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olchik [2.2K]
3 years ago
5

The federal Social Security Act A. Does not apply to self-employed persons. B. Excludes professionals such as accountants, lawye

rs, and doctors. C. Provides for a deduction for Social Security taxes paid by the employee that is available against his or her federal income tax. D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.
Business
1 answer:
Andrej [43]3 years ago
3 0

Answer:

D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.

Explanation:

As with reference to Sec 312(a) - it clearly states that all the amount rendered by the employer to the employee as in the nature of wages shall be included for computing the value of contributions.

Thus, as the bonuses and commissions are part of wages.

This clearly it creates the understanding that all the bonus and commissions received by the employee shall form part of wages for calculating the value of employer employee contributions towards the funds.

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Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budg
TEA [102]

Answer:

b.$7,172.16 favorable

Explanation:

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate          $  13.13

actual rate  $  12.20

actual hours       7,712

difference between actual and standart rate $0.93

As it is positive the variance is favorable as we spend less per hour than standard.

Now, we multiply by the actual hours to get the rate variance:

7,712 hours x $0.93 = $7,172.16

4 0
3 years ago
Read 2 more answers
If a company receives $12,000 from the stockholders to establish a corporation, the effect on the accounting equation would be:_
Darina [25.2K]

Answer:

The correct answer is option A

Explanation:

A receipt of cash indicates an increase in cash which is an asset. When an asset increases, it is represented by a debit to that asset's account and the asset side of the accounting equation is also debited. Thus, a receipt of $12000 cash from stockholders will be represented by a debit or an increase to the asset account for $12000.

The other side of the transaction would be a credit to the equity for $12000 because the stockholders are the owners of the company and any capital invested by the owners in the company is represented by a credit to the equity account as the capital is credited when it increases. Thus, the effect on accounting equation will be an increase in the equity of $12000.

4 0
3 years ago
can someone tell me how this "attain" amount is calculated PS3 price is 299$ PS3 sold are 11.25 Million per unit total cost is 2
IgorC [24]

Answer:

IDK which I need also

Explanation:

....................................................

4 0
3 years ago
The president of the United States receives tax policy advice from economists in the a. Federal Reserve. b. Department of Justic
Evgen [1.6K]

Answer:

Department of the Treasury

Explanation:

The function of the Department of the Treasury is to conserve a firm economy and also to create various job opportunities by accelerating the various conditions that enable the growth of the economy.

The Treasury also play an important role in intensifying national security by tackling a variety of threats and protecting the integrity of the financial system. It also plays a role in handling the U.S. Government’s finances and resources effectively. The United States president also receives tax policy advice from economists in Treasury Department.

7 0
4 years ago
President Obama praised Cumberland Farms, a convenience store chain based in Framingham, Massachusetts, for empowering its emplo
Elina [12.6K]

Answer:

A) Communicate regularly about the firm’s progress toward meeting its strategic objectives as well as the threats and weaknesses that pose challenges.

D) Adopt a compensation plan that pays employees more when the company meets its goals.

Explanation:

If Cumberland Farms wanted to take other actions to empower its workforce, they should consider communicate regularly about the firm’s progress toward meeting its strategic objectives as well as the threats and weaknesses that pose challenges. this will allow employees to have a better idea of the company and can make better decisions.

They must also adopt a compensation plan that pays employees more when the company meets its goals which would motivate employees to make decisions that would benefit the company and work harder.

5 0
4 years ago
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