Employee earnings records for Slaymaker Company reveal these gross earnings for four employees through the pay period of December 15.

J. Seligman $93,500 L. Marshall $115,100
R. Eby $113,600 T. Olson $140,000
For the pay period ending December 31, each employee’s gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $132,900.

Instructions

Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)

Prepare payroll register and record payroll and payroll tax expense.

Answers

Answer 1

Based on the information, it can be inferred that Olson must pay $11,054.25 as FICA Tax.

How to calculate the FICA withholding of each employee?

To calculate the FICA withholding of each employee it is necessary to add the $4,500 earned by the employees in the pay period of December 31:

$93,500 + $4,500 = $98,000$113,600 + $4,500 = $118,100$115,100 + $4,500 = $119,600$140,000 + $4,500 = $144,500

Next, we need to calculate 7.65% of values over $132,900, meaning only Olson's income tax would apply.

To calculate 7.65% of Olson's gross profits it is calculated as shown below.

$144,500 ÷ 100 = $1,445

$1,445 × 7.65% = $11,054.25

Based on the above, the tax Olson must pay is $11,054.25

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Related Questions

Chris is a project manager. He has just completed the project-execution phase. What tasks does he need to
complete during the next phase of the project? CHECK ALL THAT APPLY

Create a project schedule

Send out the project review report

Give the deliverable to the customer

Conduct a risk assessment

monitor and control the project

Build the deliverable

Back up important project documents

Conduct the project review

Answers

As a project manager, it is important for Chris to review the technicalities of the project and then building the deliverables in such a way that they can be given to the customer.

Who is a project manager?

A project manager is a professional who is involved in completion of a project being assigned to him in the organization with the help of resources available at his end.

After the execution of a project has been completed, a review must be done for the project, after which important backups of the project must be made.

This shall be followed by project review report must be sent to the respective authorities. Finally, deliverables are to be built and given to the customer as per their requirements.

Hence, options B, C, F, G and H hold true regarding the next phases to be completed by Chris as a project manager.

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Easy question 18 points………….

Answers

Answer: D) Duty of care, breach of duty, causation, and harm

Detailed Explanation:

Negligence claims must prove four things in court: duty, breach, causation, and damages/harm.

What does the Internet of Things (IoT) enable?

Answers

Answer (with explanation):

Using IoT intelligent systems, customized products can be made quickly and optimized quickly, and product demands can be met more quickly. In smart manufacturing, IoT enables manufacturing devices to be connected to enable network control and management. These types of systems enable products, processes, and supply chains to be optimized, as well as product demand to be met.

Hope this helps :)

Respond to the following prompt in a post with a minimum of 250 words, then comment on at least TWO other posts. Respond to the posts indicating your agreement or disagreement with their position and why. Feel free to bring in additional references to these reply posts. Find a current news article or video (within the past 12 months) that describes some government intervention in the economy with the intent of controlling prices. Identify the parties who benefit and those who are or will be hurt by this intervention. What unintended consequences will likely or have occurred as a result of this intervention. What is your opinion on this matter? Why? Include your thoughts and the link to the article in your post.

Answers

Government, usually intervene in the foreign exchange market mainly for preventing violent fluctuations in the exchange rate. A foreign currency is sold when it is overvalued and bought when it is undervalued. As the US works to correct its deficit balance of payment account, devaluing the dollar seems like a feasible option. Dollar devaluation will help to increase the demands of American goods in the international market and supports the current policy initiatives.

What is intervention?

Intervention is an act of taking action about something in order to have an effect on its outcome.

Intervention strategies mean a plan for staff action that outlines methods, techniques, cues, programs, or tasks that enable the child to successfully complete a specific goal.

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Instructions: Place the steps involved in developing a corporate code of ethics in order from first to last, with "1" being the first step and "6" being the last.
Rank the options below.
Communicate to Outsiders: The ethics program must be communicated to outsiders.
Employees: Employees must understand that expectations for ethical behavior begin at the top and all employees must act
accordingly.
Enforcement: The ethics code must be enforced with timely action when rules are broken.
Ethics Office: Management must set up an ethics office with which employees can communicate anonymously.
Management Support: Top management must adopt and unconditionally support an explicit code of corporate conduct.
Training: Managers and others must be trained to consider the ethical implications of all business decisions.

Answers

The steps in developing and implementing a Code of Ethics in a corporation is:

Management Support: Top management must adopt...Employees: Employees must understand that expectations...Training: Managers and others must be trained...Ethics Office: Management must set up an ethics office...Communicate to Outsiders: The ethics program...Enforcement: The ethics code must be enforced...

How do you implement a corporate code of ethics?

Firstly, the top management must adopt the code and support it. Employees also need to understand what the code expects of them.

To ensure adherence, managers should be trained in the code and an ethics office should be set up to monitor it.

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23
Select the correct text in the passage.
Which sentences in the passage describe a medium-term financial plan correctly?
Samuel is a manager in a multinational firm. After completing one and a half years, the company has shown considerable profits. The learning
curve shows high implicit costs incurred due to inexperience. His financial plan now includes the business setup costs. In his financial plan, he
presents the sales forecast annually for the next five years. He also prepares a profit and loss statement, where he includes the sources of
income and likely expenses over the next five years.

Answers

“He also prepares” all the way till the end

Which of the following is one way the Federal Reserve Bank serves the government?
a. making loans to the government
C. minting coins for the government
b. selling government securities
d. financing state government projects

Answers

Answer:

making loans to the government

Answer:selling government securities

Explanation:Correct on Grad Point

Which option is not available in the Presenter view of a presentation?

Next Slide Preview
Pen/Laser Pointer tools
Open Slide Show
Navigation Controls

Answers

Answer:

next slide preview

Explanation:

next slide preview

Matching Match each term in Column A with its definition in
Column B.
(Column A)
1. imports
2. comparative
advantage
3. specialization
4. foreign trade
5. exports
6. global economy (Column B)
a. an economic law urging specialization in those
items that can be produced most efficiently
b. goods and services sold to foreign buyers
c. the purchase and sale of goods and services
among nations.
d. a worldwide economic system
e. goods and services purchased from foreign sellers
f. the limiting of a nation's production to items in
which the nation has an advantage
Road?.

Answers

The true match form of column A with column B will be as follows,

1-E, 2-A, 3-F, 4-C, 5-B, 6-D.

What is the global economy?

The global economy can be defined as the sum of activities that take place both within a country and between different countries. Each country is a separate unit, with its own industrial production, labor market, financial market, resources and environment.

It means international trade in goods and services, the international flow of financial capital, investments by multinational corporations, migration of workers.

Thus, the correct match form will be 1-E, 2-A, 3-F, 4-C, 5-B, 6-D.

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2. The local bookstore is trying to compile information about transactions between customers
Which of the following is not a reason the store would rate a transaction as valuable.
O The transaction makes a seller prestigious among the competition.
O The transaction allows a seller to take pride in its produce.
O The transaction allows a customer to pay the cheapest price for the produce.
The transaction motivates or educates the public.

Answers

While compiling the information about the transactions entered between the bookstore and the customers, the transaction where the vendor takes pride in the product is not a valuable transaction.

Option B is the correct answer.

Who is a customer?

A customer is an individual who acquires a product from the market in order to satisfy his/her wants.

The transaction is an exchange of a product between two parties where one person is a seller who sells the product for generating revenues and the other is an acquirer who buys the product for the consumption needs. It makes the selling party be reputable in the competition and allows a customer to buy goods at optimum rates.

Therefore, the transaction initiated by the vendor for taking pride in the product is not the reason for rating it as a valuable transaction.

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Explain the factor that determine an individual personality​

Answers

Answer:

Heredity, physical environment, culture and particular experiences

business entities that operare in a dual market structure​

Answers

Business entities that operate in a dual market structure​ is termed as Duopoly.

What is Duopoly?

A duopoly is a market situation that entails two competing companies that share the market. A pure duopoly is a market where there are just two firms.

A duopoly exists when two companies dominate a market for a given product or service. A duopoly can have the same impact on the market as a monopoly if the two players collude on prices or output.

Hence,  dual market structure operated by Business entities is termed as Duopoly

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If two adjacent columns are selected and then sorted, the left-most column is

the primary sort.
the secondary sort.
the primary filter.
the secondary filter.

Answers

Answer:

The first sort

Explanation:

QBF sorts the field with the lowest number first. The first sort is called the primary sort. If you want the field displayed in descending order, follow the sort priority number by d (or D). For ascending order, you can enter a (or A) or no letter, because ascending order is the default.

What is the definition of
continuous compounding?

Answers

Answer: Continuous compounding is the mathematical limit that compound interest can reach if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. While this is not possible in practice, the concept of continuously compounded interest is important in finance.

Explanation:

Your company is planning to borrow $500,000 on a 10‐year, 10 percent, annual payment, fully amortized term loan. What is the annual payment?

Answers

your payment would be 10 percent of 500000s plus

This type of investment typically has a greater long-term rate of return than a savings account.
A. Checking Account
B. Credit Union
C. Credit Card
D. Stock

Answers

Answer:

checking account its the answer if its incorrect please let me know cuz its in ny book like that too so yeah

Answer: D. Stock

Explanation:

If the total assets to equity ratio of a company is increasing, it is possible that:
A.The company is increasing the use of debt and getting higher financial leverage
B.The company is decreasing the use of debt and getting lower financial leverage
C.The company is decreasing its efficiency in operations
D.The company is increasing its efficiency in operations

Answers

When the proportion of the total assets to equities ratio increases, it is an indication that the company is less dependent on the debts of creditors.

What is assets to equity ratio?

The assets to equity ratio represents the number of assets earned by an organization with the use of debt resources. If such ratio increases, the use of debts is lowered by the company.

An increase in the assets to equity ratio also indicates that the company is operating at very low risks of losing money, acquired through debt mode.

Hence, option B holds true regarding the assets to equity ratio.

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Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the
sale recorded in the Accounts Receivable subsidiary ledger?

A. It is recorded upon payment.
B. as a $300 credit
C. as a $300 debit
D. as a $300 payment

Answers

As widgets Inc. makes a $300 on Widhets, Inc. makes a $300 account sales to custom motors. The sale will be recorded in the Accounts Receivable subsidiary ledger as a $300 debit.

What do you mean by accounts receivable subsidiary ledger?

An accounts receivable subsidiary ledger refers to an accounting ledger showing transactions and payment history of customer to whom the business has provided some credit.

The accounts receivables subsidiary ledger provides detailed insight into the business. To record a credit sale, customer receivables account is debited and sales revenue account is credited.

Therefore, C is the correct option.

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From what part of income should someone take savings?

Answers

Answer:

At least 20% of your income should go towards savings.

Sharon wants to set aside funds to take an around the world cruise in 4 years. Sharon expects that she will need $26000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?

Answers

The present value to be kept aside by Sharon to have sufficient funds will be $18,419.

What is present value?

The current value of any sum of money, which is certain to be gained in the future over compounded interest on such investment, is known as present value. Using given information, it can be calculated as,

[tex]\rm Present\ Value= Future\ Value\ x\ \dfrac{1}{(1+r)^n}\\\\\rm Present\ Value= 26000\ x\ \dfrac{1}{(1+0.09)^4}\\\\\rm Present\ Value= \$18419[/tex]

Hence, the present value of the annuity of $26000 in 4 years has been calculated above.

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You are working for an organization that provides clean water technology to communities in Africa. They have never worked in Malawi, but want to and need to understand how consumers source water, how they prepare it (sterilize or clean it), and how they use it. You know that a study was done on water sources, water preparation, and water uses in Kenya. ● What type of research would the Kenya study be considered and how would you go about validating its findings for Malawi (a different country in Africa)? How would your answer change if your organization was considering a community in a remote area of Nicaragua?

Answers

The research type of the Kenya study would be qualitative, and to validate its findings in Malawi it would be necessary to apply new research in the region.

What is qualitative research?

It corresponds to an approach that considers subjective aspects of human behavior and society, related to cultural and historical individualities of a population.

Therefore, according to the analysis of the case, it would be essential that for each challenge in the search to understand the behaviors of a different country in relation to water, a new qualitative research was developed.

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In 2019, your father gave you a gift of property with a fair market value (FMV) of $75,000. His adjusted basis was $50,000. The gift tax paid was $7,440. What is your basis in the property?


A.
$75,000

B.
$57,440

C.
$53,100

D.
$50,000

Answers

Answer:

your basis is 57440

Explanation:

just take the basis of the father and plus the gift tax

PLEASE HELP WITH THIS
The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple.

Your first task is to identify the current US national debt. Next, identify at least three possible implications if the national debt is not reduced. Lastly, provide at least three examples in which the national debt can be reduced.

Answers

The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple. What could happen they didn't pay it off? The government not paying off there debt could increase interest rates, which could then increase prices and contribute to inflation. The stock market would also suffer if they don't pay it off. Ways they could reduce the national debt would be, raising taxes,  slashing government expenses, and cutting military expenditures.

(I didn't know if your first sentence was your intro or not, sorry! you may take it out if not. Hoped this helped!)

Inflation may result from rising interest rates brought on by the government's failure to pay down its debt. If they didn't pay it off, the stock market would also suffer. Raising taxes, decreasing government spending, and reducing military spending are all possible ways to lower the national debt.

What do you mean by Debt?

A debt is an amount of money that has been borrowed for a set period of time and must be repaid, plus interest. The borrower's creditworthiness affects both the debt's size and its acceptance. There are various debt categories, and they change depending on the borrower's needs.

The federal government's debt, which includes public debt, federal trust funds, and numerous government accounts, is referred to as the "national debt." The national debt, to put it simply, is the sum of the government's debts to both itself and to others. This represents the total deficit that the government has racked up over time.

Therefore, Rising interest rates brought on by the government's failure to pay off its debt could cause inflation.

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that is the difference between being a manager and being a leader?

Answers

Answer:

a manager is the boss of a job and a leader of a group

contact a research and determine if pepsi and coca cola are duopoly​

Answers

In the economy, the marketing structure applied to the Pepsi and Coca-Cola companies is the duopolistic market.​

What is meant by duopoly?

Duopoly refers to a scenario where the two companies control the major stake for a good or service in the market.

Pepsi Company and Coca-Cola Company have been dominating a vast sector in the beverage industry, especially in the supply of soft drinks in the market. They control about 75% of the market share together in the beverage companies and are treated as the two competing companies.

Therefore, the duopoly is the marketing structure of the companies like Pepsi and Coca-Cola.

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Easy question 20 points……..

Answers

Answer:

its b

Explanation:

When a persons actions make another person look bad

1. A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cashier. The department manager feels that this candidate is overqualified for the job and is likely to be bored and leave the job in a short time. Instead, they want to pursue a candidate with 6 months of work experience who seems like a better fit for the position.

Answers

The candidate with 6 months of experience shall be hired by the department for the position as an entry-level cashier.

Who is cashier?

A cashier is a professional who has expertise in managing the cash inflows and outflows of an organization and deal with the cash transactions of an organization on a daily basis.

A cashier who has 6 months of experience be more suitable for such role in the department, and will also take lesser pay than the one with 30 years of experience.

Hence, it may be concluded that the cashier with less experience will be a suitable one to be hired at the position as such.

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identify two components from the business environment and support them with one example of each​

Answers

Business environment is simply the environment in which the business operates.

It includes the industry situation, the customers, the suppliers, the demand and supply of products of business, competitive position, government regulations, and everything that affects the business, directly or indirectly.

Amanager formally represents the orgaanization unit in all matters is _role of amanager
A figurehead B leader c liaison D informational e none

Answers

Answer:

The correct answer is B.

Explanation:

An individual given a place of ostensible initiative however having no real power.

Human resources managers are a link between company managers and other workers.
A.
True
B.
False

Answers

Answer:

A number True is the answer

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