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
Tpy6a [65]
4 years ago
11

Red Mountain, Inc. has the following information from its payroll records: Salaries and wages earned by employees $ 180,000 Less

: income taxes withheld from employees 27,000 Less: FICA taxes withheld from employees 9,000 Net pay to employees $ 144,000 The employer amount of FICA taxes that Red Mountain is required to pay is equal to the amount that it withholds from its employees. Assume no other payroll taxes are incurred at this time. What is Red Mountain's total expense with regards to this payroll
Business
1 answer:
dimaraw [331]4 years ago
8 0

Answer:

Red Mountain's total expense with regards to this payroll is $189,000

Explanation:

In order to calculate Red Mountain's total expense with regards to this payroll we would have to make the following calculation:

Red Mountain's total expense=Salaries and wages earned by employees+FICA taxes

According to given data:

Salaries and wages earned by employees=$ 180,000

FICA taxes=$9,000

Therefore, Red Mountain's total expense=$ 180,000+$9,000

Red Mountain's total expense=$189,000

Red Mountain's total expense with regards to this payroll is $189,000

You might be interested in
What are the phases in a business cycle?
-BARSIC- [3]
Recovery, Prosperity, Recession and Depression
8 0
3 years ago
A friend comes to you seeking advice. He got into trouble at work for not being a team player. He really likes his job and isn’t
Oksanka [162]

Answer:

well he should apologize to his boss and everyone he wasn't a team player to because someone must have told his boss, and then proceed to say he with work with others better and mean it. hope this helps your "friend"

Explanation:

3 0
3 years ago
Which of the following digital marketing methods refers to a systematic process of ensuring that your firm comes up at or near t
Ber [7]

Answer:

Option C -Search Engine Optimization is the correct answer.

Explanation:

The key to attracting  traffic to one's website is by integrating content with many search engines and social media marketing.

Search Engine Optimization is better achieved by making certain changes to a website in a bid to make it more attractive to search engines such that search engine will display the business website as one of the top results when a search is done.

8 0
3 years ago
A car loan requiring quarterly payments carries an APR of 8%. What is the effective annual rate of interest?
ZanzabumX [31]

Answer:

Effective annual rate 8.24%

Explanation:

We solve for the effective rate by calcualte how much is the value of the APR with quarterly compounding.

(1+\frac{APR}{M} )^m = 1 + EAR

(1+0.08/4)^4 = 1+ EAR\\(1+0.08/4)^4 -1 =  EAR\\\\EAR = 0.08243216

6 0
3 years ago
What are the key conditions or circumstances that must be present for a company to be "auditable"? What uncommon challenges to "
Rasek [7]

Answer:1.

1. Key conditions for the company to be "auditable" :

<u>- Transparency in the company's financial statements </u>

Meaning the company should let the auditors acess the full financial information taht written by the company, without any information to hide.

<u>- The company's control environment </u>

This mean that the company should be able to inform the set of procedures that it implemented for the operation

<u>- Management is aware of possible risks and are following steps to minimize the risks ethically</u>

This means that the management shouldn't overblown their expense to increase their deductible or overblown their asset value to obtain investors.

<u>  - Good communication between the auditors and the management</u>

<u>2.</u>  What uncommon challenges to "auditability" are posed by Chinese companies?

Unlike united states government, the Chinese government tend to have a really strong influence within the private sector. It has a significant amount of ownership toward chinese largest corpration.

This make it really hard for auditors because those companies often required by the government not to spill crucial information of the company. That information might compromise the Chinese government.

6 0
3 years ago
Other questions:
  • O
    7·2 answers
  • What is the total retail market value of all goods and services produced in a nation during a given period, usually a year?
    9·1 answer
  • Assume that Pope Enterprises held a $10,000, 10 percent, six-month note signed by Mary Drew. On December, 1, 2015, the maturity
    6·1 answer
  • The government’s involvement in economy serves what two purposes?
    8·1 answer
  • Prepare a bank reconciliation: ABC Enterprises gathered the following information prior to reconciling their cash balance per bo
    11·1 answer
  • Suppose you deposit ​$ cash into your checking account. By how much will the total money supply increase as a result when the re
    9·1 answer
  • The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
    12·1 answer
  • Essay on concept of business in islam ​
    14·1 answer
  • Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27
    14·1 answer
  • Plese help!!!!!!!!!!!!!!!!!!!!!!!!!!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!