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
Katarina [22]
3 years ago
6

Dena's Decorations is a South Carolina business that has a SUTA rate of 3.6% and an annual SUTA wage base of $14,000. The employ

ee earnings for the past calendar year are: B. Gilfilan $22,180, P. Laubach $37,690, S. Loftin $15,320, M. Moravec $9,840. (Assume that all employees have exceeded the annual FUTA wage base of $7,000 per employee and that the FUTA rate is 0.6%.) What are the FUTA and SUTA tax liabilities for Dena's Decorations?
Business
1 answer:
Irina-Kira [14]3 years ago
4 0

Answer:

FUTA = $168

SUTA = $1,866.24

Explanation:

As per the data given in the question,

FUTA

= $7,000 × 4 employees × 0.6% = $168

SUTA

Gilfin, Laubach and Loftin earning excess = $14,000

So, will take maximum $14,000 for each of them

Moravec is less than $14,000 therefore will take the actual amount

Earnings = ($14,000 × 3 × 3.6%) + ($9,840 × 3.6%)

=$1,866.24

You might be interested in
The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond
True [87]

Answer and Explanation:

The computation of each part is to be shown in the attachment. The one statement is of final values and the other one is of formula sheet.

This one applied for all the things which need to be find out

Kindly find the attachment below:

We use the RATE formula for determining the rate of return and the same is to be considered

6 0
3 years ago
A benefit of monopoly for the business owner is
inessss [21]
<span>From the monopolist points of view the benefits are, holding 100% of the market, the ability to have a great influence on price and of course, no competition. 

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
</span>
6 0
3 years ago
, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a
sergiy2304 [10]

Answer:

Blossom Automotive have long-term debt of <u>$174,321</u>.

Explanation:

This can be estimated using the following accounting equation:

Total Assets = Shareholders' equity + Total liabilities ............... (1)

Where;

Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752

Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059

Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372

Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt

Substituting the relevant values into equation (1) and solve for long-term debt, we have:

$1,182,752 = $824,059 + $184,372 + long-term debt

long-term debt = $1,182,752 - $824,059 - $184,372

long-term debt = $174,321

Therefore, Blossom Automotive have long-term debt of <u>$174,321</u>.

7 0
3 years ago
The downward slope of a demand curve illustrates the pattern that as ________ decreases, ________ increases.
Lelechka [254]
Potential energy, kinetic energy
8 0
3 years ago
Please it is pyscology questions please help me with this​
Anestetic [448]

Answer:

not even a little

Explanation:

Ido you know what is physics

6 0
2 years ago
Other questions:
  • Jim would like to learn more about what it’s like to be in college, without having to take any actual college classes or difficu
    15·2 answers
  • Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive
    11·1 answer
  • Admitting New Partners Myles Etter and Crystal Santori are partners who share in the income equally and have capital balances of
    7·1 answer
  • a blank is sent to you from the_____each month showing the transactions you made with your checking account
    13·1 answer
  • Jenna leigh is an information savvy, 20-something person who is trying to select between two marketing job offers. she can eithe
    11·1 answer
  • On January 1, 2021, Sauder Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for S
    7·1 answer
  • Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:
    14·1 answer
  • Cassie's Quilts alters, reconstructs, and restores heirloom quilts. Cassie has just spent $800 purchasing, cleaning, and reconst
    8·1 answer
  • Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on acco
    12·1 answer
  • Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!