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
harina [27]
3 years ago
5

Gross payroll for the employees of Bannister Enterprises totals $100,000 per week. From this must be withheld Social Security ta

xes of 6.20% and Medicare taxes of 1.45%. In addition, federal and state income tax withholdings amount to 15% of gross payroll. Compute the total Employee Compensation Expense for one week: a. $100,000 b. $77,350 c. $115,000 d. $92,350 e. $107,650
Business
1 answer:
bogdanovich [222]3 years ago
4 0

Answer:

B) $77,350

Explanation:

Gross payroll=$100,000

Social Security taxes =6.20%

6.20/100×$100,000

=0.062×$100,000

=$6,200

Medicare taxes = 1.45%.

1.45/100×$100,000

=0.145×$100,000

=$1,450

federal and state income tax =15%

15/100×$100,000

=0.15×$100,000

=$15,000

Total Withholdings=

$6,200+$1,450+$15,000

=$22,650

Total employee compensation= Gross earnings-total withhold

=$100,000-$22,650

=$77,350

You might be interested in
A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As
bazaltina [42]

Answer

Hi,

A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As a result, citizens acquired the __skills____ required to work. The schools generated__jobs___ for teachers and other staff. In 20 years, the country saw a rapid __increase____ in its GDP.

Explanation

When the country makes education free and mandatory, many parentsare encouraged to take their kids to school to learn and acquire skills needed for them to participate in building the nation. Establishing new 100 schools is investing in human capital which will create employment opportunities for teachers and other staff in the education and training sector. When employment opportunities are created, people will earn money and pay taxes to the government. This will in turn cause growth of the GDP of the country.

Good luck!

6 0
3 years ago
Read 2 more answers
What is the direct labor efficiency/quantity variance for november? group of answer choices $1,800 $1,900 $2,000 $2,090 $2,200
enot [183]

The direct labor efficiency/quantity variance for November of $1,800.

The labor efficiency variance focuses on the number of labor hours used in production. It is defined as the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards.

Labor efficiency variance equals the number of direct labor hours you budget for a period minus the actual hours your employees worked, times the standard hourly labor rate.

For example, assume your small business budgets 410 labor hours for a month and that your employees work 400 actual labor hours.

Learn more about Labor efficiency here: brainly.com/question/15418098

#SPJ4

5 0
8 months ago
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $21, computed as fol
Len [333]

Answer:

$4 advantage

Explanation:

In this question we need to compare the cost between the relevant cost and the outside supplier cost

The relevant cost is

= Direct material per unit + direct labor per unit + variable manufacturing overhead per unit + fixed manufacturing overhead per unit

= $8 + $5 + $3 + $5 × 80%

= $8 + $5 + $3 + $4

= $20

Since 80% of the fixed manufacturing cost above is eliminated so we considered the same

And, the outside supplier cost is $16

So based on the above calculation, the financial advantage is

= $20 - $16

= $4 advantage

This shows the company should purchased from outside supplier as it saves $4

3 0
2 years ago
5. Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located ware
damaskus [11]

Answer:

Explanation:small number of centrally locates warehouses will make their products readily available in needed small quantities. While having a larger warehouse nearer to the end customers will make the product easily accessible

8 0
2 years ago
?excess weight, especially ____, increases cancer risk
Sliva [168]
Excess weight, especially excess fat are prone to cancer. This is particularly applicable to obese people who do not exercise regularly. Excess body fat affects health in metabolic reactions, hormone secretions and the immune system. Studies have already shown that 1 out of 5 cancer patients have excess body weight.
8 0
3 years ago
Other questions:
  • What does it mean to take ownership of your own learning? In your response, describe the difference between active and passive l
    5·1 answer
  • Sam believes in rewarding his employees for their hard work , he is acting as a
    12·1 answer
  • Time is money in any business environment. People want information communicated quickly and clearly. To make your writing more c
    6·1 answer
  • According to the NAEYC, curriculum is influenced by all of the following factors except A. research findings and community expec
    5·1 answer
  • Managers should consider doing all of the following to develop a strong culture for a unit EXCEPT A Option A: stress a concern f
    5·1 answer
  • If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest rate is 10%, compounded contin
    13·1 answer
  • What is the periodic interest on a credit card with a 17.99% APR?
    14·1 answer
  • Is "himself answered the question" a correct grammar​
    13·2 answers
  • You have an annuity which pays $1,200 every two years. The first payment is two years from now and the last payment is ten years
    8·1 answer
  • List two examples of items that could be used as collateral for a secured loan.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!