Answer:
$132,000
Explanation:
Particulars Amount
Service cost $82,000
Add: Interest on projected benefit obligation $56,000
Add: Amortization of prior service cost $12,000
due to increase in benefits
Less: Expected return on plan assets <u>($18,000)</u>
Pension expense <u>$132,000</u>
Answer:
<h2>
total payroll tax expense $11.080</h2>
Explanation:
First, calculate the total expense in salaries.
100 * 40 * 20 = $80.000
Based on this amount, calculate the taxes associated.
Fica Taxes : 80.000 * 0.765 = 6.120
Unemployment taxes: 80.000 * 0.062 = 4.960
<h2>
total payroll tax expense $11.080</h2>
Answer:
The correct answers are A, B and C
Explanation:
Job cost sheet is the sheet or the document which is used for recording the manufacturing costs and it is made or prepared through the companies that use the system of job order costing in order to compute as well as allocate the costs to the services and the products.
It is used to provide the subsidiary ledger for the Inventory which is finished goods, monitor the costs that is incurred and to predict as well as control the costs of each and every job and provide a record which is permanent for the account of COGS.
According to the Keynesian approach an increase in the money supply increases real GDP by lowering interest rates which increases investment.
The Keynesian theory implied that during a recession inflationary pressures are low, but when the level of output is at or even pushing beyond potential gross domestic product, or GDP, the economy is at greater risk for inflation.
Keynesians do believe in an indirect link between the money supply and real GDP. They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall.
Learn more about Keynesian here
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