Answer:
![\left[\begin{array}{CCCccc}&accumulated&OASDI&HI&SUTA&FUTA\\KEN&6000&360&90&324&36\\ANN&146500&7020&1755&378&42\\LORI&119500&7020&1755&378&42\\TIM&60200&3612&903&378&42\\KATHLEEN&106900&6414&1603.5&378&42\\KITTY&36900&2214&553.5&378&42\\STEVE&89000&5340&1335&378&42\\MICHELLE&117000&7020&1755&378&42\\JHON&4000&240&60&216&24\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7BCCCccc%7D%26accumulated%26OASDI%26HI%26SUTA%26FUTA%5C%5CKEN%266000%26360%2690%26324%2636%5C%5CANN%26146500%267020%261755%26378%2642%5C%5CLORI%26119500%267020%261755%26378%2642%5C%5CTIM%2660200%263612%26903%26378%2642%5C%5CKATHLEEN%26106900%266414%261603.5%26378%2642%5C%5CKITTY%2636900%262214%26553.5%26378%2642%5C%5CSTEVE%2689000%265340%261335%26378%2642%5C%5CMICHELLE%26117000%267020%261755%26378%2642%5C%5CJHON%264000%26240%2660%26216%2624%5C%5C%5Cend%7Barray%7D%5Cright%5D)
HI OASDI SUTA FUTA TOTAL
Employer 9810 39240 3186 354 52590
Employee 9810 39240 49050
TOTAL 19620 78480 3186 354 101640
Explanation:
We will compare the accumulated wages with the celling of each tax and apply the tax-rate oto the lower amount.
Then FUTA and SUTA will only be paid by the employeer.
Also, the employeer contributes the same amount for Hi and OASDI as the employees
Answer:
a. $720,000
Explanation:
Since in the question, it is given that the equipment is sold at the list price
The list price is $800,000 and the selling percentage is 90%
So, the revenue should be recorded
= List price × selling percentage
= $800,000 × 90%
= $720,000
Simply we multiplied the list with the selling percentage so that the correct amount can come
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Answer:
D. Holding cost per unit per year is dependent on the selling price per unit.
Explanation:
The formulas are shown below:
Economic order quantity:
=
The number of orders would be equal to
= Annual demand ÷ economic order quantity
The average inventory would equal to
= Economic order quantity ÷ 2
The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
Carrying cost = average inventory × carrying cost per unit
If in the question, the carrying cost is given in the percentage than the per unit cost is come after multiplying it with the selling price per unit
Answer:
."Balance" the accounting equation by increasing expenses.
Explanation:
If an organization wants to manipulate its accounting records so that it could conceal their fraud so the best way is to balance the accounting equation by increasing the expenses so no one can judge it and they can fulfill their objective
Here,
Accounting equation is
Total assets = Total liabilities + stockholder equity
The company increases their expenses with a motive to earn high income and wants to hide it by this method
So in the given case, the same method is applied