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2 years ago

Which is an example of a mandatory deduction on a pay stub?

Business

1 answer:

Grace [21]2 years ago

3 0

Answer:

Some mandatory payroll tax deductions that employers are required by law to withhold from an employee's paycheck include: Federal income tax withholding. Social Security & Medicare taxes – also known as FICA taxes.

~Its srishty~✿

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Mike Samson is a college football coach making a base salary of $651,600 a year ($54,300 per month). Employers are required to w

Ratling [72]

Answer:

$7960.80; $9948.20 ; $17,409

Explanation:

Given the following :

Coach base salary = $651,600 ($54,300/month)

Social security tax = 6.2% upto maximum base amount

Medicare tax = 1.45% with no maximum

FICA base amount = $128,400

Coach Samson Social security and Medicare tax:

Social Security tax amount = 6.2% of $128,400

= 0.062 * $128,400 = $7,960.80

Medicare tax amount :

1.45% of $651,600

(1.45 / 100) * $651,600

0.0145 * $651,600

= $9948.20

Additional amount towards FICA taxes:

$7,960.80 + $9,948.20 = $17,409

4 0

3 years ago

Identify a true statement about team norms.

Vlad1618 [11]

Answer: C- They often lead to stronger organizational commitment.

Explanation: Team Norm are guidelines that guides team members in achieving organisational commitments which includes but not limited to profit maximisation.

When a team norm is well organised, it leads to teams goals of being more committed to the success of the organisation.

6 0

3 years ago

Consider the case of Demed Inc.: Demed Inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity.

solong [7]

Answer:

A) YTM = 7.64%

B) YTC = 7.36%

C) 8 years

D ) 7.64%

Explanation:

Annual coupon bond rate = 9%

number of year left until maturity = 18

par value of Bonds( FV ) = $1000

current market price( PV ) = $1130.35

Demed can call bonds in 8 years at a call price of $1060

A) what is the Bonds' YTM ( yield to maturity )

we calculate the interest per period ( PMT )

= ( Fv * Annual coupon bond rate) / number of compounding per year

= (1000 * 9% ) / 1 = $90

next we calculate number of compounding periods till maturity ( NPER )

= number of years to maturity * number of compounding per year

= 18 * 1 = 18

using excel formula = RATE ( NPER,PMT,PV,FV) )

hence yield to maturity = 7.64%

B) what is YTC ( yield to call )

we calculate the interest per period ( PMT )

= $1000 * ( coupon rate / number of compounding per year )

= $1000 * ( 9% / 1 ) = $90

next we calculate the number of compounding periods till sell

= 8 * 1 = 8

using excel formula = RATE ( NPER,PMT,PV,FV) )

Hence the YTC = 7.36%

C) Bonds will be called at 8 years and this is because the YTC is less than YTM

D ) The coupon rate for the bonds to be issued at par, is 7.64%

6 0

3 years ago

Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).

Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

= $10.45 - $8.25

= $2.2

Interest percentage for a week:

= $\frac{Interest\ for\ a\ week}{Loan\ Amount}\times100$

= $\frac{2.2}{8.25}\times100$

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

= Interest percentage for a week × Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence, effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.

3 0

3 years ago

Question 27 (2 points)

AnnyKZ [126]

Answer:

Entrepreneurship

Explanation:

7 0

2 years ago