Answer:
FUTA tax due from the corporation is $108
Explanation:
The First and Second employee earned 7000 each
The Third employee earn earns 4000
Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972
How much FUTA tax is due from Willow Corporation for 2019?
Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:
=(6% of 18000) - $972
=1080-972
=$108
Which of the following is an example of irregular income?
A. A full-time job
B. A part-time job
C. A graduation gift
D. Both b and c
The answer is C
Answer:
$1,565.48
Explanation:
This is an annuity due type of question since the recurring payments are made at the beginning of each year unlike Ordinary annuity whose payments occur at the end of each period.
With a financial calculator on beginning mode "BGN", use the following inputs to find the PV;
Total duration of investment; N = 3
Recurring payment; PMT = 550
Interest rate; I/Y = 5.5%
One time cashflows; FV = 0
then compute for Present value ; CPT PV = 1,565.476
Therefore, the most you should pay is $1,565.48
Answer:
OC. between two private individuals.
Explanation:
A business letter is a formal document written to convey an official or commercial message. It is written in a standard format. A Business letter is usually short, clear, and concise.
Two private individuals will probably communicate using personal letters. Unlike a business letter, a personal letter uses a friendly and relaxed tone. They are no laid down formats to consider. Personal letters may convey messages concerning the writer or recipient's social, religious, or economic matters.
