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oksano4ka [1.4K]
2 years ago
15

An employee has gross earnings of $1,200 and withholdings of $91.80 for social security and medicare taxes and $120 for income t

axes. the employer pays $91.80 for social security and medicare taxes, $9.60 for futa, and $64.80 for suta. the total cost of this employee to the employer is
Business
1 answer:
satela [25.4K]2 years ago
3 0

Given the following parameters:

The employer pays the employee (gross earnings) – $1,200

The employer pays for social security and medicare taxes – $91.80

The employer pays for the Federal Unemployment Tax Act (FUTA) – $9.60

The employer pays for the State Unemployment Tax Act (SUTA) –  $64.80


The total cost of this employee to the employer is the summation of all these costs
1,200 + 91.80 + 9.60 + 64.80 = $1366.20

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Jim has an annual income of $180,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners i
MariettaO [177]

Answer:

$787,471.02

Explanation:

Given:

Jim's annual income = $180,000

Monthly property taxes = $140

Monthly homeowners insurance = $70

Monthly student loan payments = $178

Maximum front end DTI limit = 28%

Maximum back end DTI limit = 36%

Amortizing period = 30 years = 360 months

annual rate = 4.5% compounded monthly

Now,

Monthly salary = \frac{\textup{Annual income}}{\textup{12 months}}

or

Monthly salary = \frac{\textup{180,000}}{\textup{12 months}}

or

Monthly salary = $15,000

Maximum front end DTI limit

= (Maximum Monthly loan payment + monthly property taxes + monthly homeowner's insurance) ÷ Monthly income

0.28 × $15,000 = Maximum Monthly loan payment + $140 + $70

Maximum Monthly loan payment = $4,200 - $140 - $70

= $3,990

and,

Maximum back end DTI limit =

or

0.36 × $15,000 = Maximum Monthly loan payment + $140 + $70 + $178

or

Maximum Monthly loan payment = $5,400 - $140 - $70 - $178

= $5,012

Now,

The monthly payment = minimum of [ $3990, $5012 ]

therefore,

The monthly payment = $3,990

Thus,

The maximum amount of loan = Monthly payment × [\frac{(1-(1+\frac{r}{k})^{-kn})}{(\frac{r}{k})}]

here,

k = 12 when compounded monthly

n  = 30 years

r = 4.5% = 0.045

The maximum amount of loan = $3,990 × [\frac{(1-(1+\frac{0.045}{12})^{-12\times30})}{(\frac{0.045}{12})}]

or

The maximum amount of loan =  $787,471.02

8 0
3 years ago
ProDairy Inc reduced the prices of its products to combat competitors that were selling dairy products at lower prices. This sce
Vinvika [58]

Answer:

task environment

Explanation:

It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
How would the law affect the supply for health insurance? Why?
PSYCHO15rus [73]

<u>The law affect the supply for health insurance:</u>

Medicare for high-salary laborers and expenses significant expense health care coverage plans. The ACA forces a duty on individuals without wellbeing plans. Since most specialists influenced by this duty will pay a sum disconnected to work exertion, the CBO gauges that this won't influence the work supply.

Five components can influence an arrangement's month to month premium: area, age, tobacco use, plan classification, and whether the arrangement covers wards. FYI Your wellbeing, clinical history, or sexual orientation can't influence your premium. The law's objectives were to diminish the quantity of uninsured, make inclusion progressively moderate, and grow access to mind. Notwithstanding these triumphs, the law confronted solid political headwinds from the beginning.

Absence of sufficient inclusion makes it hard for individuals to get the social insurance they need and, when they do get care, loads them with enormous doctor's visit expenses. Less inclined to get clinical consideration. Bound to be analyzed later.

8 0
2 years ago
Groupong Inc. recently paid a $2.78 annual dividend on its common stock. This dividend increases at 3.50 percent per year and th
liq [111]

Answer:

c) 11%

Explanation:

The question is to determine the rate of return on Groupong Inc's

The rate of return represents an investment's net gain or net loss calculated over a period of time and usually expressed in terms of the percentage of the initial cost of investment.

The rate of return in this question is calculated as follows:

Rate of Return = (The Dividend for the next year/ the current price of the share) + The Growth rate

The dividend for the next year = current year dividend x (1+r), where r is 3.5

= 2.78 x (1+0.035)

=2.78 x 1.035

= (2.8773/38.3) + 0.035

=0.1101 or 11%

5 0
3 years ago
Income statement. Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information ​(t
aliya0001 [1]

Explanation:

The construction of the income statement for the year ending 2015 is attached in the attachment. Kindly find it below:

As we know that the income statement records only the revenue and the expenses for the particular year

If the income is higher than the revenue, the company earns the net income otherwise it is a net loss and the same is to be reported on the statement of the stockholder equity

The earning per share is

= Net income ÷ Shares outstanding

and the same is shown in the attachment        

6 0
3 years ago
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