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
Thepotemich [5.8K]
3 years ago
8

Which of the following is not a payroll tax deduction? federal payroll tax state payroll tax FICA sales tax

Business
1 answer:
Morgarella [4.7K]3 years ago
7 0

Answer: The Correct Answer is Sales tax.

Explanation:

Sales tax is the Tax forced by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is forced on the salary of the employees and this tax is forced by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.

You might be interested in
Buffalo Corporation purchased warehouse shelving for $96,000, terms 1/10, n/30. At the purchase date, Buffalo intended to take t
Murrr4er [49]

Answer:

Office Equipment (Debit)                  96,000

Accounts Payable (Credit)                96,000

Explanation:

Buffalo Corporation should have made the above stated entry. As the equipment is supposed to start depreciation from the date of purchase (when the asset is available for use as intended by management). Since the corporation intended to take the discount by paying early within the number of days allowed so upon payment the following entry should be made.

Accounts Payable (Debit)                             96,000

Purchase Discount Income (Credit)                9,600

Cash (Credit)                                                  86,400

4 0
3 years ago
Which of these countries have a command economy A.cuba b.united states c.france or d. india
EastWind [94]
The correct answer is A
3 0
3 years ago
Read 2 more answers
What is the biggest attraction for business considering enganing in international business?
kvasek [131]
Option D. The size of the market

This is because they have an idea that with a larger market size the can gain economies of scale and make a larger profit.
3 0
3 years ago
Companies like hewlett-packard and frito-lay routinely monitor blogs to gain insight into
elena-s [515]

customer complaints and suggestions

5 0
3 years ago
Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine
sergeinik [125]

Answer:

The company's high-volume products are overcosted.

Explanation:

Vanguilder is currently using a <em>traditional costing </em>which is easy because it often just divides some types of costs equally between different items.

To understand this we take the assumption given in the question that Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine hours.

So, lets say that Vanguilder is producing 2 products then how will you divide the machine hours between these 2 products?

It's Easy;

The total cost of machine hours divided by units produced and we get the $ amount for each product. But what if product 1 uses more machine hours then product 2?

Is it still fair to write down same amount of machine hours for each product.

We should write bigger machine hour cost for the product 1, right?

This is where Activity Based Costing is different from Traditional Costing.

However, <em>Activity Based Costing</em> finds ways to divide or allocate these costs more proportionally or fairly.

We can write a higher cost for product which use more machine hours.

Hence the following option would be correct:

<em>The company's high-volume products are overcosted. </em>

As, low-volume products require less production allocated using overhead (such as machine hours) than high-volume products. Therefore low-volume product are  undercosted, while high-volume product are overcosted.

6 0
3 years ago
Other questions:
  • Is marketing an art form in the digital age? Why or why not?
    13·1 answer
  • PLEASE HELP ME!!!!!!!
    6·2 answers
  • Which of the following statements is CORRECT? a. Suppose some of a publicly-traded firm's stockholders are not diversified; they
    10·1 answer
  • Economies of scope Question 21 options: stem from the cost-saving efficiencies of scattering a company's manufacturing/assembly
    6·2 answers
  • Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
    8·1 answer
  • During its most recent fiscal year, Raphael Enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. Fixed cost
    7·1 answer
  • How does clothing satisfies human want​
    5·1 answer
  • Kunkel Company makes two products and uses a conventional costing system. A single plantwide predetermined overhead rate is comp
    10·1 answer
  • Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000
    6·1 answer
  • Milan Company issued bonds with a face value of $200,000 on January 1, 2018. The bonds had a 7 percent stated rate of interest a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!