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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.

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What is most likely a consequence of paying most or all of a salesperson's compensation in the form of commissions?
Aleksandr-060686 [28]

A consequence of paying most or all of a salesperson's compensation in the form of commissions is It encourages the salesperson to focus on closing the sale.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

A commission is a fee a broker or investment advisor charges for handling a client's purchases and sells of securities or for offering financial advice.

Learn more about commissions here

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6 0
2 years ago
Fill in the correct words for the skills that Sharia used to make a career plan.
gogolik [260]
#1 goal-setting #2 decision-making
8 0
3 years ago
Read 2 more answers
Government Purchases $15 Personal Consumption 120 Gross Investment 25 Consumption of Fixed Capital (depreciation) 5 Exports 8 Im
beks73 [17]

Answer: $156

Explanation:

The gross domestic product is referred to as the value of the final goods which a particular country produces for that economy.

Based on the information given, the GDP will be calculated as:

GDP = C + I + G + X - M

where C = consumption = $120

I = Investment = $25

G = government purchases = $15

X = exports = $8

M = imports = $12

GDP = C + I + G + X - IM

GDP = $120 + $25 + $15 + $8 - $12

GDP = $156

4 0
3 years ago
Nikkei Bike Parts testified before Congress defending the company against an accusation that it was dumping parts on the U.S. ma
liubo4ka [24]

Answer: The correct answer is "Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.".

Explanation: In her testimony, the president claimed<u> Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.</u> Using traditional guidelines, Congress determined that Nikkei was not dumping.

It is known as dumping when companies sell products at a lower price abroad than they sell in their country.

7 0
3 years ago
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500
Gwar [14]

Answer:

Gross profit per unit=  $7.28

Explanation:

Giving the following information:

Job #266 consists of:

2,500 tiles; each tile sells for $12.00.

The following direct materials were requisitioned for Job #266:

Basic terra cotta tiles: 2,500 units at $4.00 per unit

Specialty paint: 5 quarts at $7.00 per quart

High gloss glaze: 4 quarts at $12.00 per quart

Labor time records show the following employees worked on Job #266:

Alice Cooper: 18 hours at $24 per hour

Matthew Kline: 20 hours at $13 per hour

Sierra Ceramics allocates manufacturing overhead at a rate of $27 per direct labor hour.

Gross profit= Sales - direct materials - direct labor - manufacturing overhead

Sales= 2500*12= $30,000

Direct materials:

Basic terra cotta tiles: 2,500*$4.00= $10,000

Specialty paint: 5*$7.00= $35

High gloss glaze: 4*$12.00= $48

Total= $10.083

Direct labor:

Alice Cooper: 18*$24= $432

Matthew Kline: 20*$13= $260

Total= $692

Manufacturing overhead= $27*38hours= $1026

Gross profit= 30000 - 10083 - 692 - 1026= $18,199

Gross profit per unit= 18199/2500= $7.28

3 0
4 years ago
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