Answer:
Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)= @141.2
Explanation:
<em>Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)</em>
<em>September Earnings Subject to Tax </em>
Federal income tax @$70
FICA—Social Security = 800 (@tax rate= 6.20%)= $49.6
FICA—Medicare :800(@tax rate=1.45%)= $11.6
Total taxes withheld : 141.2
Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)= @141.2
The economic order quantity is 110.
I hope it helped good luck
Answer: $86,112
Explanation:
The MACRS depreciation rate for recovery period of 5 years is attached to the table below.
In the first year, there was a depreciation of;
= 299,000 * 20%
= $59,800
In the second year;
= 299,000 * 32%
= $95,680
In the third year;
= 299,000 * 19.20%
= $57,408
The Accumulated Depreciation in Year 3;
= 59,800 + 95,680 + 57,408
= $212,888
Book Value in third year;
= 299,000 - 212,888
= $86,112
Answer: True, True, False, C Corp
Explanation:
Qualified dividends may be subject to a marginal tax rate of 23.8 percent (20 percent for the capital gain and 3.8 percent tax on net investment income) for taxpayers with income over a certain threshold.
True
Although corporate income is subject to double tax, in some circumstances, the overall tax rate for corporate income is lower than the tax rate for flow-through income.
True
The corporate tax rate is slightly higher than the top individual marginal tax rate.
False
Losses from which of the following entities are carried forward at the entity level?
C corporation
They influence by making certain type of. Loans to the financial markets which causes growth