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BaLLatris [955]
3 years ago
15

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Business
1 answer:
andre [41]3 years ago
4 0

Answer:

Explanation:

The organization is situated in a state with a credit decrease of 1.5 %, in this way we would register its FUTA charge by diminishing the 6% FUTA charge rate by a FUTA credit of just 3.9%, Which is the standard 5.4% credit short the 1.5 % credit decrease  

This would give a compelling FUTA charge pace of 2.1 % for the year  

In states that are not liable to credit decrease, the compelling FUTA charge rate stays 0.6%  

The viable expense pace of FUTA will be 2.1 % for our situation.  

In states that are not liable to credit decrease, the viable FUTA charge rate stays 0.6%  

The powerful duty pace of FUTA will be 2.1 % for our situation.

Taxable payroll = $192,700

FUTA tax liability for the year = 7,000 × 2.1 % = $147 per year which the employer has to deposit

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Which of the following encourages consumers to choose a specific brand by offering a​ short-term price​ break?
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(E). Rebates

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Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
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6 0
3 years ago
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
lara [203]

Answer:

The correct answer is $13.900.

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To carry out the verification balance, the nature of the accounts presented in the normal balance of the organization must be taken into account. We have that the assets and income have a debit nature, so it is necessary that the corresponding to that premise are:

Accounts receivable $ 1,800 - Active

Insurance expenses $ 1,300 - Expenses

Prepaid insurance $ 2,000 - Expenses

Land $ 3,000 - Active

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TOTAL DEBITS: $ 13,900

8 0
3 years ago
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