What is the incidence of a tax?

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted

kozerog [31]

Answer:

Answer is explained in the explanation below.

Explanation:

Solution:

According to the data given: This can be solved as following. (Note: we are not given income tax tables to calculate the accurate net pay. So, according to given information here. Following is the accurate one. )

Let's assume, a 6.2% tax rate for SS ( Social Security) and 1.45% tax rate on Medicare:

So,

Social Security = 6.2%

Medicare = 1.45%

Pay Per hour = $14.30

So, let's calculate Rhonda's Gross pay:

Gross Pay = Pay per hour x total number of hours

Gross pay = $14.30 x 80 hours

Gross Pay = $1,144

Now, calculate the Rhonda's Reduction for Social Security:

Rhonda's Reduction for Social Security = $1,144 x 6.2%

Rhonda's Reduction for Social Security = $70.928

Similarly, Rhonda' Reduction for Medicare:

Rhonda' Reduction for Medicare = $1,144 x 1.45%

Rhonda' Reduction for Medicare = $16.588

So Finally,

Rhonda's Take-home Pay for her first check will be = Gross pay - Rhonda's Reduction for Social Security - Rhonda' Reduction for Medicare

Rhonda's Take-home Pay for her first check will be = $1,144 - $70.928 - $16.588

Rhonda's Take-home Pay for her first check will be = $1,056.484

7 0

3 years ago

Kilroy Corporation provides services to a customer for $1,000. The customer complained that there was a slight defect in the ser

nordsb [41]

Answer:

debit to Sales allowance of $50

Explanation:

When some defect in a product is revealed or notified by the buyer, the seller usually grants the customer an allowance which is termed as sales allowance.

It is usually allowed when the customer agrees to keep the product instead of returning the defective product which would constitute sales returns.

Following journal entry is recorded for recording sales allowance

Sales Allowance A/C Dr. $ 50

To Accounts Receivable $50

(Being allowance for defects recorded)

Sales allowance is deducted from gross sales before the customer makes payment.

8 0

3 years ago

Shane, a sales manager, remarked that typically, her employees sincerely and positively overstate their job performance and abil

e-lub [12.9K]

Answer:

C) holier-than-thou

Explanation:

A holier than thou appeal refers to an attitude of superiority. It was originally used as a religious expression to show that someone was more "holy" or more religious than other people.

But this approach of feeling superior also takes place in a business when a member of the organization feels that his/her job is better and more important than the jobs and performance of the rest. It implies being super optimistic about your own abilities and capabilities, enough for them to diminish others.

E.g. how many times have you heard someone else say that if it was him/her that was doing something important, everything would be great and flow smoothly, because they are the best in doing this and that, and about everything else.

8 0

3 years ago

How could jim get the views of employees who may have left the company due to perceptions of discrimination or unequal treatment

photoshop1234 [79]

Jim could get the views of employees who may have left the company due to perceptions of discrimination or unequal treatment by contacting them. For contacting the employees who have left the company due to perceptions of discrimination or unequal treatment Jim should first find out details of those people like phone number and email address.

After finding out the details, he should contact them and ask what is their reason to leave the company and if they feel discrimination or unequal treatment practice in company and if yes why they feel so. If they give confirmation regarding the same then Jim should talk to the current employees and find out how it happen and who practices this in firm.

After knowing the issue Jim should take appropriate steps to discard this practice from the organization.

Read more about organization on brainly:-

brainly.com/question/15628242

#SPJ4

4 0

1 year ago

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound. An alternative would be

n200080 [17]

Answer:

If the company process further the units, income will decrease by $600.

Explanation:

Giving the following information:

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound.

An alternative would be to process Product A further for $13,600 and then sell it for $23.00 per pound.

We need to determine the result of further processing the product.

Sell as-is:

Effect on income= 1,300*13= $16,900 increase

Continue processing:

Effect on income= 1,300*23 - 13,600= $16,300

It is more profitable to sell the units before further processing.

8 0

3 years ago