The marginal tax rate is the number that the government sets for people to pay. The effective tax rate is the number that people actually pay for their taxes after deductions.
Answer:
A firm is deciding how much of its equipment to sell so that it can reduce its monthly loan payments for equipment.
The direct mail is the marketing channel that has the most expensive CPM.
What is the CPM?
The CPM is the acronym of the term Cost per thousand. This is used in marketing to show the cost of 1000 advertisements on a web page.
The advertisers that use this have to pay each time that their adverts come up. Publishers earn income anytime such ads come up on their page.
Read more on cpm here:
brainly.com/question/24860817
Answer: $1,110.11
Explanation:
The Employer is to pay and withhold all taxes except the income tax withheld so the employer's payroll tax expense will be;
= Social Security Tax + Medicare tax + FUTA + SUTA
= ( 0.062 * 8,838) + ( 0.0145 * 8,838) + ( 0.008 * 7,000) + ( 0.054 * 7,000)
= 547.96 + 128.15 + 56 + 378
= $1,110.11
<em>SUTA and FUTA are payable on first $7,000 of an employee's pay.</em>
Answer: $2,033.46
Explanation:
Social security taxes = 8,388 * 6.2% = $520.06
Medicare taxes = 8,388 * 1.45% = $121.63
Federal income tax withheld = $1,391.77
FUTA and SUTA are to be paid by the employer not the employee.
The total amount of taxes withheld from Portia is therefore:
= 520.06 + 121.63 + 1,391.77
= $2,033.46