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Montano1993 [528]
2 years ago
11

Compute darryl's total social security and Medicare taxes for the third quarter, if she is self-employed and earns $1,020.00 on

a weekly basis.
Business
1 answer:
sergejj [24]2 years ago
6 0

Answer and Explanation:

The computation of the total security and medicare tax is shown below:

Here we assume the social security and medicare tax is 12.4% and 2.9% respectively

So, first we compute the total earnings which is

= $1,020 × 13 weeks

= $13,260

Now the taxes are

= $13,260 × 12.4% + $13,260 × 2.9%

= $1,644.24 + $384.54

= $2,028.78

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A balance sheet has total assets of $1,664, fixed assets of $1,156, long-term debt of $614, and short-term debt of $191. What is
Lorico [155]

Answer:

Total assets $1664 - fixed assets of $1,156 = $508

Assets $508 - Short term debt $191 = $317

Net working capital = $317

Explanation: Working capital is the difference in operating current assets less operating current liabilities. This difference is based on the fact that the company's operating activities are sufficient to cover the commitments acquired to fund these activities.

4 0
3 years ago
Two managers in the research and development department of a company disagree on whether their organization should outsource dev
Allushta [10]

Answer:

Intragroup.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.

These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.

In this scenario, two managers in the same department of a company disagree on whether to outsource the development of a new product or staff it internally. Thus, this is an example of intragroup conflict because its happening within the same department of an organization having common goals and interests.

An intragroup conflict can be defined as a type of conflict that arises between individuals belonging to the same team or group.

5 0
3 years ago
Which of the following is not a step in creating a debt payment plan? a. Rank all debts in the order in which you would like to
7nadin3 [17]

Answer:

b. Consolidate all credit cards onto a single card with a single interest rate.

Explanation:

When a debt payment plan is initiated then, it is decided according to the outstanding amounts, that which shall be paid first and the order of payment for remaining debts.

For this monthly income and expenses are to be evaluated, in order to decide how much payment shall be made accordingly, in each month.

But this entire process do not involve the step of aggregating all the cards so that there is only one card with the same payment. There is no relation to any such payment.

7 0
3 years ago
Suppose a tax of $3 is imposed on each new garden hose that is sold, resulting in a deadweight loss of $22,500. The supply curve
liq [111]

Answer: Equilibrium quantity of garden hoses after the tax is imposed is 85000.

Explanation:

Given that,

Dead weight Loss = $22500

Tax amount per unit (t) = $3

Equilibrium quantity before tax, Q_{b} = 1,00,000 units

Equilibrium quantity after tax, Q_{a} = ?

Dead weight Loss = \frac{1}{2} \times t \times (Q_{b} - Q_{a})

22500 = 0.5 × 3 × (100000 - Q_{a})

Q_{a} = 85000 units

∴ Equilibrium quantity of garden hoses after the tax is imposed is 85000.

4 0
3 years ago
A plaintiff in a successful lawsuit was awarded a judgment of $4800 per month for 5 years. The plaintiff has the need of a fairl
tatiyna

Answer:

58.81% annual

or 3.93% monthly

Explanation:

Using a financial calculator, we can determine the internal rate of return of this investment. The initial outlay is -$110,000, and the 60 $4,800 cash flows follow. The IRR is 3.93 per month. In order to determine the effective annual rate, we can use the following formula:

effective annual rate = (1 + 3.93%)¹² - 1 = 58.81%

8 0
3 years ago
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