3 years ago

Under the Federal Insurance Contributions Act, where do the funds for Social

Business

1 answer:

emmasim [6.3K]3 years ago

6 0

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

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nd -4- 2 (1)/(2)

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3 years ago

Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being

kramer

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A. Is in violation of the bankruptcy code.

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The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense at December 31, 2021 is calculated as shown below:

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P=$198,000

T=2 Months=(2/12) year

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I=$3960

The correct option will be "B. $3,960."

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3 years ago

As Shirley responded to a personnel director's concerns about changing to the health-care plan her firm offered, she said, "I ca

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<u>Reffeal</u>

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A letter of reference is an effective method for establishing clear communication with information needed to clarify possible doubts and bring credibility. It should be written in a formal manner, highlighting the strengths of the message to be conveyed beyond clear, accurate and honest language.

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3 years ago

During the current month, a company that uses job order costing purchases $52,000 in raw materials for cash. It then uses $22,00

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Account Title Debit Credit

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Account Title Debit Credit

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Raw materials $20,100

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3 years ago