Answer: $38,097.50
Explanation:
Mandy Feng has to pay Johnson $35,000 for the year as well as various taxes. Adding all of these up is the total cost of hiring Johnson to Mandy Feng.
Calculating therefore we have,
= Salary + Social Security Taxes + Medicare Taxes + SUTA Tax + FUTA Tax
Remember, it is stated that FUTA and SUTA are applicable to only the first $7,000 of Johnson's pay.
= 35,000 + (6.2% * 35,000) + (1.45% * 35,000) + ( 5.4% * 7,000) + ( 0.6% * 7,000)
= 35,000 + 2,170 + 507.50 + 378 + $42
= $38,097.50
The total cost to Feng of employing Johnson for the year is $38,097.50
Answer:
Option b is correct
Explanation:
The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.
The effect on the accounting equation will be Liabilities and assets decrease.
In economic accounting, a liability is described because of the future sacrifices of monetary advantages that the entity is obliged to make to other entities due to past transactions or other beyond events.
A liability is something a person or company owes, commonly a sum of money. Liabilities are settled over the years via the switch of economic blessings which include cash, goods, or offerings.
There are three primary classifications for liabilities. they're current liabilities, long-term liabilities, and contingent liabilities. Contemporary and lengthy-time period liabilities are going to be the most commonplace ones which you see for your enterprise.
Learn more about liability here brainly.com/question/25687338
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Correct answer choice is:
<h2>B. more government control over production.</h2><h3>Explanation:</h3>
A command economy is a regularity where the government, rather than the free market, decide what assets should be manufactured, how enormously should be manufactured and the amount at which the assets are allowed for trade. It also fixes finances and interests. The command economy is a fundamental characteristic of a communist nation.
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