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julia-pushkina [17]
3 years ago
12

R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social Security taxes at a rate of 6

.2% and Medicare taxes at a rate of 1.45% on John's salary. In addition, Ybarra must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.8% on the first $7,000 of Ince's salary. Compute the total cost to Ybarra of employing Ince for the year. Round your answer to the nearest cent.
Business
1 answer:
masya89 [10]3 years ago
4 0

Answer: $57488.50

Explanation:

The total cost to Ybarra of employing Ince for the year will be calculated thus:

Gross Salary = $53,000

Add: Social security tax = $53000 × 6.2% = $3286

Add: Medicare tax = $53000 × 1.45% = $768.50

Add: SUTA tax = $7000 × 5.4% = $378

Add: FUTA tax = $7000 × 0.8% = $56

Total cost to Ybarra of employing Ince will be $57488.50

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3 years ago
The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur
Andreyy89

Answer:

a. 14.75%

b. Under priced

Explanation:

The computation for the required rate of return is shown below:

a. Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6% + 1.25 × (13% - 6%)

= 6% + 1.25 × 7%

= 6% + 8.75%

= 14.75%

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3 years ago
Jake just got a big promotion at work and wants to buy a new jaguar.​ however, he lives in northeast​ indiana, and the nearest j
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QS 18-11 Margin of safety LO P2 Zhao Co. has fixed costs of $455,600. Its single product sells for $191 per unit, and variable c
babunello [35]

Answer:

The margin of safety in dollars is $611,200 and the margin of safety percent is 32%

Explanation:

In order to calculate the margin of safety in dollars and as a percent of expected sales If the company expects sales of 10,000 units we would have to calculate the following:

margin of safety in dollars=Margin of Safety units*sold price

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Margin of Safety units = Sales - Breakeven units

sales=10,000 units

Breakeven units = Fixed cost/Contribution margin per unit

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Margin of Safety in dollars =$611,200

Margin of Safety percent=Margin of Safety units/sales

Margin of Safety percent= 3,200/10,000

Margin of Safety percent=32%

The margin of safety in dollars is $611,200 and the margin of safety percent is 32%

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