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mariarad [96]
3 years ago
9

Mobile Sales has five employees which receive weekly paychecks. Each earns $11.50 per hour and each has worked 40 hours in the p

ay period. Each employee pays 12% of gross in Federal Income Tax, 3% in State Income Tax, 6% of gross in Social Security Tax, 1.5 % of gross in Medicare Tax, and 1/2% in State Disability Insurance. None of the employees is subject to a ceiling amount for Social Security. What is the amount of Sales Wages Expense
Business
1 answer:
Oliga [24]3 years ago
3 0

Answer:

$2,300

Explanation:

Sales wages expense = Number of employees * Hourly rate * Number of hours worked = 5 * $11.50 * 40 = $2,300

Note: The calculated $2,300 is the actual Sales Wage Expense. Other rates are just withholding tax that will be deducted before the net pay is paid to the employees.

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If 3,000 is invested at 7% for 6 months,how much simple interest is earned
Shtirlitz [24]
I believe the answer would be $126,000 because 3,000*7*6 equals 126,000. I may have done it wrong since I haven't done this in a while.
4 0
3 years ago
Pauley Company provides home health care. Pauley charges $35/hour for professional care. Variable costs are $21/hour and fixed c
Lyrx [107]

Answer:

the variable cost ratio is 60 % (option d)

Explanation:

The variable cost ratio (VCR) represents the ratio of variable costs to sales. Therefore

VCR = (total variable costs)/(total sales)

since

total variable costs = variable costs * services provided = $21/hour * 12000 hours/year = $252000 /year

total sales = price of service * services provided = $35/hour * 12000 hours/year = $420000 /year

thus

VCR = ($252000 /year) / ($420000 /year) = 0.6 = 60 %

8 0
3 years ago
Which advantages of small business helped mary ellen sheets establish and grow two men and a truck? 2. which disadvantages of sm
Lana71 [14]

<u>Solution:</u>

1. Two men and a truck have an advantage of making their workers comply with the Grandma Law, which demonstrates respect and compassion for their clients. It welcomed new buyers, retained the faithfulness of current customers and made the company's own identity distinctive. The freedom of Two People and a Truck was another plus.

Two men and a truck were using the unsegmented approach to the market that many small companies have to or plan to do. This was based in its business or division on any consumer.

The marketing technique used was the conventional and modern internet and social media marketing method, PR&D and the news media.

2.  A) a lack of venture value: because they were a very small enterprise that used to carry their operations out, most customers had lost confidence or a value in their funding, believing their concept of selling franchises was not a successful one.

b) Failure to have sufficient funding: Originally, as this business started to expand rapidly, it emerged as a money-making workplace; a big concern was the shortage of investment resources.

Suggestions for addressing this were: using alternate funding strategies such as retained profits, bank loans, and so on.

3.  Two men and a truck should sell concessions outside North America. That is a smart idea. It is because since developing the organization, it is clear that it knows its strong fields, which it will use to develop a stable presence on the world market, with some 300 franchises in North America. Furthermore, this packaging and shipping company's business model is something essential and recognizable in the world.

Global franchises are more likely to question the organization if it is willing to adapt or deviate its strategies in order to suit the consumer market in a different country with a particular philosophy from the North American community, its corporate social management programs, its goals and its organizational ethics.

8 0
3 years ago
What are four types of taxes that you pay (or are likely to pay in the future)? Describe these types of taxes
Rama09 [41]

Answer:

State Withholding Tax

Federal Withholding Tax

Property Tax

Sales Tax

Explanation: The withholding taxes are both actually taxes withheld from your paycheck that goes to state officials and federal officials. The property taxes are taxes that will be charged against any personal property that you own And sales tax is a tax that you pay on any purchases that you buy depending on your state

8 0
3 years ago
Annie has just eaten a large order of heavily salted french fries, some pickled eggs, and some cheese. how will consuming this m
Ludmilka [50]
One of the effects is the rise in blood pressure. She would also experience a sudden thirst. I f she continues to do this for a longer time it would affect her heart causing it to enlarge and give false signals of taking in more salt and consume more water. The condition of increasing more salt and water would lead to a congestive heart problem.
4 0
3 years ago
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