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3 years ago

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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Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

Paladinen [302]

Answer:

Overhead at the end of the year was $3,570 under-applied

Explanation:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $521,220 ÷ 21,900 hours

= $23.8

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 21,750 hours × $23.8

= $517,650

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $521,220 - $517,650

= $3,570 under-applied

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4vir4ik [10]

Answer:

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Choose all that apply. Select each of the costs or consequences of being financially irresponsible. having a low credit score ea

Aleksandr [31]

I feel all can apply?
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Arlecino [84]

Answer: difficult and not as clear-cut as U.S. firms would like them to be

Explanation:

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When shares of stock that were issued to the public are later bought and sold among investors on the stock exchange, the issuing

Degger [83]

Last option is correct. The issuing corporation does not record any entry because it doesn't receive or give anything of value.

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Read more on shares and stock here: brainly.com/question/25818989

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