Section a)
The measure of $2,200 can be asserted as a finding from the estimation of balanced gross pay (AGI) or can likewise be claimed as separated clinical cost by Smithers.
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Part b)
In the given circumstance, Smithers can claim $2,200 as an ordered reasoning as he was qualified for take part in the SF's health plan. According to the principles of IRS, genuine cooperation in the business' health plan isn't required to confine Smithers from asserting $2,200 as clinical cost conclusion from the balanced gross pay (AGI). The limitation is relevant if the worker is qualified to take an interest in plan, despite the fact that he/she chooses something else.
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Part c)
In the given circumstance, the measure of $2,200 can be claimed as a reasoning from the estimation of balanced gross pay (AGI) or can likewise be asserted as ordered clinical cost by Smithers. It is on the grounds that Smithers isn't qualified to take an interest in SF's health plan.
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Part d)
In the given circumstance, Smithers can claim $2,200 as an ordered reasoning as he was qualified for partake in the SF's health plan. According to the standards of IRS, real support in the health plan gave by life partner's manager isn't required to confine Smithers from claiming $2,200 as clinical cost derivation from the balanced gross pay (AGI). The limitation is appropriate if Smithers is qualified to take an interest in the health plan of mate's boss, despite the fact that he chooses something else.
Answer:
Direct material price variance =$10,160 unfavorable
Explanation:
<em>Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.</em>
Direct material price variance $
50,800 pounds should have cost (50,800× $2) = 101,600
but did cost (50,800× $2.20) = <u> 111,760</u>
Direct material price variance <u> 10,160 unfavorable</u>
Direct material price variance =$10,160 unfavorable
Answer:
$23,088.62
Explanation:
We must determine the present value of Liam's investment discounted by his opportunity cost rate. The present value formula is:
PV = FV / (1 + r)ⁿ
PV = $52,000 / (1 + 7%)¹² = $52,000 / 2.2522
PV = $23,088.62
Answer:
Explanation:
Given weekly demand = 1200 units
Number of weeks per year = 45
Annual demand (D) = weekly demand × number of weeks per year = 1200 × 45 = 54,000 units
Ordering cost(C) = $55
Holding cost (H) = 25% of purchase price = 25% of $3.20 = 0.25*$3.20 = $0.8
EOQ = √(2DC/H) = √[(2 × 54,000 × 55) / 0.8] = √(5,940,000/0.8) = √7,425,000 = 2,725 units
Answer is D - 2,725 units
Answer:
Amount of OASDI taxes to withhold = $35.34
Explanation:
Find:
Amount received in march = $320
Amount of salary = $250
Find:
Amount of OASDI taxes to withhold .
Computation:
OASDI tax rate = 6.2%
Total amount = Amount received in march + Amount of salary
Total amount = $320 + $250
Total amount = $570
Amount of OASDI taxes to withhold = Total amount × OASDI tax rate
Amount of OASDI taxes to withhold = $570 × 6.2%
Amount of OASDI taxes to withhold = $35.34
