Answer:
d. portion of FICA taxes and any voluntary deductions.
Explanation:
The net pay or take-home salary is computed below:
= Gross earnings - income tax withholding - employee's portion of FICA taxes - voluntary deductions
The FICA tax comprises of medicare tax and the social security in which the contribution of both employer and employee is required.
So, after deducting the FICA taxes, deductions, and income tax withholding from the gross earning, the net income come
As a handy tip, we were told that in order to convert the lease factor of a certain amount or transaction to interest rate, we just have to multiply the value by 2, 400.
interest rate = (0.00065)(2400) = 1.56%
Thus, the answer for this item is 1.56%.
Answer: $6
Explanation:
Total production of oranges= 4
Total production of candy bars=10
Each orange sells for=$0.25
Total market value of orange production=price × quantity
=$0.25×4
=$1
Each candy bar sells for= $0.50
Total market value of candy bar production=price of candy bar × quantity of candy bar
=$0.50 × 10
=$5
The economy produces oranges and candy bars.
The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production
=$1 + $5
=$6
Answer: FALSE
Explanation: The partnership agreement dissolves when any of the partners in the business dies or became bankrupt. Then the remaining partner or partners in the entity calculates whether the dissolving partner owed them money or are they obligated to pay his heir any amount.
After such calculations appropriate adjustments in different accounts are done accordingly.
I think it’s false !! :)) Lmk if it’s right !?!
