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Tema [17]
3 years ago
15

Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming th

at the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period? a.$127.50 b.$25.50 c.$102.00 d.$96.00
Business
1 answer:
Phoenix [80]3 years ago
8 0

Answer:

127.50

Explanation:

850x2 employees=1700

1700x.075(7.5%)=127.50

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On July 1, Year 1, Howe Corp. issued 300 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, year
Fed [463]

Answer:

Howe receives $304,500 from the issue

Explanation:

The bond issue price is made up of the 99% price plus the interest accrued from the  last date of interest payment to the date of bond purchase.

The amount to be received from the bond issuance is calculated thus:

99% price 300*$1000*99%                             $297,000

Accrued interest 3/12*10%*$1000*300               $7,500

Total amount received from the issue           $304,500

Since the next payment of interest would be paid to the buyer,it is expected that the buyer pays the seller for interest accrued on the date of purchase that would eventually be paid to the buyer

3 0
3 years ago
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3 years ago
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victus00 [196]

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