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3 years ago

Social security and medicare are?

Business

1 answer:

mart [117]3 years ago

3 0

Answer:

I believe it is progressive taxes.

Explanation:

Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as social security taxes, and the hospital insurance tax, also known as Medicare taxes.

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A machine having a first cost of $20,000 is expected to save $1500 in thefirst year of operation, and the savings should increas

frozen [14]

Answer:

This machine is not economical. A further explanation is provided below.

Explanation:

Given:

First cost,

= $20,000

Saving,

= $1500

Increase by,

= $200

Decrease by,

= $150

Now,

The EUAW will be:

= $-20000+1500(\frac{P}{F}, 9 \ percent,1 )+1700(\frac{P}{F}, 9 \ percent,8 )+1550(\frac{P}{F}, 9 \ percent,7 )$

= $-20000+1500\times 0.9174+1700\times 0.5018+1550\times 0.5470$

= $-20,000 + 1,371.1 + 856.06 + 847.85$

= $-16,294.99$ ($) negative

Thus this machine is not economical.

3 0

3 years ago

Alex Timbers, a wood supplier, receives an order of 10 wooden logs from a furniture manufacturing company. The client brief ment

Marianna [84]

Answer:

D. Incomplete

Explanation:

The information supplied by the furniture manufacturing can be described as incomplete because it fails to state how big or how small the wooden logs should be to serve the purpose of what it is wants to be used for. It only states the kind of quality that the wood should be and that it should be of the same size.

5 0

3 years ago

Bailey Furniture Company has prepared the following flexible budget for April and is in the process of interpreting the variance

Grace [21]

Answer:

See notes below

Explanation:

Rate variance

The rate variance is the the difference between the standard labor cost of the actual hours paid for and the actual cost.

Possible reasons:

An increase in wage rate

Skilled workers were as against using the unskilled workers planned for

Efficiency variance

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

Possible reasons:

The use of skilled workers who worked faster than the unskilled workers planed for

The workers were trained making them more efficient in saving time

3 0

3 years ago

10/12/2020

zhuklara [117]

Answer:

the answer is C

Explanation:

i just did Edgenuity

6 0

3 years ago

The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per

stiv31 [10]

Answer:

Adjusted balance per bank reconciliation $ 24,295

Explanation:

Computation of adjusted balance per bank reconciliation

Balance per bank statement $ 25,750

Add: Deposits in transit $ 2,300

Less: Outstanding checks $ ( 3,755)

Adjusted balance per bank statement $ 24,295

Balance per cash book $ 19,140

Less: Bank Service Charges $ ( 45)

Add: Note collected by bank $ 5,200

Adjusted balance per cash book $ 24,295

The deposits in transit and the outstanding checks have not been incorporated in the bank statement so adjusted to the bank statement balance

The bank service charges and the direct collection by the bank of the note receivable have not been incorporated in the cash book hence adjusted.

6 0

4 years ago