1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EastWind [94]
3 years ago
13

Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $2,600.00 and had

federal and state income tax withholdings of $130.00 and $48.75, respectively. FICA taxes are 7.65 % on earnings up to $117,000. State and federal unemployment taxes for the period are $162.50 and $26.00, respectively. What is the employer's payroll tax expense for the week?
Business
1 answer:
devlian [24]3 years ago
7 0

Answer:

$387.40

Explanation:

FICA Taxes ($2,600 x 7.65%)                              $198.90

State Unemployment Taxes                                $162.50

Federal Unemployment Tax                                 $26.00

Employer's payroll tax expense for the week  $387.40

Social Security and Medicare are combined called as FICA taxes and employer made the same contribution as of employee.

State and Federal Unemployment Tax is solely for employer only.

The rest are employee related taxes.

You might be interested in
Estée lauder would not choose to sell to cvs or dollar general because ________.
castortr0y [4]
Estée lauder would not choose to sell to cvs or dollar general because "<span>customer expectations."</span>

Estée Lauder would not choose to sell to CVS or Dollar General since its clients would not expect to shop at those stores for top of the line makeup. Rather, CVS may convey less costly cosmetic brands, as Revlon and Maybelline.

4 0
4 years ago
When workers are not motivated to achieve organizational goals, the fault is often with the workers themselves. true false?
qaws [65]
False it may be from the organization itself they might try rewarding the worker for example a company might take the workers to expensive workshops or to a trip as a type of reward or giving them a bonus to their salaries or a health insurance or a simple thing like involving them in a decision this may motivate the worker and make them feel part of the company   <span />
3 0
3 years ago
The higher the firm's flotation cost for new common equity, the more likely the firm is to use preferred stock, which has no flo
kirill115 [55]

Answer:

B. False

Explanation:

Flotation costs are cost that are concerned with issuing new common stock. It is the amount of money or cost incurred by an organization when offering its securities to the public. The cost may include legal fees, auditing fees and registration fees. When the flotation cost goes higher, firms are more likely to use debts rather than preferred stock. This is simply because debt is lesser than both common stock and preferred stock. Also, its fallacy to think that preferred stock doesnt have flotation cost. Its only that its not as high as the ones for new common equity.

8 0
3 years ago
The functional distribution of income shows the distribution of income among​ ______ and the personal distribution of income sho
lutik1710 [3]
<span>The functional distribution of income shows the distribution of income among factors of production and the personal distribution of income shows the distribution of income amonghouseholds. The function distribution is attributed to the company performance, so it does look in to resources and the all levels of staff where as the personal distribution is associated with a single individual who is concerning towards his household.</span>
5 0
4 years ago
Facebook ads are considered to be the fastest growing type of advertising in the united states.​
meriva
<span>Yes,the Facebook ads are considered to be the fastest growing type of advertising in the united states because Facebook is one of the most popular technology growing towards the people.Even Children have their Facebook accounts to connect with their friends.So advertisements published through Facebook will reach the all kind of age group people so that product will become more popular.</span>
7 0
4 years ago
Other questions:
  • Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th
    15·1 answer
  • When launching any technology product, a firm such as GoPro must create a balance between what is technically possible and wheth
    14·1 answer
  • Select all the correct answers.
    5·1 answer
  • Drew contracts to sell a house to Evan. The contract provides that if Drew does not sell the house by February 10, he must pay E
    5·1 answer
  • ou may pay $15,000 for an annuity that pays $2500 per year for the next 10 year. You want a real rate of return of 5%, and you e
    15·1 answer
  • Here, the rod has a diameter d of 16 centimeters. The length from point A to point B, LAB, is 2 meters, and the length from poin
    15·1 answer
  • Two independent companies, Hager Co. and Shaw Co., are in the home building business. Each owns a tract of land held for develop
    5·1 answer
  • The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for​ 2015: Workers Total Pounds of Macada
    15·1 answer
  • A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha
    14·1 answer
  • Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transfe
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!