Answer:
$196.70
Explanation:
The computation of the total employer payroll taxes is shown below:
= Employee earnings × social security tax rate + Employee earnings × Medicare tax rate + federal and state unemployment compensation × its tax rate
= $2,500 × 6% + $2,500 × 1.5% + $200 × 4.6%
= $150 + $37.50 + $9.20
= $196.70
The $ 200 is come from
= $7,000 - $6,800
Answer:
$120,000
Explanation:
Reason: The amount of retained earnings as on 31st December, 2014 in the consolidated balance sheet is $120,000 because, the parent company in the given case is puell co. As it has acquired 100% of the stock. Therefore, as on 31st December 2014 the parents company's retained earnings of $120,000 should appear in the consolidated balance sheet
It would be a financial risk