Answer:
Employer should withheld $1,643 from Baker's salary
Explanation:
Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.
The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.
Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.
Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.
Answer:
$30,800
Explanation:
Data provided in the question:
Carrying value of bond = $308,000
Face value = $320,000
Interest rate = 8% = 0.08
Market rate = 10% = 0.10
Now,
Interest expense to be recognized in 2018
= ( Bond carrying value ) × ( Market rate of interest )
or
Interest expense to be recognized in 2018 = $308,000 × 10%
or
Interest expense to be recognized in 2018 = $30,800
If people start to put more of their income into savings and investment, this will provide a boost to the economy.
This is because, more money would be available for businesses to invest in various industries and sectors, which will lead to more spending and more jobs in the economy.
Market structure refers to the categorization of firms according to the types of goods they sell and their methods of operation. Given the question, the market structure that describes retail clothing is
Monopolistic Competition is that where there are different firms selling similar things that are not particularly, exact.
It is easy to start up this sort of business because there are not so many barriers to entry.
Also, competitors are independent because the decision of one does not affect the others. Retail clothing is an example.
Learn more here:
brainly.com/question/2891218
Answer:
The total cost of Job 903 is $5,073.20
Explanation:
The computation of the total cost is shown below:
= Direct material used + Direct labor cost + overhead cost (Predetermined manufacturing overhead rate per direct labor hour × Direct labor hours used in Job 903)
= $3,200 + $1,092 + ($18.60 × 42 labor hours)
= $3,200 + $1,092 + $781.20
= $5,073.20
