All categories

2 years ago

HELPPPPPPPPPP

Business

1 answer:

Eva8 [605]2 years ago

5 0

Employees pay half (1.45%) of the medicare tax while the employer pays the other half.

<h3>What is Medicare tax?</h3>

This is an insurance which is deducted from wages and salaries in order to cater for healthcare.

In cases where people are self-employed they pay both halves of the tax while in situations where they have an employer , it is split into two in which the employer and employee pay them.

Read more about Medicare here brainly.com/question/24908169

You might be interested in

Which federal agency calculates the Consumer Price Index (CPI)?

Jet001 [13]

<span>U.S. Bureau of Labor Statistics</span>

6 0

3 years ago

Read 2 more answers

Sunland Companybudgeted manufacturing costs for 60000 tons of steel are: Fixed manufacturing costs $50000 per month Variable man

taurus [48]

Answer:

$710,000

Explanation:

A flexible budget is a type of budget that changes in relative to the volume of output

<u>Workings</u>

Monthly Fixed manufacturing cost - $50,000

Variable cost /Ton - $12

Production in March -55000

Variable cost of production in March - $(12*55000) = $660,000

Total manufacturing cost = Fixed cost + Variable cost

$660,000 + $50,000= $710,000

<u />

6 0

3 years ago

In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:

REY [17]

Answer:

B. changes production levels to meet the demand.

Explanation:

The Keynesian model is usually used as a theoretical approach to understand economics in the short run. For Keynes, in the short term, firms can not change their prices immediately because exist a menu cost: the cost of changing prices. Instead, firms change the unique variable that they can control: quantities.

In such way can meet the demand in the short run.

7 0

3 years ago

A _____ is a legally-binding agreement between two or more parties.

sleet_krkn [62]

A ''contract'' is a legally-binding agreement between two or more parties.

4 0

3 years ago

Read 2 more answers

The Kollar Company has a defined benefit pension plan. Pensioninformation concerning the fiscal years 2013 and 2014 are presente

Mkey [24]

Answer and Explanation:

The Kollar Company

Pension Cost

Current Service Cost 5600,00,000.00 6100,00,000.00

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 600,00,000.00 600,00,000.00

Total Service Cost 6200,00,000.00 6700,00,000.00

Interest Cost 2600,00,000.00 3000,00,000.00

Expected Return on Plan Assets -1800,00,000.00 -2148,00,000.00

Amortisation of AOCI-Return on Plan assets -250,00,000.00 -200,00,000.00

Net Interest Cost 550,00,000.00 652,00,000.00

Net Pension Cost 6750,00,000.00 7352,00,000.00

Details Details 2013 2014

PBO

Opening Balance A 2,000.00 3,000.00

Add: Prior Service Cost B 600.00 0

Add: Interest (A+B*.10) 260.00 300.00

Less: Payment Of Benefit(Assumed to be atthe end of Year) -420.00 -490

Add: Current Service Cost 560.00 610

Closing Balance 3,000.00 3,420.00

Plan Assets

FV of Opeining Assets A 1,500.00 1790

Less Benefit -420.00 -490

Add: Contributions 580.00 630

Add: Actual Return 130.00 180

Closing Balance 1,790.00 2,110.00

Computation Of AOCI

Opening Balance -250 -225

Less: Amortisation 25 25

Closing Balance

Difference Between Actual Return andExpected return (Y1-1500*.12-130) (Y2-1790*.12-180)

Opeing Balance 50

Loss On Actual Return 50 34.8

Less: Amortisation 50/10 -5

Closing Balance 50 79.8

Net -175 -120.2

Computation Of PensionCost

Current Service Cost 560 610

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 60 60

Total Service Cost 620 670

Interest Cost 260 300

Expected Return

on Plan Assets -180 -214.8

Amortisation of AOCI-

Return on Planassets -25 -20

Net Interest Cost 55 65.2

Net Pension Cost 675 735.2

Date Account Head And Explaination

2013

Dr Current Service Cost 6100,00,000.00

Cr Defined Benefit Obligation 6100,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 3000,00,000.00

Cr Defined Benefit Obligation 3000,00,000.00

Dr AOCI-Expected Return-Actual Return 500,00,000.00

Dr Plan Assets( Actual Return) 1300,00,000.00

Cr Expected Return( Pension Cost) 1800,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

2014

Dr Current Service Cost 5600,00,000.00

Cr Defined Benefit Obligation 5600,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 2600,00,000.00

CrDefined Benefit Obligation 2600,00,000.00

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

Dr Interest Expense -50,00,000.00

Cr AOCI-Expected Return-Actual Return -50,00,000.00

Date

2103

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Past Service Cost 6000,00,000.00

Cr DBO 6000,00,000.00

4) 2103

Dr DBO 4200,00,000.00

Cr Plan Assets 4200,00,000.00

Dr Plan Assets 5800,00,000.00

Cr Cash 5800,00,000.00

2014

Dr DBO 4500,00,000.00

Cr Plan Assets 4500,00,000.00

Dr Plan Assets 6300,00,000.00

Cr Cash 6300,00,000.00

8 0

3 years ago