Answer:
Fixed and Variable cost:
Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.
Variable cost are the costs which changes with change in the level of output produced and sold.
Product and Period cost:
Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.
Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.
Therefore, the classification of items is as follows:
(a) Variable cost - Product cost
(b) Variable cost - Product cost
(c) Fixed cost - Period cost
(d) Fixed cost - Period cost
(e) Fixed cost - Period cost
(f) Fixed cost - Period cost
(g) Variable cost - Product cost
(h) Fixed cost - Period cost
(i) Fixed cost - Period cost
The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.
Data and Calculations:
Kyle = single taxpayer
Self-employment income for three months = $44,000
Employment income for nine months = $178,000
Total income for 2021 = $222,000
FICA taxes:
Social Security tax = $13,764 ($222,000 x 6.2%)
Medicare tax = $3,219 ($222,000 x 1.45%)
Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)
Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)
Thus, Kyle's total FICA taxes for 2021 is $17,181.
Learn more about calculating FICA taxes at brainly.com/question/21750517
The fact that Dan picked George over Lauren even though Lauren was the most qualified shows homosocial reproduction.
<h3>What is homosocial reproduction?</h3>
This refers to when people employ or choose people for a position that they feel are more like them.
Dan selected George over Lauren because he felt that George was more like him and so could be trusted better.
Find out more on employment bias at brainly.com/question/17368438.
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Explanation:
Given that
Amount of equity loan = $24,000
Appraisal value of home = $110,000
Using percentage = 70%
Owed amount = $60,000
By considering the above information,
As we know that for the borrowing purpose, only 70% is eligible i.e
= $110,000 × 70%
= $77,000
So, the highest credit limit would be
= $77,000 - $60,000
= $17,000
So, there is no enough residual value left for $24,000 equity loan
2. By seeing the credit rating, income of a person, the lender could is willing to offer them additional amount i.e $7,000 that is come from subtracting the $17,000 from the $24,000 equity loan amount
