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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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5 0
1 year ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
yanalaym [24]

Answer:

The Legume Division's net operating income last year was d. $45,000

Explanation:

Turnover (on operating assets) = Total Sales/ Operating assets

From the formula,

Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000

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7 0
3 years ago
How much total depreciation and amortization expense did Patnode record during 2015?
Oxana [17]

Answer:

d. $5,000

Explanation:

Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:

total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000

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3 years ago
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8 0
3 years ago
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vladimir1956 [14]

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