Tam Worldly's weekly gross earnings for the present week were $2,000. Worldly has two exemptions. Using the wage bracket withhol
1 answer:
Answer: $391.71
Explanation:
Tam earned $2,000 for the week.
There are two exemptions with each of them valued at a $75 allowance.
Net earnings = 2,000 - (75 * 2)
= $1,850
Based on the table, this falls under the $1,533 to $3,202 bracket.
Federal income tax withholding is:
= 302.95 + 28% * (1,850 - 1,533)
= 302.95 + 88.76
= $391.71
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Answer:
A. $5,250
Explanation:
As for the provided details we have,
The total cost of work in process on 31 March = $14,000
In this amount included as cost of direct labor = $5,000
This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.
Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.
Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost 75% = $3,750
Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250