Answer:
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $2,767.98
- computer programmer $2,295.48
- administrator $1,993.98
Explanation:
regular earnings overtime withholding
allowances
Consultant $4,000 per week N/A 2
Computer programmer $60 per hour 1.5 1
Administrator $50 per hour 2 2
computer programmer worked 50 hours = ($60 x 40) + ($60 x 10 x 1.5) = $3,300
administrator worked 48 hours = ($50 x 40) + ($50 x 8 x 2) = $2,800
Social security taxes:
-
Consultant = 6% x $4,000 = $240
- Computer programmer = 6% x $3,300 = $198
- Administrator = 6% x $2,800 = $168
Medicare taxes:
- Consultant = 1.5% x $4,000 = $60
- Computer programmer = 1.5% x $3,300 = $49.50
- Administrator = 1.5% x $2,800 = $42
Federal income taxes:
- Consultant: amount subject to withholding = $4,000 - (2 x $75) = $3,850. Federal income taxes = $356.90 + [28% x ($3,850 - $1,796) = $932.02
- Computer programmer = amount subject to withholding = $3,300 - (1 x $75) = $3,225. Federal income taxes = $356.90 + [28% x ($3,225 - $1,796) = $757.02
- Administrator = amount subject to withholding = $2,800 - (2 x $75) = $2,650. Federal income taxes = $356.90 + [28% x ($2,650 - $1,796) = $596.02
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $4,000 - ($240 + $60 + $932.02) = $2,767.98
- computer programmer $3,300 - ($198 + $49.50 + $757.02) = $2,295.48
- administrator $2,800 - ($168 + $42 + $596.02) = $1,993.98
Answer:
<h2>In this case,the answer would be option b. or perfectly competitive or monopolistically competitive.</h2>
Explanation:
- A perfect competitive market structure is commonly characterized by the presence of many firms or producers and buyers or consumers.The products or services sold in the perfectly competitive market are homogeneous or similar in nature,feature or characteristic.
- A monopolistic competition is identified as a particular type of market structure in which there are many firms or companies selling differentiated or heterogeneous products or services.Hence,monopolistic competition also consists of many or numerous firms or companies but unlike perfect competition,the products or services in monopolistic competition are differentiated or heterogeneous in nature,feature of characteristic.
Answer:
$18,400
Explanation:
Using the appropriate cost driver <u><em>(which is the most appropriate method of determining or calculating a particular cost. The Variable cost drivers might come in the form of costs per unit, hourly costs, or batch costs, among others. it can also be fixed costs, which could be in form of set-up costs.),</em></u> the total cost of the potential job will be $18,400
The full diagram explaining the step be step procedure is in the attached image below.
Answer:
B) the sale of goods to a customer.
Explanation:
When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.
For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $1,200
Sales Revenue $1,200
Cost of Goods Sold $1,000
Finished Goods Inventory $1,000
Purpose was to lower trade barriers, such as high tariffs on
imported goods and restrictions on the number of imported items that inhibited
the free flow of goods across borders. Refers to manufacturers'
of goods and services from around the globe to take advantage of national
differences in the cost and quality of various factors of production (land,
labor, energy, capital) is called Globalization of production (off-shoring).
