1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
statuscvo [17]
2 years ago
13

A characteristic of FICA is that:

Business
1 answer:
stepladder [879]2 years ago
8 0

Answer:

The correct answer is letter "A": None of these.

Explanation:

The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.

You might be interested in
Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c
zaharov [31]

Answer:

voluntary contribution  $97150

Explanation:

data provided:

tax rate: 2.3%

reserve ratio- 8-10%

average payroll = $971,500

Assume voluntary contribution ="X "

From the information given in the question we have

\frac{X}{971500} = 10%

here we have taken max reserve ratio  i.e. 10%

"X" = 971500*0.10

       = $97150

we know that, from the question present contribution minus benefit is equal to $93,500

hence, extra contribution = 97150 - 93500 = $3650

extra contribution = $3650

5 0
3 years ago
If shell decided to open a new service station I a rural area of uk, which was not well serviced with filling stations, it would
timofeeve [1]

Answer:

The stakeholders are ; Customers, shareholders/investors, local community, suppliers, employees, Government, competitors, creditors etc.

Explanation:

Stakeholders are a group of people or individuals within a locality, whose interest is Paramount to the survival of an organization.

There are two types of stakeholders, which are;

Internal stakeholders : These group of people or individuals are part of the organization . eg employees, board of directors, managers. Etc.

External stakeholders: These group of people or individuals are not part of the organization but have interest in its performance. Eg local community, media, consumers, suppliers etc.

There are also primary stakeholders and secondary stakeholders.

Primary stakeholders. I.e those who have financial interest in an organization. Eg creditors, shareholders/investors etc.

Secondary stakeholders. i.e those who do not have financial interest but whose decision is influential. Eg trade union, government body etc.

As in the scenario above, impact of shell on several stakeholders are enumerated below;

-Employees: There must be job security for employees, clean and safe working environment and there must be regular source of income with which salaries will be paid.

-Shareholders/Investors:They expect maximum returns on their investment in form of dividends. They also expected to be given preferential treatment in terms of lower prices and little or no value lost on their investment.

-Customer: They expect that products to be sold are reliable and safe for consumption and at fair prices.

-Suppliers: Price of product supplied should be agreed by parties involved. Suppliers also expect regular and frequent orders from them.

-local community: These people expect steady employment for their children, provision of social amenities like tarred roads, community hall, cinema hall etc and avoidance of noise and environmental pollution.

-Competitors: There should be healthy rivalry among producers of similar products and all element of demarketing should be avoided.

-Government ; Government expect from shell constant and regular payments of taxes, compliance with local laws and provision of corporate social responsibilities to the host community.

-Creditors: The creditors would expect adequate returns on their loan investment, absence of failure to payback money owned them and repayment of money owed to them at the agreed date.

4 0
3 years ago
Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and re
sattari [20]

Answer:

B) Underwriting. 

Explanation:

6 0
2 years ago
Accounts receivable written-off as uncollectible during the year amounted to $12,600. The accounts receivable balance at the beg
elena55 [62]

Answer:

$72,600

Explanation:

Ending balance of the account receivable can be calculated by adding credit sales in beginning balance and deducting any account receivable written-off.

As we have the ending balance of account receivable, we need to calculate credit sales by following formula:

Account receivable Ending Balance = Account receivable Beginning Balance + Credit Sales - Bad Debt - Ending Balance

$320,000 = $260,000 + Credit Sales - $12,600

$320,000 = $247,400 + Credit Sales

Credit Sales = $320,000 - $247,400 = $72,600

8 0
3 years ago
4. In the late 1990s and through 2000, the British public became increasingly concerned about " Mad Cow Disease," which could be
LuckyWell [14K]

Answer:

The quantity is likely to decrease, the change in price depends on the extent of change in demand and supply.

Explanation:

The fear of the mad cow disease lead to a reduction in the demand for beef. This caused the demand curve to move to the left.

At the same time, destruction of cattle heads ordered by the government lead to a reduction in the supply of beef. This caused the supply curve to move to the left.

This leftward shift in both demand as well as supply curve will lead to a reduction in the equilibrium quantity of beef.

The change in price of beef depends upon the extent of change in demand and supply. If both decrease by the same extent, the price will remain the same.

3 0
3 years ago
Other questions:
  • William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c
    10·1 answer
  • Under the HIPAA Security Rule, which is NOT considered a covered entity (CE)?
    8·1 answer
  • Determine the number of cycles per day and the production quantity per cycle for this set of vehicles:
    8·1 answer
  • What is quantity control?
    6·1 answer
  • Axle Co.'s accounts receivable turnover was 9.9 for this year and 11.0 for last year. Betterman's turnover was 9.3 for this year
    5·2 answers
  • Company J acquired all of the outstanding common stock of Company K in exchange for cash. The consideration transferred exceeds
    7·1 answer
  • If cost of goods manufactured is $306,790, beginning work in progress inventory, $25,000, and cost to manufacture, $300,000, the
    14·1 answer
  • The expected average rate of return for a proposed investment of $4,250,000 in a fixed asset, using straight-line depreciation,
    6·1 answer
  • Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The purchase agreement p
    11·1 answer
  • If the price of bananas increases from $0.75 a pound to $1.00 per pound, in the market for bananas this will cause:______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!