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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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LO 3 Chad's Chocolates is considering the purchase of a new candy press. The machine under consideration costs $17,550 and would
devlian [24]

Answer:

B) $(1,813)

Explanation:

Initial investment = 17,550

Annual cashflows = 2,650

Terminal Cashflow = 500

You can solve for NPV using financial calculator with the following inputs;

CF0= -17,550

C01 = 2,650

F01 (Frequency) = 19

C02 = 2,650 + 500 = 3,150

I=16%

Net present value; NPV = -1,812.879 or -1,813 rounded off to the nearest whole number.

4 0
2 years ago
Suppose that the populations of the United States and China both increase by 12 million people in one year. What would be the re
JulijaS [17]

Answer:

In the given year, American population grew by 4% while China's population grew by 1.2%.

Explanation:

The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.

To determine the percentage of population increase in each country, we must perform cross multiplications:

-U.S:

300 = 100

12 = X

(12 x 100) / 300 = X

1,200 / 300 = X

4 = X

The United States grew by population 4% in the year.

-China:

1,000 = 100

12 = X

(12 x 100) / 1,000 = X

1,200 / 1,000 = X

1.2 = X

China grew by population 1.2% in the same period of time.

8 0
3 years ago
Read 2 more answers
Noncallable bonds that mature in 10 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual
sergejj [24]

Answer:

Price  of Bond= $907.766

Explanation:

The price of the bond is the present value of its future cash flow discounted at the required rate of return of 5.5%.

Price of Bond = PV of interest payment +PV of redemption value

<em>PV of interest payment:</em>

interest payment = 5.5%× 1000= 55

PV = A × (1+r)^(-n)/r

A- 55, r - 7%, n- 10 years

PV = 55, r- 5.5%, n- 10

PV = 55× 1.07^(-10)/0.07= 399.417301

<em>Present Value of redemption </em>

PV = F× (1+r)^(-n)

F= 1000, r- 7%, n- 10 years

PV = 1,000× 1.07^(-10)= 508.3492921

Price  of Bond =  508.3492921  + 399.417301= 907.7665931

Price  of Bond= $907.766

3 0
2 years ago
XYZ Inc. has a facility with six departments (A, B, C, D, E, and F). A summary of the processing sequence for 10 products and th
denpristay [2]

Answer:

hello your question is incomplete attached below is the complete question

answer : attached below

Explanation:

<u>A) develop the from-to chart based on expected weekly production </u>

Firstly we calculate the production quantity processed

i) Qab = 960 + 1200 + 720 + 2400 + 480 + 2400 + 3000 + 960 + 1200 = 13320

ii) Qbd = 2400 + 3000 + 1200 = 6600

<u>B) calculate the values to be entered in cells of table attached below (develop a block layout using SLP )</u>

Cell bc = 11400 + 6600 = 18000

Cell bd = 6600 + 3000 = 9600

Cell be = 4920 + 5400 = 10320

Cell cd = 2400 + 1200 = 3600

Cell ce = 4200 + 7800 = 12000

Cell df = 960 + 1200 = 2160

7 0
3 years ago
assume the following the standard price per pound is 2.00 the standard quantity of pounds allowed per unit of finished goods is
IrinaVladis [17]

Answer: $2.28

Explanation:

Based on the information given, the actual price per pound of direct materials will be calculated as:

Material Price Variance = (14000)

Since material price valriance is the actual price deducted from the standard price for actual quantity that was used during production process. This will be:

(14000) = [(2 × 50000)] - [Actual Price × 50000]

(14000) = (100000) - (actual price × 50000)

(Actual Price × 50000) = 100000 + 14000

Actual Price × 50000) = 114000

Actual Price = 114000 / 50000

Actual price = 2.28

7 0
2 years ago
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