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ziro4ka [17]
3 years ago
7

During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,700. Compute the amount of FIC

A taxes that should be withheld from her. If an amount is zero, enter "0". g
Business
1 answer:
r-ruslan [8.4K]3 years ago
6 0

Answer:

Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6

Explanation:

The FICA tax is 7.65% for employees wages upto 128,000 and 1.45 % in excess of $ 128,000

Suppose the FICA tax rate is 7.65 % and her monthly salary is $ 7,700*2= $15,400

Her yearly salary is $15,400* 12=  $ 184,800 which is above $ 128,000

So the Fica Tax would be = 128,000 * 7.65%= $ 9792

And 1.45 % 0f (184,800- 128,00)$ 56,800= $ 823.60

Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6

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The following is an extension economy of scale
ValentinkaMS [17]

The example of an extension economy of scale is Bulk buying.

Explanation:

  • economies of scale are the main cost whose advantages are for the enterprises that  obtain due to their scale of operation, which is measured by the amount of output produced by the company with cost per unit of output resulting in decreasing with increasing scale.
  • Economies of scale apply to a vast variety of organizational and business situations and at multiple areas, such as a production, the plant or an entire enterprise.
  • Another source of scale economies is the possibility of purchasing inputs at a lower cost per unit, when they are purchased in large quantities.
  • Managerial economies of scale occur when large firms are able to afford specialists. They manage i an effective manner, particular areas of the company.
  • Economies of Scale refer to the cost advantage that us experienced by a firm when it increases its level of output.
  • The advantage of the huge buying arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.

8 0
3 years ago
Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in
gavmur [86]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

     To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

      To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

       To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

     To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

       To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

     To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

      To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

    To supplies  $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

     To Cash $1,500

(being dividend paid is recorded)

3 0
2 years ago
Stocks A and B have the following data. The market risk premium is 6.0% and the risk-free rate 6.4%. Assuming the stock market i
scoray [572]

Answer:

Yes, Stock A has higher dividend yield

Explanation:

given data

market risk premium = 6.0%

risk-free rate = 6.4%

                                                       A                                        B

Beta                                                1.10                                    0.90

Constant growth rate                    7 %                                     7%

to find out

does stock A has higher dividend yield than Stock B

solution

we get here Stock A rA = 6.4% + 1.1 × 6%

Stock A rA  = 13.00%

and

Dividend yield of stock A = rA - g

Dividend yield of stock A = 13.00% - 7%

Dividend yield of stock A  = 6%

and

for Stock B rB = 6.4%+ .9 × 6%

Stock B rB = 11.80%

and

Dividend yield of stock B = rA - g

Dividend yield of stock B  = 11.80% - 7%

Dividend yield of stock B = 4.80%

so we can say Yes, Stock A has higher dividend yield

4 0
3 years ago
Which of the following statements about material requisitions is false? a. Material requisitions are often computerized. b. Mate
Vladimir79 [104]

Answer:

D. Material requisitions authorize the transfer of materials from the production floor to the raw materials warehouse

Explanation:

Material requisitions doesnt authorize anything, just provides information

6 0
3 years ago
Net Games Corporation hires Holley, a minor, to create new customized game software for certain clients. Holley signs a contract
Nuetrik [128]

Answer:

because he was not a big boss voting in his own version and was just about the same questions that he was doing in his first place to help him out

8 0
3 years ago
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