1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
10

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp

loyers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $128,400, how much will be withheld during the year for Peterson's Social Security and Medicare taxes. (Round your answers to the nearest dollar amount.)
Business
1 answer:
Rudik [331]3 years ago
5 0

Answer:

$10,570.80

Explanation:

The computation of the withheld during the year is shown below:

= Social security tax + medicare tax

where,

Social security tax is

= $128,400 × 6.2%

= $7,960.80

And, the medicare tax is

= $180,000 × 1.45%

= $2,610

So, the total withheld during the year is

= $7,960.80 + $2,610

= $10,570.80

We simply added the social security and medicare taxes so that the withheld could come

You might be interested in
If the ending inventory in the previous period was understated $17,000 and the ending inventory in the current period was overst
kotegsom [21]

Answer:

In the current period,

b. Cost of goods sold

Explanation:

With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000.  Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).

4 0
2 years ago
Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec
Pepsi [2]

Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

It is computed as follows:

FV = PV (1+r)^n

FV = Future Value, PV = present value, r- interest rate, n- number of years

<em>Future value of $7500 after 3 years:</em>

FV = 7500× (1.08)^3 = 9,447.84

<em>Future Value of $9000 after 2 years:</em>

FV = 9000 × (1.08^2) = $10,497.6

<em>Future value of $12,500 after 1 year:</em>

FV = 12500× 1.08 = $13,500

The future value of these cashflows at the end of year 5

= 9,447.8 + 10,497.6 + 13,500

= $33,445.44

7 0
3 years ago
Read 2 more answers
Jamie would like to identify the similarities and differences among seven different types of flowers. Jamie should use a Venn di
expeople1 [14]

Jamie cannot use the Venn diagram as the best compare and contrast graphic organizer for his project. Thus, The correct answer is False.

<h3>What is a Venn diagram?</h3>

Venn diagram is used to compare elements of the same type. This includes cross-sectional circles where you write features that do not include each element, as well as the common ones.

This type of diagram is recommended when comparing two or three elements because you need a circle or space for each element, so it is not possible to compare several elements.

Thus, it is a lie to say that Jamie should use the Venn diagram in his project, because he needs to compare seven types of flowers and this does not happen using the Venn diagram, instead he should use a chart or similar that allows him to compare multiple elements. The correct answer is False.

To learn more about the Venn diagram, refer to the link:

brainly.com/question/26090333

6 0
2 years ago
Under Armour wants to assess its brand equity more effectively and asks its marketing team to convince upper management why it i
oee [108]

Answer:

The correct answer is letter "A": Brand equity is strategically important and correlates directly to Under Armour's profitability.

Explanation:

Brand equity refers to the perception consumers have about a firm that affects its value. Brand equity could be positive or negative. It is an important element for companies aiming to settle in the market through marketing strategies that generate more profits by attracting more customers. Brand equity can be measured by <em>price, customer satisfaction, popularity, brand awareness </em>or <em>market share.</em>

<em />

<em>Thus, the marketing team of Under Armour could state that conducting a brand equity measurement is crucial because it is related to the firm's ability to generate profit.</em>

3 0
2 years ago
The focus groupis meeting on Tuesday.The policy is too old; itneeds to be revised.The management teamwants to hire new warehouse
erastovalidia [21]

Answer:

The verbs in these sentences are:

1. is

2. needs

3. wants

4. buys

5. feel

6. recommend

7. has

8. makes

9. uses

10. shows

Explanation:

Verb is a word in a sentence which describes an action of a person. It is the word which gives understanding about the task performance in a sentence. The verb can be single or multiple in a single sentence. The choice of verb is dependent on the noun. There are 4 forms of verb which are used in a sentence.

4 0
2 years ago
Other questions:
  • An invisible barrier that blocks the promotion of a qualified individual in a work environment because of the individual's gende
    15·1 answer
  • "how does an investor earn money by buying bonds at a discount"
    9·1 answer
  • List at least four ways someone can prepare to
    9·1 answer
  • A copy machine acquired with a cost of $1,410 has an estimated useful life of 4 years. It is also expected to have a useful oper
    8·1 answer
  • Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 fi
    13·1 answer
  • A student remarks:
    15·1 answer
  • You are working with your project team to schedule activities for your construction project. You have the carpet installation ac
    15·1 answer
  • Review the WBS and Gantt chart you created for Tasks 3 and 4 in Module 5. Propose three to five additional activities that would
    11·1 answer
  • Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance,
    7·2 answers
  • " The capable manpower is the key factor of any vocation ". Justify this statament with suitable examples .
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!