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
galina1969 [7]
2 years ago
15

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The

FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings
Business
1 answer:
serg [7]2 years ago
6 0

Answer: $‭2,033.46‬

Explanation:

Social security taxes = 8,388 * 6.2% = $‭520.06

Medicare taxes = 8,388 * 1.45% = $‭121.63

Federal income tax withheld = $1,391.77

FUTA and SUTA are to be paid by the employer not the employee.

The total amount of taxes withheld from Portia is therefore:

= 520.06 + 121.63 + 1,391.77

= $‭2,033.46‬

You might be interested in
Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.
kenny6666 [7]

Answer:

B. the quantity of only one factor of production is​ fixed; the quantities of all factors of production can be varied

Explanation:

  • As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.
  • Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.
5 0
2 years ago
Which examples demonstrate tasks commonly performed in Construction jobs? Check all that apply.
Strike441 [17]

Answer:

The given options are the examples which demonstrate tasks commonly performed in Construction jobs:

  • Aisha lifts bags of concrete.
  • Wallace installs lighting fixtures and wiring
  • Nelson parks cars for other workers.
  • Dionne creates a calendar showing all of the deadlines for a project.

8 0
2 years ago
Read 2 more answers
The method used to share an idea with an audience is called what? 6 points
Natalka [10]
The answer is medium. In the communication process, a medium is a channel or system of communication. The means by which information or the message is transmitted between speakers or writer which is the sender and an audience which is the receiver. In addition, the communication media denotes to the means of transporting and receiving data or information. In telecommunication, these means are conduction and channels for data storage and conduction.
8 0
2 years ago
It is a business venture by two or more people​
BlackZzzverrR [31]

Answer:

A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.

Hope it helps

7 0
2 years ago
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The c
kherson [118]

Answer:

<u>Details                                             April       May       June </u>

Unit to be produced                        576        630        608

Explanation:

The production budget For April, May, and June can be prepared as follows:

                                                 Ruiz Co.

                                         Production Budget

                                   For April, May, and June

<u>Details                                                                April       May       June   </u>

Next month's budgeted sales (A)                     640       590         680

Ratio of inventory to future sales (B)                20%      20%         20%

Budgeted ending inventory (C = A * B)             128        118          136

Budgeted unit sales for month (D)                    560       640        590

Req'd units of avail. production (E = C + D)      688        758        726

Budgeted beginning inventory (F)                     112        128          118

Unit to be produced (G = E - F)                        576        630        608

5 0
3 years ago
Other questions:
  • Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
    6·1 answer
  • Gracey's Department Stores has $200,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Gracey's also has $6
    14·1 answer
  • Which of the following is an example of the unethical practice of discrimination at work?
    12·1 answer
  • Reasons why estimating time and cost are important include all of the following EXCEPT:_________
    11·1 answer
  • A common-size income statement is useful for - comparing total assets and total liabilities of different firms. - comparing work
    8·1 answer
  • Thad Morgan, a motorcycle enthusiast, has been exploring the possibility of relaunching the Western Hombre brand of cycle that w
    13·1 answer
  • Suppose that over the past decade, US inflation is greater than in Mexico. Assume that the dollar appreciates relative to the Me
    13·1 answer
  • ACME Corp. managers lack the will and resources to develop international marketing strategies but are happy when their company's
    15·1 answer
  • Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan asset
    8·1 answer
  • M and M, Inc. produces a product that has a variable cost of $4.20 per unit. The company's fixed costs are $45,600. The product
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!