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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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Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $36 per share. She borrows $4,500 from her b
meriva

Answer:

A) Dee´s Margin = 58.33%; B) Remaining Margin if price drops to $26 is 30.56% C) She won´t receive a margin call (but close...)

D) Rate of Return = - 32.36%

Explanation:

Hi, first let´s find out what the initial margin is, for that we have to use the following formula.

Margin=\frac{Equity}{ValueStocks}

Now, in order to find the equity, we have to find the total value of the stocks and substract the debt from it, since it was 300 shares at $30 per share, the total value of the investment is $7,800, therefore, its equity is $3,300 ($7,800-$4,500).

So everything should look like this

Margin=\frac{6,300}{10,800} =0.5833

So the initial margin was 58.33%

If the price drops to $26 by the end of the year, the remaining margin in her account is:

Margin=\frac{3,300}{10,800} =0.3056

So the remaining margin one year later, after the stock price dropped to $26 was 30.56%

Now, in order to find the rate of return on her investment, at the end of the year, we have to remember that the money loaned was at 11%, therefore, the best way to find out the return of this investment is to convert this into money, like such.

First (Gross Return of the stock)

Gross Return=\frac{Final.P-Initial.P}{Initial.P} x100

Gross Return=\frac{26-36}{36} x100=-0.2778

Ok, we have the gross return, which is -$27.78%

The interest expenses are just as follows.

Interest Expense=4,500*0.11=-495

To find the return on the investmen, we need to use the following formula.

RateReturn=\frac{FinalInvestment-InitialInvestment}{InitialInvesment} x100

The final investment is: Gross return($)+interest Expenses

FinalInvest=\frac{300*(-10)+(-4,500*0.11)}{10,800} =-0.3236

This means that, by the end of the year, her return on the investment was -32.36%. In money, this is - $3,495.

Best of luck.

5 0
3 years ago
The situation where the buying power of money in terms of goods and services increases is called:_____
Alla [95]

The situation where the buying power of money in terms of goods and services increases is called <u>deflation</u>

In economics, deflation is a general decline in the price level of goods and services. Deflation occurs when inflation falls below 0% (negative inflation). Inflation depreciates a currency over time, while sudden deflation increases it. As a result, more goods and services can be purchased with the same currency than before. Deflation is different from disinflation, which is a slowdown in the rate of inflation. H. Inflation is declining but still positive.

Economists generally consider sudden deflationary shocks to be a problem in the modern economy. This is because the real value of debt increases, especially if deflation occurs unexpectedly. Deflation can also exacerbate the recession and lead to a deflationary spiral.

Learn more about deflation  here: brainly.com/question/13562161

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6 0
1 year ago
What contribution does the retail sector make to the UK economy ?
Rama09 [41]

Answer:

The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy. 14% of all UK investment made by large non financial-sector firms is made by large retailers. Retailers purchase around £180bn worth of goods for resale, supporting £47bn of output from other sectors.

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3 years ago
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An administrator receives an email message from what appears to be the company bank. the email asks for account information. the
dangina [55]
The security threat detected is fraud
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3 years ago
The most competitively effective and very likely most profitable long-term approach to reducing or eliminating the impact of pay
monitta

Build and equip a production facility in Europe-Africa and then expand it as may be needed to supply all ( or at least most) of the pairs the company intends to try to sell in Europe-Africa is the most competitively effective and very likely most profitable long-term approach to reduce or eliminate the impact of paying tariffs imported to a company's distribution warehouse in Europe-Africa.

Tariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade limitations that raise prices and decrease available quantities of goods and services for U. S. businesses and customers.

A “unit” or specific tariff is a tax levied as a fixed charge for each unit of a good that is imported – for instance, $300 per ton of imported steel. An “ad valorem” tariff is levied as a proportion of the value of imported goods. An example is a 20 percent tariff on imported automobiles.

Learn more about Tariffs here brainly.com/question/8000501

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1 year ago
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