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jekas [21]
3 years ago
12

According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.

5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes.
Required:
Calculate the employer's payroll taxes.
Business
1 answer:
MAXImum [283]3 years ago
7 0

a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.

Answer:

$9800

Explanation:

This question requires us to calculate the employer's payroll taxes

His social security tax = $110000*6.0%

= 110000x0.06

=$6600

His Medicare tax = $110000*1.5%

= 110000*0.015

= $1650

His state and federal unemployment tax = 25000 dollars

State = 25000x5.4%

= $1350

Federal = 25000x0.8%

= $200

Total employers payroll tax

$(6600+1650+1350+200)

= $9800

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A party who agrees to act on behalf of another person or party is called a( n ) ________.
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<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
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An investor from United Arab Emirates wants to establish a University of Science and Technology in Uganda.
prisoha [69]

Answer:

Make a canteen

Explanation:

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4 0
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In Kravonia, the average salary for jobs requiring a college degree has always been higher than the average salary for jobs that
Lubov Fominskaja [6]

The average number of years Kravonian college students remain enrolled before completing a degree has been increasing over the past several years.

Option B is correct

Explanation:

This one notes that years of enrolment for Kravonian students have been increasing over the past few years. As it has done for the last couple of years, the increase in enrolment will therefore have little effect on "Kravonians entering the labor market with a college degree."

Option A : Number of college degrees is clearly out of scope.

Option C : Percentage of population attending college in other countries is clearly out of scope.

Option D : Strengthens the argument.

Option E : Irrelevant

7 0
3 years ago
Aptitude is the ability to evaluate your strengths and weaknesses (True or False)
Ipatiy [6.2K]

Glad I can can Help!!!

Answer: True

Explanation:

Aptitude is the ability to evaluate your strengths and weaknesses. Entrepreneurship involves risk, which is both an advantage and a disadvantage. It is not necessary to determine how much money it will take to start a business because you will be able to borrow the money you need.

If satisfied with my answer please leave a review and give me brainiest :D

3 0
3 years ago
Read 2 more answers
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.
Alenkinab [10]

Answer: Check attachment

Explanation:

Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:

= $49700 + $34110

= $83810

Operating income was calculated as:

= Gross profit - Total expenses

= $107200 - $83810

= $23390

Check the attachment for further details.

4 0
3 years ago
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