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Mumz [18]
3 years ago
13

Paid salaries to staff 1500​

Business
1 answer:
Pepsi [2]3 years ago
7 0
I don’t understand what the question is...
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The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa
Goryan [66]
The given values in the problem are enumerated below:
futa tax rate = 0.8%
suta tax rate = 5.4 %
Employee's fee = $7,100
Amount taxes = $7100 *(0.008+0.054)= $440.2

When an employee earned total wages of $9100, we can solve the unknown:
Employee's wages =  $9100 + $440.2
Employee's wages = $ 9540.2

3 0
3 years ago
During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wag
hjlf

Answer:

GROSS MARGIN = 33.33%

Explanation:

PRODUCTION COST COMPONENTS

  • Direct materials 14,000  
  • Direct work 19,000  
  • Lease and utilities 17,000

TOTAL PRODUCTION COST = 50,000

TOTAL UNITS PRODUCED = 5,000

UNIT COST= (Total Production Cost / Total Units Produced) = 50,000 / 5,000 = 10  

FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 5,000 – 3,000 = 2,000

FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,000 * 10 = 20,000

SALES REVENUE= (Sold Units * Sale Price) = (3,000 * 15) = 45,000

COST OF SOLD GOODS (a) = (Sold Units * Unit Cost) = 3,000 * 10 = 30,000

COST OF SOLD GOODS (b) = (Beginning Balance + Production cost – Final Balance) = 0 + 50,000 – 20,000 = 30,000

GROSS MARGIN = ((Sales Revenue – Cost of sold Goods) / Sales Revenues) * 100 = ((45,000 – 30,000) / 45,000) * 100 = 33.33%

COST OF SOLD GOODS (a) Calculated according to the inventory unit cost

COST OF SOLD GOODS (b) Calculated as the difference in inventory

7 0
3 years ago
HURRY NEED ANSWER ASAP which feature of a GUI browser allows you to list URL's that you use often
zlopas [31]
Bookmarks is the answer
3 0
3 years ago
Read 2 more answers
Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods d
Leviafan [203]

Answer:

The correct answer is option c.

Explanation:

An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.

This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.  

This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.

3 0
3 years ago
Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each
Elza [17]

Answer:

each shareholder has $250,000 of the dividends.

Explanation:

At the end of the year, just before the distribution, each shareholder's basis is:

= $400000 + 10000 + 50000

= $550,000

after the distribution, each shareholder's basis is:

= 300000 + 200000

= $500000

therefore, each shareholder has $250,000 of the dividends.

6 0
3 years ago
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