The correct answer is Riverside will pay FUTA - $420 and SUTA - $336. Harrison will pay FUTA - $420 and SUTA - $408.
When completing this question it is important to know that the FUTA tax rate for 2019 is 6% on the first $7,000 of earnings each year.
Riverside Country Club will pay FUTA at 6% of $7,000 and SUTA of 4.2% of $8,000.
FUTA = $420
SUTA = $336
Harrison Furniture Company will pay FUTA at 6% of $7,000 and SUTA of 5.1% of $8,000.
FUTA = $420
SUTA = $408
Answer:
Annual deposit = $8208
Explanation:
Below is the calculation:
Future value of money, FV = $513000
Time period from 39 to 62 = 23 years
Interest rate = 8%
Annual deposit = FV (A/F, n, r)
Annual deposit = 513000 (A/F, 23, 8%)
Annual deposit = 513000 x 0.016
Annual deposit = $8208
The first blank is <span>Simple Interest and the last one is CashBack</span>
<span>Their complete inventory involves all three "locations" of goods: those in their warehouse, those in transit (i.e. those that simply had not arrived in time for the inventory) and those on consignment -- loaned to others, whose value still belongs to Bell Inc. Simple addition of these three together yields $980,000 worth of total goods in their possession.</span>
Answer:
The preparation is presented below:
Explanation:
The preparation of the income statement for China Imports in the contribution margin format is shown below
Sales (7,500 units × $18) $135,000
Less: Variable cost (7,500 units × $10) ($75,000)
Contribution margin $60,000
Less: Fixed expenses per month (46,000)
Net operating income $14,000