1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tiny-mole [99]
3 years ago
15

An employee has​ year-to-date earnings of $ 114 comma 400. The​ employee's gross pay for the next pay period is $ 4 comma 800. I

f the FICAlong dashOASDI is 6.2​% and the wage base is $ 118 comma 500​, how much FICAlong dashOASDI tax will be withheld from the​ employee's pay?​ (Answer is rounded to whole​ dollar.)
Business
1 answer:
NeTakaya3 years ago
5 0

Answer:

$254

Explanation:

First we must calculate the employee's remaining taxable portion = wage base - year to date earnings = $118,500 - $114,400 = $4,100

Then we multiply the employee's remaining taxable portion times FICA-OASDI tax rate = $4,100 x 6.2% = $254.20, we round down to the nearest dollar = $254

You might be interested in
The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decides to build
Nataly [62]

Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.

<u>Explanation:</u>

The problem is that of Multiple-server Queuing Model.

Number of servers, M = 2.

Arrival rate, \lambda= 6 boats per hour.

Service rate, \mu= 10 boats per hour.

Probability of zero boats in the system,\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\} = 0.5385

<u>Average number of boats waiting in line for service:</u>

Lq =[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0

= [\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385 = 0.0593 boats.

The average time a boat will spend waiting for service, Wq  =  0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.

The average time a boat will spend at the dock, W =  0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.

4 0
2 years ago
According to lewin's change model, the _____ stage involves providing employees with new information, new behavioral models, or
Sati [7]

<span>The answer to this question is unfreezing stage. Unfreezing stage is the stage of preparing the people to move and leaving the comfort zones. In this stage, in order for the unfreezing stage to become successful, the managers or leaders should command employees to embrace change end educate the people that change is needed to reach the company’s goal.</span>

3 0
2 years ago
Which level of management sets general​ policies, formulates​ strategies, approves all significant​ decisions, and represents th
qwelly [4]

Answer: Top managers.

Explanation: Top managers examples are board of directors, president, vice-president, and CEO. These managers are duly responsible for controlling and overseeing the entire organization. They set and develop goals, strategic plans, company policies, and make decisions on the direction of the business. These top managers are responsible for controlling and overseeing the entire organization with the aim of achieving organization goals.

5 0
2 years ago
Which of the following is an advantage of multiple-choice achievement tests over holistic performance-based assessments? Group o
garri49 [273]

Answer:C. Multiple- choice achievement test are criterion -referenced

Explanation:

They can be used to measure different qualitative and quantitative resources of the sample been observed.

3 0
2 years ago
Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
dezoksy [38]

Answer: $40

Explanation:

Selling price can be calculated through the contribution margin equation;

Contribution margin = (Selling Price - Variable cost) / Selling Price

Contribution margin = Fixed costs/break-even point

= 660,000/1,100,000

= 60%

60% = (Selling Price - 16) / Selling Price

Selling price * 60% = Selling price - 16

16 = Selling price - (0.6 * selling price)

16 = Selling price * 40%

16/40% = Selling price

Selling price = $40

3 0
2 years ago
Other questions:
  • Jack, Jamie, Ronnie, and Stephan own the only computer software manufacturing companies in the country. When Jack increases the
    11·2 answers
  • Marvin and maria start selling handmade jewelry to distributors nationwide, and intend to form an llc. marvin and maria enter in
    12·1 answer
  • The screening process involves . A. choosing a setting to have group B. deciding how to publicize C. choosing a co-leader D. int
    9·1 answer
  • 4-21 (Algo) Reporting an Income Statement, Statement of Stockholders' Equity, and Balance Sheet LO4-2 Green Valley Company prepa
    11·1 answer
  • A ________ identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use
    9·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accoun
    6·1 answer
  • Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann
    11·1 answer
  • Economics
    12·1 answer
  • A country exports $75 million worth of steel to the United States and sells it for $60 million in order to establish a new marke
    6·2 answers
  • mcgraw hill Question Mode Multiple Choice Question Upper-echelons theory views organizational outcomes as a reflection of the va
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!