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Thepotemich [5.8K]
3 years ago
5

Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F

ICA tax for social security is 6.2% of the first $118,500 earned each calendar year, and the FICA tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680.70. What is the total amount of taxes withheld from the Trey’s earnings?
Business
1 answer:
Valentin [98]3 years ago
5 0

Answer:

$1,027.86

Explanation:

Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax

Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)

Total Taxes = $680.70 + $281.36 + $65.80

Total Taxes = $1,027.86

Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86

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A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are:____.
Vanyuwa [196]

A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are not perfectly positively correlated.

A stock portfolio is a collection of stocks that are invested in with the hope of making a profit. By putting together a diverse portfolio that spans various sectors individual  will be able to become a more resilient investor.

This is  because if one sector takes a hit, the investments  held by you  in other sectors aren’t necessarily affected.

When assembling a stock portfolio, it’s important to have the organizational goals in mind beforehand. That way the  decision-making process is guided by reason as opposed to emotion.

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4 0
1 year ago
_________ is the systematic study of a job’s tasks, duties, and responsibilities and the knowledge, skills, and abilities needed
saw5 [17]

Answer:

Job analysis

Explanation:

Many organizations carry out what is called job analysis. It entails spelling out the job functions, skills, experience and knowledge required to perform the job. It is important to analyze the skills required to perform a job because such would afford an organization to have directions in terms of matching skills with work.

Also, organizations analyze jobs to confirm that it is line with the company's current goals and objectives instead of a job that does not go in line with a company's current structure.

6 0
3 years ago
In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
horsena [70]

Answer:

It will be counted as investment in 2016 and negative investment in 2017.

Explanation:

National income refers to the total value of a country's final output of all new goods and services produced in one year. There are various ways of measuring national income, e.g. GDP, GNP, etc

Therefore, following national income accounting practices, the car would be counted as part of the investments and GDP of 2016, and negative investment in 2017, because that was the year in which it was produced.

4 0
2 years ago
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
zepelin [54]

Answer:

3.76 times

Explanation:

The computation of the asset turnover is shown below:

Asset turnover = Net sales ÷ Average total assets

= $1,356,504 ÷ $360,600

= 3.76 times

By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times

This is the answer but the same is not provided in the given options

8 0
2 years ago
An undercover police officer is using an informant in order to be introduced to a local drug dealer. Just prior to the operation
Rama09 [41]

Answer:

The correct answer is that: informants are difficult to control and the police can not trust in them always.

Explanation:

To begin with, if the police officer finds out that the informant went behind his back and purchase drug then the officer must understand that the informant is not trustful and moreover<u> he could mean a risk to the whole undercover operation</u> that the police officer is managing, therefore that the scenario is propounding that situations like that exemplify that informants can not be trusted due to the fact that they are ex convicted and that is why the officers have to be carefull when working with them.

8 0
3 years ago
Read 2 more answers
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