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3 years ago

A tax that covers both social security and medicare? ____

Business

2 answers:

Mumz [18]3 years ago

8 0

The combination of Social Security taxes and Medicare taxes is referred to as FICA.

choli [55]3 years ago

5 0

FICA covers both Social security and Medicare, not everyone would pay the same amount for this tax. It would depend on your income.

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Which of the following statements is FALSE?

Vlada [557]

Answer:

Total return equals earnings multiplied by the dividend payout rate.

Explanation:

Total return is calculated as appreciation of price plus dividend paid, divided by the original price of the stock.

The income gained on a stock is the increase in its value along with dividend that is paid out. This is compared to the original price (denominator) to determine how much returns is realised on the stock.

Mathematically

Returns= {(New price- Old price) + Dividend} ÷ Old price

So the statement total return equals earnings multiplied by the dividend payout rate is false

5 0

3 years ago

The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a

Ugo [173]

Answer:

a. The number of units purchased in October = 400

The cost per unit = $12

b-1. Cost of goods sold = $7,950

Ending inventory = $6,450

b-2. Cost of goods sold = $8,650

Ending inventory = $5,750

Explanation:

a) Data and Calculations:

Beginning inventory 300 units at $10 per unit = $3,000

May purchases 600 units at $11 per unit = 6,600

October purchases 400 units at $12 per unit = 4,800

Goods available 1,300 units $14,400

Ending inventory 550 units

Goods sold 750 units

a. The number of units purchased in October = 400 (1,300 - 300 - 600)

The cost per unit = $12 ($4,800/400)

b-1. Cost of goods sold and ending inventory using FIFO method:

Cost of goods sold:

300 units at $10 per unit = $3,000

450 units at $11 per unit = 4,950 $7,950

Ending inventory = $6,450 ($14,400 - $7,950)

b-2. Cost of goods sold and ending inventory using LIFO method:

Cost of goods sold:

350 units at $11 per unit = 3,850

400 units at $12 per unit = 4,800

Total Cost of goods sold = $8,650

Ending inventory = $5,750 ($14,400 - $8,650)

8 0

3 years ago

During 2020, Sam and Libby, a married couple, decided to sell their residence, which had a basis of $200,000. They had owned and

baherus [9]

Answer:

$50,000:$400,000

Explanation:

Based on the information given we were told that the Broker's commissions and other selling expenses was the amount of $50,000 in which They as well made purchased of a new residence in July for the amount of $400,000 which means that the recognized gain will be $50,000 the amount of Broker's commissions and other selling expenses and the adjusted basis of the new residence will be $400,000 which is the cost of purchasing a new residence.

6 0

3 years ago

Which of the following is a style trend?

maks197457 [2]

Answer:
B

Explanation:

8 0

3 years ago

What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget doe

Oksana_A [137]

Answer:

B. The zero based budget requires managers to re-justify every planned expenditure every year.

Explanation:

A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.

However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.

So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.

8 0

3 years ago