The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay p
1 answer:
Answer:
The Social Security Tax is $38.44
The Medicare Tax is $8.99
The Federal Income Tax withholding is $70.00
The Income Tax is $6.2
The Net Pay is $496.37
Explanation:
Use the following formula to calculate the Social Security Tax
Social Security Tax = Gross Pay x Social Security tax rate = $620 x 6.2% = $38.44
Use the following formula to calculate the Medicare Tax withholding
Medicare Tax = Gross Pay x Medicare tax rate = $620 x 1.45% = $8.99
Federal Income Tax withholding = $70.00 ( From the attached Table )
Use the following formula to calculate the Income Tax
Income Tax = Gross Pay x Income tax rate = $620 x 1% = $6.2
Use the following formula to calculate the net pay
Net Pay = Gross Pay - Social Security Tax - Medicare Tax - Federal Income Tax withholdiing - Income Tax = $620 - $38.44 - $8.99 - $70.00 - $6.2 = $496.37
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Answer:
The maximum amount of good Y produced will be 960.
Explanation:
Smallville has a linear production possibility frontier in the production of good X and good Y.
It can produce 6 of X per hour or 8 of Y per hour.
It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.
It means that both good X and good Y get 120 hours of labor each.
The amount of good Y produced in 120 hours
=
= 960 units
Answer:
= 7.77
≅ 8 kanban cards
Explanation:
K =
K = Number of kanban card sets
D = Average number of units demanded over some time period
L = Lead time to replenish an order
S = Safety stock expressed as a percentage of demand
C = Container size
where,
D = If the average number of units demanded is 2400 and the time period is 2 hours, then that's 1200 in an hour, 1200 in 60 minutes, 20 in one minute.
L = 40
S = 0.1
C = 120
K = 20 * 40 (1 + 0.1) / 120
K = 7.77
approximately
≅ 8 kanban cards