Answer:
d. portion of FICA taxes and any voluntary deductions.
Explanation:
The net pay or take-home salary is computed below:
= Gross earnings - income tax withholding - employee's portion of FICA taxes - voluntary deductions
The FICA tax comprises of medicare tax and the social security in which the contribution of both employer and employee is required.
So, after deducting the FICA taxes, deductions, and income tax withholding from the gross earning, the net income come
Answer:
$995,745
Explanation:
PV = $0
PMT = $500
I/YR = 6
P/YR = 12
N = 40 x 12 = 480
your retirement account be in 40 years will be $995,745
Answer:
A) quantity demanded decreases.
Explanation:
The law of demand states that as the price of a good or service increases, the quantity demanded (not the demand) of the good or service will decrease. This happens because less consumers are willing to purchase the goods or services and since the supply doesn't change, overstocking will result, which will decrease the equilibrium price.
*The demand of a good or service is shown by the demand curve, but the points in the curve represent the quantity demanded.
Answer:C. Purchasing treasury stock
Explanation:Treasury stocks are stocks that were repurchased by the issuing company,this repurchased quantity is always guided by the laws existing in the country. This repurchased stock reduces the amount of the outstanding stock of the company available for sale. Treasury stocks are always repurchased at a higher price,hence increasing the stock owner's earnings per share.
Answer:
Dr Raw materials $81, 000
Cr Accounts payable $81,000
Explanation:
Preparation of the journal entry to record the purchase of raw materials for Gullett Corporation
Since we were told that the Corporation already had the amount of $32,000 of raw materials on hand in which they later purchased an additional amount of $81,000 of the raw materials this means we are going to record the Journal entry by Debiting Raw materials with the amount of $81, 000 which is the additional amount of the raw materials purchased and to Credit Accounts payable with the same amount of $81,000.
Dr Raw materials $81, 000
Cr Accounts payable $81,000
(To record purchase of raw materials)
