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3 years ago

How to find out how much your social security will be?

1 answer:

4 0

It depends on how much money you've earned. You have to work a minimum of 10 years. You get credits based on how much you made. The amount varies, but for about every $1300 you earn you get one credit towards your social security. Each year you get 4 credits max. After 40 credits you can claim it. Even if you change jobs or stop working your credit remains.

You might be interested in

On what date does congress normally begin its annual meeting unless otherwise determined?

mrs_skeptik [129]

Congress usually begins its annual meeting on January 3 unless otherwise determined. This is as stipulated in the 20th amendment to the United States constitution, which moved the beginning and ending of terms of members of Congress from March 4 to January 3.

5 0

2 years ago

The first-year NOI for an office building is $150,000. A lender is willing to provide financing up to a 1.5 debt-coverage ratio.

Hoochie [10]

Answer:

the maximum loan size is $1,278,335.62

Explanation:

The computation of the maximum loan size is as follows:

= (NOI first year ÷ debt coverage rate) × 1 ÷ (rate of interest) × (1 - 1 ÷ (1 + rate of interest)^number of years)

= ($150,000 ÷ 1.5) × 1 ÷ (6%) × (1 - 1 ÷ (1 + 6%)^(25))

= $1,278,335.62

hence, the maximum loan size is $1,278,335.62

We simply applied the above formula

5 0

2 years ago

Department S had no work in process at the beginning of the period. It added 13,600 units of direct materials during the period

lora16 [44]

Answer:

Cost of units completed = $176,528

Workings are attached:

Explanation:

Equivalent unit of production

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.

Conversion costs

Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.

Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.

The term conversion costs often appears in the calculation of the cost of an equivalent unit in a process costing system.

For the sake of this question, we will be determining the equivalent units of production:

Units completed and transferred subject to material and conversion costs
Units in the closing inventory subject to material and conversion costs
We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
These cost per units will enable us to determine the cost of items completed.

Download xlsx

4 0

2 years ago

Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe

Alexeev081 [22]

Answer:

Journal entries for the following will be shown below:

Explanation:

Journal entries for the wages expense is as follows:

Wages expense A/c.........................Dr $50,000

Income Tax Payable A/c................Cr $7,000

FICA taxes payable A/c...................Cr $2,625

Cash A/c...............................................Cr $40,375

Working Note:

Cash = Wage expense - Income tax payable - FICA taxes payable

= $50,000 - $7,000 - $2,625

= $40,375

Journal entry for the payroll expenses is as follows:

Payroll tax expense A/c............................Dr $2,875

FICA taxes payable A/c............................Cr $2,625

Unemployment taxes payable A/c.........Cr $250

4 0

3 years ago

The substitution bias in the consumer price index refers to the idea that consumers ______ the quantity of products they buy in

dsp73

Answer:

change; over-estimates

Explanation:

Substitution bias refers to a tendency in which economic index numbers don't include information about the changes in consumer spending when they switch expensive products for cheaper ones or buy less units as prices change. This changes are not reflected in the market basket from which the CPI is built which can cause inflation rates to be over-estimated.

7 0

2 years ago