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2 years ago

Under FICA only, cash tips of more than $100 in a month are defined as taxable wages.

Business

1 answer:

Kazeer [188]2 years ago

5 0

Answer:

Option b: False

Explanation:

FICA is simply known as Federal Insurance Contributions Act. It is the act under which this tax is also deducted from the paycheck.The FICA tax rates and taxable wage bases are exactly the same for employees and employers.

Government uses FICA tax to provide

an income check to people at retirement age,health care, another service and others. It it a body that has its own rules, regulations and default in any of them may lead to penalty.

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Euphrasia, a mixed open economy, was severely affected by a recession that almost paralyzed its service sector. The Euphrasian

Flura [38]

Answer:

E) Oil imports declined as countries exporting oil reduced supply.

Explanation:

Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

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3 years ago

Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater

Rufina [12.5K]

,Answer:

Zoe Corporation

Statement of Cost of Good Manufactured For the Month Ended March 31

Work in Process Inventory 22,000

Direct Materials:

Materials inventory, March 1 6,000

Purchases 92,000

Less Materials inventory, March 31 <u> ( 8,000)</u>

Cost of Materials used in Production 90,000

Direct Labor 25,000

Factory Overhead <u> 37,000</u>

Total Manufacturing Cost 174,000

Less Work in Process Inventory, March 31 <u> (23,500) </u>

Cost of Goods Manufactured 150,500

7 0

3 years ago

The attributes of a conventional corporation include that: Multiple select question. it is state chartered it is a legal entity

Scrat [10]

The attributes of a corporation include:

It is state chartered
It is a legal entity.
Corporate liability is separate from owners.

<h3>What is a corporation?</h3>

A corporation simply means a large company that's acts as a single entity. It's also recognized by law.

A corporation is state chartered, legal entity, and its corporate liability is separate from owners. It's usually a large group of company.

Learn more about corporation on:

brainly.com/question/2514694

8 0

2 years ago

What's the difference between life insurance and business insurance

Pavlova-9 [17]

Answer:

response

Explanation:

Health insurance protects you and your health. pays hospitals and whatnot. Business insurance protects your business and assets under it.

8 0

3 years ago

A decreasing-cost industry is one in which: a. contraction of the industry will decrease unit costs. b. input prices fall or tec

Bas_tet [7]

Answer:

Explanation:

When we talk of a decreasing cost industry, we refer to an industry in which the expansion of the industry will lead to a decrease in the unit production cost.

So with respect to the question at hand , the correct answer is that the input prices will fall as industry expands

The case of a a technological improvement is expected to drive a decrease in the input prices for production in the expanding industry

8 0

2 years ago