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Fynjy0 [20]
3 years ago
8

Which financial component is a mandatory deduction from your gross pay? A. sales tax B. social security tax C. health insurance

D. disaster relief fund (DRF) E. voluntary deduction
Business
2 answers:
Alexxandr [17]3 years ago
4 0

Answer:

The correct answer is B, Social Security Tax.

Explanation:

A Social Security Tax is a tax that is imposed by the federal government on the employers and the employees of the companies. This is the tax that has to be deducted from the gross salaries of the employees. Other taxes can be withdrawn but this tax has to be paid. A flat percentage is deducted every year by the Federal Government.

mamaluj [8]3 years ago
3 0

Employers are required to take a deduction for social security taxes.

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James employs an apprentice in his guitar store who gets firsthand knowledge of craftsmanship and the process involved in becomi
MrRa [10]

Answer: Having lower opportunity costs.

Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.

3 0
3 years ago
Mission Corp. borrowed $50,000 cash on April 1, 2016, and signed a one-year 12%, interest-bearing note payable. The interest and
ikadub [295]

Answer:$4,500---B, ie the 2nd option

Explanation:

From April to December we have 9 months

Interest Expense is given as Loan x Interest Rate x duration

Interest Expense = 50000 x 12% x 9/12 =

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8 0
3 years ago
During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. Th
horrorfan [7]

Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.

<h3>What amount would be debited to manufacturing overhead?</h3>

The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.

This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.

Find out more on manufacturing overheads at brainly.com/question/13312583.

#SPJ12

7 0
2 years ago
A federal payroll tax that supports retired workers is progressive tax. sales tax. corporate tax. social security tax.
Romashka [77]
<span>social security tax is the answer to ed</span>genuity
3 0
4 years ago
Read 2 more answers
If you are an HR Manager , which among these rating sources do you believe in the most crucial?
kupik [55]

Answer:

behaviour

Explanation:

his\her behaviour to collegues matters more for good environment in business

3 0
3 years ago
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