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
Natasha2012 [34]
3 years ago
9

An employee earns $6,300 per month working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate

for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $214 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $182 and contributes $91 to a retirement plan each month. What is the amount of net pay for the employee for the month of January?
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

An employee earns $6,250 per month working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay.

Explanation:

You might be interested in
K Company estimates that overhead costs for the next year will be $3,700,000 for indirect labor and $960,000 for factory utiliti
Ilya [14]

Answer:

Predetermined manufacturing overhead rate= $37.28 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead= 3,700,000 + 960,000= $4,660,000

Estimated direct labor hours= 125,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 4,660,000/125,000

Predetermined manufacturing overhead rate= $37.28 per direct labor hour

8 0
2 years ago
What is a Capital Gain on an investment?
alex41 [277]

Answer:

B and C are the same, and none of the answers are correct

Explanation:

Capital gain is the amount of money you earn after selling a property or investment. It's essentially (the price you sold it for) -- (the price you paid for it)

eg if you bought stock for $100 and sold it for $200, you'd have a capital gain of $100 (200-100)

5 0
3 years ago
The increase in international trade in the united states is partly due to
Sholpan [36]
The United States' increase in international trade is partly due to different factors. Some of these factors are the improvements in transportation, which we know give access to the deliveries of the different trade products and travelling to the area of origin is already easy.  The advancement in telecommunications also provides an increase in trade since relaying information is faster than before, this means different instructions and specifications and even gathering orders from far places can be easily sent and received.  And another one is the increasing trade of goods with a higher value per pound.  High value gives more profit and income tot he trade industry.
3 0
3 years ago
Does a local businesses will profit from providing monthly or weekly invoices to their consumers?
k0ka [10]

Answer:

an increasing number of small businesses realize the power of ... Recurring invoices contribute to a steady stream of monthly income. ... of monthly income from you (and of course their millions of other customers). ... To sustain optimal uptime of the system, they would need to provide monthly support.

Hope this answer helps you :)

Have a great day

Mark brainliest

5 0
3 years ago
Calculate total GDP for this economy given the following components of supply. Components of GDP on the Supply Side (in trillion
astraxan [27]

Answer:

Total GDP (in trillions of dollars) = 19 trillion dollar

Explanation:

Given:

Durable goods = 3.3

Non-durable goods = 2.3

Services = 11.6

Structures = 1.8

Change in inventories = 0

Computation Of total GDP (from Supply side)

Total GDP = Durable goods + Non-durable goods + Services + Structure + Change in inventory

Total GDP (in trillions of dollars) = 3.3 + 2.3 + 11.6 + 1.8 + 0

Total GDP (in trillions of dollars) = 19 trillion dollar

6 0
2 years ago
Other questions:
  • I just received a new job. i have the responsibility of leading physicians in the adoption of clinical information systems. my t
    14·1 answer
  • Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $118,00
    5·1 answer
  • A narrow market focus is to a differentiation-based strategy as a __________________. technological innovation is to a cost-base
    13·1 answer
  • The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $320,000, Office salaries, $64,000, Federal
    8·1 answer
  • Amy has a card shop. She receives a shipment of Valentine's Day cards in December 2011 made by a card manufacture in that month.
    5·1 answer
  • Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpent
    8·1 answer
  • An industrialization policy of restricting imports in order to boost local production for local consumption of goods that would
    14·1 answer
  • Stabilisation is an important factor of
    9·1 answer
  • Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
    7·1 answer
  • Which loan type provides interest subsidy meaning department of education pays your interest.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!