For each employee, you are required to pay 1.45% federal Medicare tax and 6.2% federal Social Security tax. If an
employee makes $25,000 per year, how much must you pay in these two taxes?
Answers
Answer:
A) $1,912.50
Explanation:
Both the federal Medicare tax and federal social security taxes are calculated based gross pay.
The medicare tax will be
=1.45% of $25,000
= 1.45/100 x $25,000
=0.0145 x $25,000
=$362.5
Social security tax will be
=6.2/100 x $25,000
=0.062 x $25,000
=$1,550.00
Total taxes = $1550.00 + $362.50
=$1,912.50
Related Questions
which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death
Answers
Answer:
30-year decreasing term
Explanation:
Life insurance can be regarded as a form of insurance contract that exist between insurance policy holder as well as an insurer, in this case the insurer pledge some payment of amount of money so that he/she can get premium whenever the insured person dies. It should be noted that a 30-year decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death
What does the phrase high risk = High reward mean when it comes to investing?
Answers
Answer: The phrase “higher risk, higher reward” is used in the general sense to set ratios between riskier stocks and more stable bonds and cash holdings. Investors adjust their risk according to their station in life.
Explanation:
if your salary is $42,000 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? assume you have no deductions.
Answers
Answer:
Your taxes are estimated at -$5,925.
Step-By-Step Explanation:
This is 0% of your total income of $42,000. 0% would also be your average tax rate. Your income puts you in the 12% tax bracket. At higher incomes many deductions and many credits are phased out. This increases your tax bill and your marginal tax rate. With these phase outs, adding $1,000 to your income would result in a -15% marginal tax rate.
*ECONOMICS* please help
thank you to whoever answers
Answers
Answer:
I think B
Explanation:
I don't know much about economics, but don't you need to have decent credit to take a loan (borrow) from the bank?
what describes initial public offering?
Answers
Answer:
refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors.
Explanation:
Health benefits are an example of ____ income.
Labor
rental
interest
non of the above
Answers
A specific parcel of real estate has a market value of $160,000 and is assessed for tax purposes at 75% of market value. The tax rate for the county in which the property is located is 4%. The tax bill will be
Answers
Answer:
$4,800
Explanation:
property taxes are calculated using the assessed value, in this case the county will use $160,000 x 75% = $120,000
if the tax rate is 4% of assessed value, then the total property tax bill = $120,000 x 4% = $4,800
Generally, property taxes are collected by counties or municipal governments and they are used to fund school districts, libraries, fire departments, parks, etc.
Publicity is part of a company's
ООО
product mix.
promotion mix.
sales promotion.
advertising mix.
Answers
Answer:
Promotion mix.
Explanation:
A promotional mix is a blend of different marketing approaches that a business uses to reach out to many and diverse customers. Using the right variety of marketing activities ensures the achieve its targets of creating awareness and maximizing sales.
Marketers select a promotional mix that assists a business stand out from its competitors and drive sales. The components of a promotions mix consist of advertising, direct selling, sales, promotion, Public relations, and many others.
Saffron Industries most recent balance sheet reports total assets of $42,000,000, total liabilities of $16,000,000 and stockholders' equity of $26,000,000. Management is considering using $3,000,000 of excess cash to prepay $3,000,000 of outstanding bonds. What effect, if any, would prepaying the bonds have on the company's debt-to-equity ratio
Answers
Answer:
A) Prepaying the debt would cause the firm's debt-to-equity ratio to improve from .62 to .50.
Explanation:
The computation of the impact is as follows:
The Debt equity ratio is
= Total liabilities ÷ total equity
Now
Debt equity prior to payment is
= $16,000,000 ÷ $26,000,000
= 0.62
And,
Debt equity after payment is
= $13,000,000 ÷ $26,000,000
= 0.50
So here as we can see that the debt equity would be improved from 0.62 to 0.50
Therefore the correct option is a.
Which group of words bet describes wants?
Answers
Answer:
unlimited, changing, and competing
Explanation:
A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. franchise b. sole proprietorship c. partnership d. corporation
Answers
Answer:
D. Corporation
Explanation:
I majored in Business.
Answer:
The answer is D. corporation
Explanation:
I am taking the test but A corporation is a business chartered by a state that legally operates as a separate entity from the owner.
What can Lena do to avoid the risk of having short supplies in times of need?
Lena works in an artificial jewelry-manufacturing unit. It is a family run business and they have been depending on a single supplier for years. As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a (blank) supplier for every one main supplier.
Answers
Answer:
backup
Explanation:
The correct answer is "Backup"
In the ________, the perfectly competitive firm will react to losses by __________________________ .
Answers
Answer:
Lon run, Increasing it's Production
Explanation:
I majored in Business
what are the function of Ware house?
Answers
Answer:
see below
Explanation:
Warehouses provide safe storage of goods in large quantities before they can be moved to other locations. Goods are stores in an orderly and systematic manner. Warehouses protect goods against adverse weather and reduce losses due to spoilage.
The major functions of a warehouse are
Storage of goodsSafe storage of goods is the primary function of a warehouse. Manufacturers use warehouse facilities to store finished goods before they can be distributed for consumption. Warehouses are also used by traders to keep goods as they wait for customers to buy.
Protecting goodsGoods in the warehouse are protected from harsh weather conditions such as heat, dust, moisture, and strong winds. Losses and damages to goods are minimal in a warehouse.
Grading and brandingSome warehouses perform value-added services such as branding and grading of products. They are done as per the manufacturers' specifications
ProcessingWarehouse perform processes like breaking bulk where goods are brought in large quantities and are repackaged and sold in smaller quantities.
An example of a special endorsement is...
A. "For Deposit Only" followed by your signature
B. "Pay to the Order of John Smith" followed by your signature
C. "Transfer to Savings" followed by your signature
D. Signing your name as written on the "Payee" line
Answers
Answer:
B. "Pay to the Order of John Smith" followed by your signature
Explanation:
In a special endorsement, the payee authorizes payment to be made to another party. The payee is the person whose name appears on the front of the check is drawn to their favor. A special endorsement is when the payee instructs the check to be paid to someone else.
In the special endorsement, the payee writes at the back of the check," pay to the order of'': and writes the name of the person to receive the money and signs.
You have a client whose business uses accrual-basis invoicing and accounts receivable workflow. They use the Banking screen to enter a deposit for a payment check, which they post manually to an income account. What problems will this cause?
Answers
Answer:
The amount of trade receivables is completely inaccurate. Another such explanation is provided below.
Explanation:
Transactions were mostly automatically transferred to purchase orders unless the alternative of automatically determine disbursements would be allowed to select throughout the classification of transaction. Whenever a financial institution screen was being used to transcribe the client's compensation, the deferred revenue balancing act would then demonstrate an inaccurate equilibrium but mostly generate a duplicate earnings entry throughout the accrual basis.Question 10 of 15 A tax-sheltered annuity is a special tax-favored retirement plan available to ACertain age groups only. BCertain groups depending on factors such as race, gender, and age. CCertain groups of employees only. DAnyone.
Answers
Answer:
C Certain groups of employees only
Explanation:
The tax sheltered annuity is a special tax regarding the retirement plan that available to a specific employees group only that engaged in non-profit, education, other 501c3 organization etc
So according to the given situation, the option C is correct as it fits to the situation
Therefore the other options are wrong
In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, investigating, and prosecuting real estate fraud crimes. This fund is the:
Answers
Answer:
The appropriate response is "Real Estate Fraud Prosecution Trust Fund."
Explanation:
This may have been managed to generate to allocate solely devoted funds just for something like the prosecutors of immovable identity theft throughout San Francisco. The investments shall be allocated either by County Chief Executive Assistant, as ascertained either by Fund economy, to defense attorneys as well as police departments for the goal of examining, adjudicating immovable fraud offenses.What are some of the benefits using a financial institution like a bank or a credit union
Answers
Answer:
They keep money safe and stable. However, Investing in the stock market is also another option, with the opportunity to make large gains with you money, with more risk of course.
Explanation:
"capital" investment is the major basic component of a business operation. "justify"this statement with examples
Answers
Answer:
See below
Explanation:
Capital investment is the sourcing of funds for business expansion and growth. It involves acquiring money to finance long term projects or assets that will add value to a business for many years.
Through capital investments, a business acquires assets used in producing goods or the provision of services. It enables a company to upgrade, expand, or diversify to meet customer demands or react to market changes.
Capital investment has been useful to businesses in many ways. For example
1. When labor or the costs of doing business becomes costly in one country, a company may need to relocate to a country with more favorable conditions. It requires heavy financing to relocate. Capital investments make such moves possible.
2. With the advent of technological advancement, companies need to invest in new technology to remain competitive. Capital investments help a business acquire modern technology and remain in operations.
What function of management uses the ability to look at how a plan has been implemented and
reflects upon how things could be improved?
Implementing
Controlling
Strategic
Mixed
Answers
Answer:
Controlling
Explanation:
Controlling is among the major functions of management. As a management function, controlling means taking measures to ensure subordinates are working according to plan. It is verifying that all activities are in line with the given instructions and guidelines. Controlling ensures the business is on the right path to achieving its objectives.
Management has to control how the organization’s resources are used. They have to ensure effective & efficient use of resources to achieve predetermined goals.
explain neck/ back pain and ways to help.
Answers
Answer:
Apply ice for the first few days.
Take OTC pain relievers, like ibuprofen
Take a few days off from sports, activities that aggravate your symptoms, and heavy lifting.
Use good posture.
Explanation:
All funds entrusted to a licensee on behalf of another party in the practice of real estate are by definition ______.
Answers
Answer:
Trust funds.
Explanation:
An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.
All funds entrusted to a licensee on behalf of another party in the practice of real estate are by definition known as trust funds.
This ultimately implies that, the legal entity or real estate agent (trustee or licensee) would, d be held responsible for the losses, legal claims and damages incurred by the owner of the property (beneficiary), whether or not the agent's actions were authorized or unauthorized by the principal.
Hence, a trustee is liable for acts or contracts entered into by an agent when he or she gives an agent either actual authority (power of attorney) or apparent authority.
The purpose of this category of interview questions is to learn about the interviewee’s personal attributes.
a.
General information questions
b.
Behavioral questions
c.
Character questions
d.
Stress questions
Answers
The correct statement will be that the purpose of the behavioral questions is that it helps to learn about the interviewee's personal attributes. So, the correct option is B.
Behavioral questions are an essential part of the interview as it tells about the interviewee's knowledge other than his educational and qualification skills applicable in the real world.
Behavioral questions are a set of questions asked by an interviewer to the interviewee in the rounds of interviews that follow. Such questions tell so much about the interviewee as it denotes their personal attributes.Such questions help to determine the intelligence, presence of mind, practical behavior in a situation and an ideal set of practices followed by such person applicable to the work environment.Behavioral questions also tell so much about how the person readily accepts a mistake committed and the steps they took in such a situation to rectify the mistakes.Hence, the correct statement is B that the Behavioral questions' purpose in an interview is to tell about the interviewee's personal attributes already faced by such person.
To know more about behavioral questions, click the link below.
https://brainly.com/question/10125043
Answer:
B
Explanation:
Behavioral questions
If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on those keywords
Answers
Answer: 24 hours
Explanation:
When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.
List three security measures businesses can use to help safeguard information stored in the computer systems
Answers
Answer:
First of all, a company should establish policies that require strong passwords. it is also necessary to establish policies requiring periodic updates. Another strong security measure is to set up a firewall that helps to control data traffic, both incoming and outgoing. Antiviruses are necessary. Private users need them as well as businesses.Which person has the highest taxable income?
Person A: Earns $50,000 per year with $5,000 in deductions
Person B: Earns $60,000 per year with $10,000 in deductions
Person C: Earns $90,000 per year with $30,000 in deductions
Person D: Earns $100,000 per year with $60,000 in deductions
A. Person B
B. Person D
C. Person A
D. Person C
Answers
Answer:
D. Person C
Explanation:
Taxable income is the difference between the gross pay and all authorized deduction.
For person A : taxable income = $50,000 - $5000 = $45,000
For Person B: taxable income =$60,000 - $10,000 = $50,000
For Person C: taxable income= $90,000 - $30,000 = $60,000
For Person D: taxable income=$ 100,000 - $60,00= $40,000
Person C has the highest taxable income with $60,000
Answer: person c
Explanation:
a pe x
Chyou has heard that gas appliances are cheaper to use and can lower utility costs. She is interested in purchasing a new gas dryer to replace her electric dryer. Assuming that the dryer drys one load per day, use the following chart to determine how much Chyou will save each year in utility costs by purchasing the gas appliance.
Answers
Answer:
Its b 105.85
Explanation:
It just is break it down
Answer:
B.
Explanation:
__________ utility is the benefit marketing provides by allowing the consumer to own, use, and enjoy the product.
Answers
Answer:
Possession
Explanation:
POSESSION UTILITY can be defined as the type of Utility in which a person derived a value for owning a product reason been that POSSESSION UTILITY give such person who purchased a product the right to own the product by enabling such person to possess the ownership of the product and to use the product . Example a person who purchased a car bought it for the purpose of driving it around which means that such person has the POSSESSION UTILITY to own the car , drive the car and enjoy the car thereby deriving a value for owning the car .
Aja receives the following email:
Dear Valued Credit Card Customer,
We have noticed suspicious activity in your account and have placed a security freeze on it. In order to activate it you will need to follow the link below. Please have your card handy and be prepared to verify personal information.
What action should Aja take?
Answers
Answer:
She should not follow the link
Explanation:
Because this is probably not really the credit card company, and they are trying to get personal information out of her.