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andriy [413]
3 years ago
15

Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4,

he was paid his regular salary of $250.
a) The amount of OASDI taxes to withhold from Eager's pay is __________.
b) The amount of HI taxes to withhold from Eager's pay is __________.
Business
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

A. $35.34

B. $8.27

Explanation:

A. Calculation for The amount of OASDI taxes to withhold from Eager's pay

OASDI taxes to withhold =(320 + 250)*6.2%

OASDI taxes to withhold = $570 × 6.2%

OASDI taxes to withhold = $35.34

The amount of OASDI taxes to withhold from Eager's pay is $35.34

B. Calculation for amount of HI taxes to withhold from Eager's pay

HI taxes to withhold=(320 + 250)*1.45%

HI taxes to withhold =$570*1.45%

HI taxes to withhold= $8.27

Therefore The amount of HI taxes to withhold from Eager's pay is $8.27

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There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con
Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

5 0
2 years ago
The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______
Gelneren [198K]

Answer:

Utilization.

Explanation:

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the utilization rate.

This ultimately implies that, a utilization rate measures or estimates the level of output a fixed asset produces relative or in comparison with it's capacity.

Generally, the utilization rate is usually measured in proportions and displayed in percentages so as to gather information about organizational cost structure and operational efficiency.

6 0
3 years ago
After reading the article, select the statements that are correct. Choose one or more: A. The cost-of-living adjustment for 2020
Mama L [17]

Answer:

  • B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
  • C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
  • D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.

Explanation:

The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits '' </em>by<em> Associated Press. </em>

Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.  

Advocates and the seniors themselves have complained that the 2020 COLA is not enough to meet their current needs especially given the rising cost of healthcare.

Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.

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You receive three credit scores: 680, 705, 695. what is your average credit score?
Nataly_w [17]
The correct answer is 693.33333333.
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3 years ago
If you have $3,000 invested in a roth ira, what is true about your contribution?
Arlecino [84]
A. You have already paid taxes on the money, so it will grow tax free.
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