1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
1 year ago
12

There are two FICA taxes withheld from your paycheck: Social Security (6.2%) and Medicare (1.45%). Your gross pay for this month

is $1,200. What is total amount of FICA taxes withheld
Enter amount $.
Business
1 answer:
Yuliya22 [10]1 year ago
5 0

Answer:

91.80

Explanation:

Add your 2 percentages 2gether, then take that percentage, move your decimal back 2 places, & multiply the total monthly gross... then move your decimal

You might be interested in
How do the elements of the marketing mix work together to help create a<br>marketing strategy?​
alex41 [277]

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

4 0
2 years ago
Everything else equal, an asset's value is:
Harrizon [31]

Answer:

The correct option is A, an asset's value is inversely related to the rate of return investors require to purchase it

Explanation:

The asset value is the initial purchase price determined by discounting the future cash flows from the asset to present values using a the required rate of return.

Ultimately, the higher the required return, the lower the present value of the investment whose price is being determined and the lower the discount the rate of return used in discounting relevant cash flows to present values the higher the present values.

7 0
2 years ago
Lucci Inc. is a retailing firm specializing in high-end merchandise. Each of Lucci's stores uses the retail inventory method by
ludmilkaskok [199]

Answer:

1 Line item description                Cost                Retail

2 Beginning inventory                 40000            360000

3 Purchases                                  1000000        10000000

4 Transportation in                       50000

5 Purchase returns                      -20000          -196000    

6 Net purchases(3+4+5)             1030000        9804000

7 Net additional markups                                    800000    

8 Cost to retail ratio                     1070000       10964000

  component(2+6+7)

9 Net markdowns                                                -500000    

10 Sales                                                                  -9800000    

11 Ending inventory,retail(8+9+10)                       664000

Setup calculation:

Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail

= 1070000/10964000

= 0.097592

= 9.76%

Ending inventory,cost = Ending inventory,retail*Cost to retail ratio

= 664000*9.76%

= $64806

Cost of goods sold = Sales*Cost to retail ratio

= 9800000*9.76%

= $956480

7 0
2 years ago
On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

.

3 0
2 years ago
Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit
vlabodo [156]

Answer:

<u>Monopolistic Competition:</u>

4. a firm that faces a downward sloping demand curve.

<u>Perfect Competition:</u>

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

<u>Both:</u>

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0
3 years ago
Other questions:
  • Which of the following antitrust acts would make it illegal for a board member of Microsoft to sit on the board of Apple?
    11·1 answer
  • An economic model is:
    6·2 answers
  • The basis of accounting used by not-for-profit organizations in their external financial reports is
    13·1 answer
  • IKEA sells a portable workbench called the FARTFULL. The product has many positive features, and in German or Swedish markets, t
    9·1 answer
  • In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often
    15·1 answer
  • A firm is expected to generate earnings of $2.22 per share next year. The mean ratio of share price to expected earnings of comp
    6·1 answer
  • Does anyone know how to poison a teacher?​
    9·1 answer
  • What is a business's target market?
    6·2 answers
  • Alicia loses her job part way through 2019. Her employer pays her wages of $15,450 up through her date of termination. After tha
    9·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $825,000; Allowance for Doubtful Accounts has a credit bala
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!