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
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

=  $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

                                                                = 14,000 + 8,000

                                                                = 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0
3 years ago
In East Germany, back before the Berlin wall fell, there was one manufacturer of cars (VEB Sachsenring Automobilwerke Zwickau).
Anastasy [175]

Answer:

Command

Explanation:

Based on the information given the East Germans were living with COMMAND economy.

COMMAND ECONOMY occur in a situation where people are be authoritated, instructed or directed to do something without giving them the right to Decide and acquired what they want , desire or wish to have.

A country economy can be tend to be classified as a COMMAND ECONOMY when the government of such country are in total controlled of the economy of the country just as in the case of East Germany.

Therefore East Germans were living with what COMMAND economy.

5 0
3 years ago
Caribbean Reef Software has 8.4 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments
Zepler [3.9K]

Answer:

9.14%

Explanation:

Calculation for YTM

First step is to use financial calculator to find the I which represent Interest rate

FV = 1,000

PMT= 1,000*8.4%/2= 42

N= 9years*2= 18

PV= -955

Hence,

I= 4.57%

Now let calculate YTM

YTM = 4.57%*2

YTM =9.14%

Therefore YTM will be 9.14%

5 0
3 years ago
A company has a $4,000, 270-day, 6%, note payable recorded on its books which was dated July 2, 2013. The interest expense is pa
tensa zangetsu [6.8K]

Answer:

Interest expense accured = $121.33 (

Explanation:

The exact number of days from July 2 through December 31, 2013 is 182 days.

The accrued interest  (182/360) x $4,000 x 6% = $121.33

5 0
3 years ago
Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all the equipmen
aliya0001 [1]

Answer:

Inheritance

Explanation:

The above question highlights example of inheritance. Whenever the ownership of business is transferred from one generation to another, it can be taken as an example of inheritance in a capitalist system.

The same has happened in the above question as well. Chet Bowes who owned his own lanscapped business has now transferred the ownership to his son Josh who has recently taken charge, now it is very much clear from the question neither Josh built the company on his own now was hired on the basis of his capabilities, the transfer happened on the basis of his relationship with the owner of the company. The question shows an example of inheritance.

5 0
3 years ago
Other questions:
  • Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,
    6·1 answer
  • The imposition of a binding price floor on a market causes quantity demanded to be
    11·1 answer
  • A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The
    10·1 answer
  • The direct labor budget begins with the required production in units from the production budget.
    7·1 answer
  • An owner wants to sell his house and prefers to save the commission. He lists with a broker on the basis that if the property is
    10·1 answer
  • In the middle of this decade, the United States imported about $800 billion more in goods and services than it exported, thereby
    11·1 answer
  • A company borrows $500 million from a bank to finance the construction of its headquarters building. The terms of the loan are a
    6·1 answer
  • For customers purchasing a refrigerator at a certain appliancestore, let A be the event that the refrigerator wasmanufactured in
    14·1 answer
  • g The difference between the small business owner and the entrepreneur is that the entrepreneur: Group of answer choices assumes
    12·1 answer
  • 1. Do you think the day will come when people no longer use cash? Why, or why not?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!