It is False.
No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.
Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.
The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.
To learn more about social security and medicare from given link
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George is utilizing competitive intelligence. This is a
strategy in which the individual made use of gathering, defining and as well as
analyzing their customers, competitors or products by means of helping improve
his or her own business and to make strategic decisions that would be best for
one’s business or company.
Answer:
budgeted costs for direct materials
budgeted direct manufacturing labor
budgeted manufacturing overhead
Explanation:
Direct materials costs are $4.00 per pool cue.
Direct manufacturing labor is $6.00 per pool cue.
Manufacturing overhead is $0.84 per pool cue.
total budgeted direct materials = 22,000 x $4 = $88,000
total budgeted direct labor = 22,000 x $6 = $132,000
total budgeted manufacturing overhead = 22,000 x $0.84 = $18,480
The information about the beginning and ending inventories is not relevant to this question since it only deals with budgeted or estimated costs which may or may not differ from actual costs.
Answer:
He will have $102,979 in his retirement account in 10 years.
Explanation:
Annual Payment = $2,000
Number of Year = n = 10
Interest rate = i = 5%
Compounded Quarterly
Future value after 10 years
FV = A [ ( ( 1 + ( r / m )^mt ) - 1 / ( r / m )
FV = $2,000 [ ( ( 1 + ( 0.05 / 4 )^40 ) - 1 / ( 0.05 / 4 )
Future value = $102,979
So, Ira Schwab will have $102,979 in his retirement account in 10 years.
<span>D. all of these is correct</span>
