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2 years ago

The government uses indexing to revise tax brackets so that workers do not pay higher taxes just because

1 answer:

3 0

The answer to this statement is letter a. of individual income taxes. The government uses indexing to revise tax brackets so that workers do not pay higher taxes just because of individual income taxes. This is to ensure equality of income between workers.

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The following totals for the month of June were taken from the payroll records of Seminole Company: Salaries, $100,000 FICA taxe

tekilochka [14]

Answer:

Given that,

Salaries = $100,000

FICA taxes withheld = $7,650

Income taxes withheld = $18,000

Federal unemployment taxes = $450

State unemployment taxes = $2,100

Therefore,

Payroll Tax Expense:

= FICA taxes withheld + Federal unemployment taxes + State unemployment taxes

= $7,650 + $450 + $2,100

= $10,200

The journal entry is as follows:

Payroll Tax Expense A/c Dr. $10,200

To FICA taxes withheld $7,650

To Federal unemployment taxes $450

To State unemployment taxes $2,100

(To record accrual of employer’s payroll taxes)

6 0

3 years ago

Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage

liubo4ka [24]

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of 1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is $p(x \geq 5) \leq 0.01$

We know that for p = 0.8, $p(x \geq 5) = 0.0452$

Now using binomial simulation, we can determine that $p(x \geq 5) \leq 0.01$ for p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

8 0

3 years ago

A drought in California destroys many red grapes. As a result of the drought, the consumer surplus in the market for red grapes

Ira Lisetskai [31]

Answer:

Explanation:

because if you raise it high enough you can get less people to buy seen it in a lot of places

4 0

3 years ago

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

photoshop1234 [79]

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

5 0

3 years ago

Who do you contact when its time to enroll in a repayment plan.

miv72 [106K]

Your loan servicer, or you could go to a financial aid website and go to the help/contact section, you may get a more straightforward answer from a professional

7 0

2 years ago