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klio [65]
3 years ago
10

The biweekly taxable wages for the employees of rite shop follow. Compute the FICA taxes for each employee and the employers FIC

A taxes
Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Although you did not includes the salaries of the employees, it will be simple for you to calculate. FICA is the Federal Insurance Contributions Act, which is made up of social security and Medicare fees. For 2019, the Social Security tax rate is 6.2% on the first $132,900 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.

So, for every employee who earned $132,900 or less, it is calculated by multiplying the total earnings by 7.65% (6.2% social security +1.45% Medicare).

For all earnings that are between more than $132,900 and $200,000, it is calculated by multiplying the total earnings by 1.45%. (Medicare)

All earnings above $200,000 are taxed at 2.35% (Medicare).

After calculating each of the people, you will add up the total. The employer matches each of the contributions, so they are the exact same as the total of the employees.

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Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 201
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The answer is Department of Defense
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Disney employed ________ marketing strategy for its Disneyland Paris, particularly when it came to the eateries in the park. The
jek_recluse [69]

Answer:

Multidomestic

Explanation:

Multidomestic marketing strategy is one where a company modifies it's products to meet the local needs of the country in which it is located. For example introducing a particular flavor of a drink that is well accepted in a country.

Companies that practice multidomestic strategy tend to have many differentiated products to serve different countries.

In this instance Disney featured recipes that were revised for local tastes, alcoholic beverages (not permitted in previous parks), and increased outdoor seating.

8 0
3 years ago
Read 2 more answers
The two main official measures of money in the united states today are​ ______. The two main official measures of money in the u
kirill115 [55]

M1 and M2 are the 2 main official measure of money.

M1 measures more liquid assets that are easily accessible to the owner including cash and checking accounts. M2 measures all of M1 plus "near money" which is money tied up in investments like savings, mutual funds, and other investments.

5 0
3 years ago
Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the all
svp [43]

Answer:

Accounts Receivables 19900 debit

Sales Revenues  19900 credit

--to record sale--  

COGS  14300 debit

Inventory  14300 credit

--to record COGS of the previous sale--    

Cash    4,200 debit

Accounts Receivables 4,200 credit

--to record colelction from Beijing Palace Co--

Allowance for doubtful accounts 15,700 debit

                Accounts Receivables      15,700 credit

--to record the write-off using allowance method--

Accounts Receivables      15,700 debit

      Allowance for doubtful accounts 15,700 credit

--to record reversal when payment is received--

Cash   15,700 debit

       Accounts receivables 15,700 credit

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Explanation:

We write-off the blaance of the account

19,900 - 4,200 = 15,700

Then, we have to reverse the entry to nulify it. Then we record the colelction like any other.

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2 years ago
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lina2011 [118]

According to the context, Emmanuel is practicing <u>consideration</u> with his employees.

<h3>What is consideration?</h3>

It is linked to a reflection that can be associated with an estimate or assessment.

That is implies an attitude, or rather a set of attitudes and an evaluative tendency of individuals and groups in the work context.

Therefore, we can conclude that according to the context, Emmanuel is practicing consideration with his employees.

Learn more about consideration here: brainly.com/question/27027695

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