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MariettaO [177]
3 years ago
5

Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F

ICA 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 for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680.70. His net pay for the month is:_________
A) $3,857.30
B) $3,510.14
C) $4,538.00
D) $3,162.98
E) $4,190.84
Business
1 answer:
harina [27]3 years ago
8 0

Answer: $3,510.14

Explanation:

Trey Morgan's net pay will be amount remaining after deducting the FICA taxes for Social security and Medicare and the Federal income tax withheld.

The net pay is therefore:

= 4,538 - (4,538 * 6.2%) - (4,538 * 1.45%) - 680.70

= 4,538 - 281.356 - 65.801 - 680.70

= $3,510.14

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Nursing home kitchens, corporate employee lunchrooms, and state park concession stands are all examples of? A. noncommercial foo
Basile [38]

Answer:

D

Explanation:

D because you have to keep up with demand

3 0
4 years ago
On-Time Delivery has a unique software program that tracks packages in real time and maps every step of their journey. Such a te
postnew [5]

Answer: Core capability

Explanation:

 The core capability is one of the type skills that set by an organization for managing all the business activities and achieving the desirable  results.

It is also focusing on the various types of core capabilities of the company. It helps in increase the growth and also the development of the company.

According to the given question, the ON-Time delivery is one of the type of unique software program that helps in managing all the real time packages and the technologies and this is known as the core capabilities.

  Therefore, Core capabilities is the correct answer.

8 0
3 years ago
A credit to a liability account would happen upon the sale of a product because?
erastova [34]

A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.

<h3>What do credit do to liabilities?</h3>

In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.

Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.

Read more about liability account

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6 0
2 years ago
10. ABC Company uses a job-order costing system and computes its predetermined overhead rate annual on the basis of direct labor
Ne4ueva [31]

Answer:

Predetermined overhead rate is $9 per labor hour

Explanation:

Estimated Direct-labor hours = 10,000

Estimated Manufacturing overheads = Estimated Fixed overheads + Estimated variable overheads

Estimated Manufacturing overheads = $50,000 + $40,000

Estimated Manufacturing overheads = $90,000

Predetermined overhead rate = Estimated Manufacturing overheads / Estimated Direct-labor hours

Predetermined overhead rate = 90,000 / 10,000 = $9 per labor hour

8 0
3 years ago
Woodman Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the fo
ahrayia [7]

Answer:

(a) 72

(b) 57.6

(c) 46.08

Explanation:

Given that,

Units produced = 1

Marginal Labor Time = 112.50

Units produced = 2

Marginal Labor Time = 90.00

First, we need to calculate the learning rate.

Learning Rate:

= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100

= (90 ÷ 112.50) × 100

= 80%

At production level of 1 unit:

Marginal Labor time = 112.5

At production level of 2 units:

Marginal Labor time:

= Marginal Labor time at 1 unit × Learning rate

= 112.5 × 80%

= 90

(a) At production level of 4 units:

Marginal Labor time:

= Marginal Labor time at 2 units × Learning rate

= 90 × 80%

= 72

(b) At production level of 8 units:

Marginal Labor time:

= Marginal Labor time at 4 units × Learning rate

= 72 × 80%

= 57.6

(c) At production level of 16 units:

Marginal Labor time:

= Marginal Labor time at 8 units × Learning rate

= 57.6 × 80%

= 46.08

5 0
3 years ago
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