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borishaifa [10]
4 years ago
8

The payroll register of Sara Company indicates $5,800 of social security withheld and $1,450 of Medicare tax withheld on total s

alaries of $90,000 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $31,500, at the federal rate of 0.8% and the state rate of 5.4%. What is the total amount of payroll tax expense?a.$7,502b.$7,250c.$8,951d.$9,203
Business
1 answer:
vesna_86 [32]4 years ago
6 0

Answer:

d.$9,203

Explanation:

31,500 x 0.8% FUTA =    252

31,500 x 5.4% SUTA =   1,701

Then for medicare and social security the employeer contributes the same amount as the employees.

<u>Employeer payroll taxes:</u>

5,800 Social Security +

1,450 medicare +

252 FUTA +

1,701 SUTA

Total: 9,203

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The day-to-day supervision of construction is the responsibility of the____________.
wlad13 [49]

Answer:

The correct word for the blank space is: general contractor.

Explanation:

A general contractor is in charge of the everyday supervision of the activities within a construction. The general contractor achieves this by organizing all the employees within the construction, providing them with all the necessary tools and legal permits to perform their duties. General contractors are also in charge of the communication of information to all relevant individuals involved in the construction.

3 0
3 years ago
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets
allsm [11]

Answer:

9.69%

Explanation:

Calculate for the internal growth rate

First step is to calculate the ROA

ROA = $4,819/$38,200

ROA=.1262*100

ROA= 12.62%

Second step is to calculate the plowback ratio b

The plowback ratio, b= 1 – .30

b= .70

Now let calculate the Internal growth rate using this formula

Internal growth rate=(ROA × b)/[1 – (ROA × b)]

Let plug in the formula

Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]

Internal growth rate=.0969*100

Internal growth rate= 9.69%

Therefore the internal growth rate will be 9.69%

3 0
3 years ago
Multinational corporations are also referred to as ______.
ohaa [14]
 <span>Multinational corporations are also referred to as </span>transnational corporations. Hope this helps!!
7 0
3 years ago
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

C. have combined cost allocation rates for each activity identified by the company

each should have different base cost driver if not, then they aren't different and should be combined.

4 0
4 years ago
Required information
GenaCL600 [577]

Answer:

Date                      Account Title                                      Debit            Credit

June 30                Cash                                                    $150

                             Interest revenue                                                      $150

Explanation:

Interest earned is considered to be revenue so it will be credited to the interest revenue account.

Cash will be debited because the interest revenue increased it and assets are debited when they increase.

8 0
3 years ago
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