All categories

3 years ago

Which of the following taxes are paid by the employee and the employer?a. FUTAb. SUTAc. FICAd. Federal withholding taxes

Business

1 answer:

Basile [38]3 years ago

7 0

Answer:

The correct answer is letter "C": FICA.

Explanation:

FICA (Federal Insurance Contributions Act) tax is a mandatory deduction taken from employees' payment to cover elder American's Social Security and Medicare. It is a 12,4% deduction financed by two parts: half of that amount is taken from the worker's paycheck and the other half is paid by the employer.

You might be interested in

The All-Mine Corporation is deciding whether to invest in a new one-year project. The project would have to be financed by equit

Lerok [7]

A. NPV of the project

NPV = -2000 + 2500/(1.15) = $173.91

B. Value of the firm and its debt and equity components before and after the project addition.

Determine expected cash flows before the project.

($3,000 + $3,000 + $1,000)/3)/1.15 = $2,333.33/1.15 = $2,028.99

($1,500 + $0 + $0)/3)/1.15 = $500/1.15=$434.78

Determine value with project.

($3,000 + $3,000 + $3,000)/3)/1.15 =$3,000/1.15 = $2,608.70

($4,000 + $2,500 + $500)/3)/1.15 = $2,333.33/1.15=$2,028.99

C. The company should not take the project because the NPV does not go to equity but to bond holders.

5 0

3 years ago

Refer to exhibit 4-1. in a free market, ________ units of the good would be exchanged. with a price ceiling, _______ units of th

solniwko [45]

The answer is option "d. 125; 75".

Free market alludes to an economy where the legislature or government forces few or no confinements and directions on purchasers and sellers. In a free market, members figure out what items are created, how, when and where they are made, to whom they are offered, and at what value—all in light of free market activity.

4 0

4 years ago

The General Chemical Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the chemical in inventory

galina1969 [7]

Answer:

ROQ will be 32863 gallons

So option (a) will be the correct answer

Explanation:

We have given that company uses 150000 gallons of hydrochloric acid per month

Ordering cost = $150

And the holding cost = $0.5

We know that 1 year = 12 month

So annual demand = 12 ×150000 = 1800000

We have to fond the economic order quantity EOQ

We know that EOQ is give by

$EOQ=\frac{2\times annual\ demand\ \times ordering\ cost}{holding\ cost}=\frac{2\times 1800000\times 150}{0.5}=32863.35=3286gallons$

So option (a) will be correct answer

8 0

4 years ago

Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by

abruzzese [7]

The answer is D. $251,700

7 0

3 years ago

Read 2 more answers

Which of the following is an objection to relying solely on Return on Market Investment (ROMI) results?

masha68 [24]

The statement that is an objection to relying that solely on Return on Market Investment (ROMI) results is that "ROMI requires knowing what would have happened without the marketing expenditure." ROMI is the contribution to profit attributable to marketing (net of marketing spending), divided by the marketing 'invested' or risked.

4 0

3 years ago