7 0
3 years ago
Thomas Klutz obtained a franchise from Kahala Franchise Corp. to operate a Samurai Sam's restaurant. Under their agreement, Klut
Musya8 [376]

Answer: Yes they are

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With a franchise, one is given permission to use another Company's name, brand or any other thing decided in the agreement with the franchisee agreeing to pay the franchisor for this permission / license.

Usually, as was the case here, the franchisor requires knowledge of a sale of a franchise because it carries their name.

Thomas Klutz knew of this agreement and yet neglected to tell William Thorbecke.

When Kahala found out about this they demanded understandably that Mr. Thorbecke stop using their intellectual property because they didn't give him permission.

This must have caused Mr. Thorbecke some sort of losses and so he decided to stop paying the note on the basis of fraud and breach of contract.

He would be right in both cases because there has been a breach of contract as he can no longer engage in Business properly. A business he bought and paid for in good will. Also he was sold the restaurant without being told that it was a franchise so he thought he had bought an original and this constitutes fraud due to misrepresentation.

8 0
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