Answer:
$19,790
Explanation:
A taxpayer’s tax base for computing a self-employed taxpayer’s self-employment tax (i.e., net earnings from self-employment) is the taxpayer’s net business profit from Schedule C multiplied by 92.35%.
So, Alice’s net earnings from self-employment is her net profit from Schedule C of $150,000 x 92.35% = $138,525.
Alice will owe $15,773 ($127,200 maximum amount x 12.4%) in Social Security taxes and $4,017 ($138,525 x 2.9%) for the Medicare component of FICA taxes.
Alice owes total self-employment tax of $19,790 ($15,773 + $4,017).
She is not subject to additional Medicare tax because her net earnings from self-employment do not exceed $200,000.
I’m not sure about the first one (my best guess is B.) but the second one is A.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.
Direct labor per unit= 0.25*14= $3.5
Direct labor equation= 3.5*x
x= units produced
For example:
100 units
Direct labor= 3.5*100= $350
The three key types of productivity are technological productivity, managerial productivity, and human labor productivity
