Under FICA only, cash tips of more than $100 in a month are defined as taxable wages.

a. True
b. False

Answers

Answer 1

Answer:

Option b: False

Explanation:

FICA is simply known as Federal Insurance Contributions Act. It is the act under which this tax is also deducted from the paycheck.The FICA tax rates and taxable wage bases are exactly the same for employees and employers.

Government uses FICA tax to provide

an income check to people at retirement age,health care, another service and others. It it a body that has its own rules, regulations and default in any of them may lead to penalty.


Related Questions

Bennett Co. has a potential new project that is expected to generate annual revenues of $255,800, with variable costs of $141,200, and fixed costs of $59,200. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $21,000. The annual depreciation is $23,800 and the tax rate is 40 percent. What is the annual operating cash flow?
a. $173,816
b. $124,120
c. $79,200
d. $42,760
e. $43,920

Answers

Answer:

b. $124,120

Explanation:

Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from 2,000 to 2,200. Using the midpoint method, the price elasticity of demand for Twinkies in the given price range is:
a. 2.00.
b. 1.55.
c. 1.00.
d. 0.64.

Answers

It’s b 1.55
And plus it increases too
Answer: the answer is D

JetBlue’s "Even More Space" initiative allowed passengers to buy seats with more legroom for a slightly higher price. The initiative increased JetBlue’s profit margin. Which customer development strategy does this exemplify?

Answers

Answer: Upselling

Explanation:

Upselling is a customer development strategy whereby the customers are encouraged to buy an upgraded or higher end version of a particular product. Upselling therefore results in the customers spending more than what they initially planned for and this bring about increase in revenue to the company.

Therefore, the customer development strategy exemplified by JetBlue is Upselling.

Each quarter, Cullumber, Inc., pays a dividend on its perpetual preferred stock. Today the stock is selling at $64.00. If the required rate of return for such stocks is 17.00 percent, what is the quarterly dividend paid by this Cullumber?

Answers

Answer:

Quarterly dividend = $2.72 per share

Explanation:

The dividend payment made by a preferred stock is in terms of a perpetuity as the preferred stock pays a constant dividend throughout its perpetual life. So, we can calculate the annual dividend payment made by the preferred stock using the formula for the present value of perpetuity. The formula is as follows,

Present value = Dividend or Cashflow / r

Where,

r is the required rate of return

As we already have the values of Current stock price which is the present value and r, we can plug in these values in the formula to calculate the annual dividend.

64 = Dividend / 0.17

64 * 0.17 = Dividend

Dividend = $10.88

As, 10.88 is the annual dividend, the quarterly dividend will be,

Quarterly dividend = 10.88 / 4 = $2.72 per share

Placing officers of a ________ firm on the board of directors of a new firm can reduce the problem of ________.

Answers

Answer:

The answer is "security exchange and adverse selection"

Explanation:

In this question, the above given-choice is correct because the issue of information asymmetry can be decreased by including security personnel among the directors of a new firm. And throughout the Security And exchange Agent would distinguish and direct the Boards on topics of elimination of information asymmetry, based mostly on the risk associated with the market.

You're trying to save to buy a new $196,000 Ferrari. You have $46,000 today that can be invested at your bank. The bank pays 5.4 percent annual interest on its accounts.
How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

It will take 27.56 years to gain $196,000.

Explanation:

Giving the following information:

Future value (FV)= $196,000

Present value (PV)= $46,000

Interest rate= 5.4% = 0.054

To calculate the time required to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(196,000/46,000) / ln(1.054)

n= 27.56

It will take 27.56 years to gain $196,000.

The ____ is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.

a. standing plan
b. forecast
c. single-use plan
d. options-based plan
e. budget

Answers

Answer:

a. standing plan

Explanation:

operational plan make a room for strategy plan it give clear picture of the goals to be accomplished as well as the objectives and the task behind it to the personnel in an organization. It is an implementation of strategies.It should be noted that standing plan is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.

a good economist is one who looks at economic issues only with hindsight or not. please explain with examples ​

Answers

Answer:

The specification and according to the issue are listed throughout the clarification section described.

Explanation:

Economics would be a social science which always investigates whether consumers participate, in terms of direction, regarding interest, distribution as well as general price level. This same production and consumption approach demonstrates how prices differ to maintain the balance among both commodity production and trade. The economic theory focuses on the behavior as well as the engagement of financial intermediaries as well as how ecosystems function.

For obvious reasons, private individuals should include families, companies, producers, and consumers.

The net cash flows of Advantage Leasing for the next 3 years are $42,000, $49,000 and $64,000 respectively, after which the growth rate will be a constant 2% with a WACC of 8%. What is the present value of the terminal value?Select one:a. 51,822b. 55,967c. 59,259d. 60,444e. None of these

Answers

Answer:

$863,689.50

Explanation:

The computation of the present value of the terminal value is shown below:

The terminal value at the end of the third year is

=  Third year Cash flows × (1 + growth rate) ÷ (required rate of return - growth rate)

= $64,000 × (1 + 2%) ÷ (8% - 2%)

= $1,088,000

Now its present value is

= terminal value at the end of the third year ÷ (1 + rate of interest)^number of years

= $1,088,000 ÷ (1 + 8%)^3

= $863,689.50

This is the answer but the same is not provided in the given options

Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials quantity variance?

a. $400 unfavorable.
b. $450 unfavorable.
c. $2,500 unfavorable.
d. $2,550 unfavorable.
e. $2,950 unfavorable.

Answers

Answer:

e. $2,950 unfavorable

Explanation:

Since the units are the same, then we will work with the costs and pounds.

Standard

4,000 pounds × $5 per pounds

(4,000 × $5) = $20,000

Actual

4,500 pounds x costs per pound $5.10

(4,500 × $5.10) = $22,950

Therefore,

Standard - Actual

$20,000 - $22,950 = $2,950

Therefore, the direct materials quantity variance is $2,950 unfavorable since actual cost of materials expended is more that the standard cost of materials.

Drag the tiles to the boxes to form correct pairs.
Match the scenarios to the appropriate elements.
input
labor
infrastructure
cost
Jonny has to pay rent and wages to his
employees before he begins production.
>
Jonny has to hire workers to begin
production in his company.
<
>
Jonny has ordered raw material for his
production
>
Jonny has set up machinery in his
company for efficient production.

Answers

Answer: cost, labor, input, infrastructure

             

Explanation:this did the test on edmentum

cost

Jonny has to pay rent and wages to his

employees before he begins production

labor

Jonny has to hire workers to begin

production in his company.

input

Jonny has ordered raw material for his

production

infrastructure

Jonny has set up machinery in his

company for efficient production.

Took the test this is right.

Collecting data over a period of time and then processing that data all at the same time is called _____ processing.

Answers

Answer:

it's called Data processing

free xp for the first people to awnser

Answers

Answer:

ok

Explanation:i want some thanks

Answer:

real n1qa

Explanation:

real n1qa

Dylan has a standard set of questions he asks all applicants during an interview. What type of interview does dylan conduct

Answers

Answer:

it is well planed

Explanation:

if not planed  ,not much people will join that job

Dylan has a standard set of questions that he asks from all applicants during an interview. The type of interview that Dylan conduct is structured interview.

What is an interview?

An interview is a conversation between two or more people, typically conducted to gather information, assess qualifications, or evaluate suitability for a particular role or position.

In the context of employment, an interview is typically conducted by a potential employer to evaluate a job applicant's skills, experience, and overall fit for the job.

Interviews can take many different forms, from traditional in-person interviews to phone and video interviews. They can be structured or unstructured, formal or informal, and may involve a single interviewer or a panel of interviewers.

Dylan conduct  structured interview because he  has a standard set of questions that he asks from all applicants.

Learn more about an interview here:

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Question 1 of 10
Malika defaulted on the equipment loan for her hair salon. What type of
remedy would the bank would most likely seek?

Answers

Answer: An attachment

Explanation: ap3x:)

Answer: attachment

Explanation:

A pex just took quiz

Suppose that the economy starts out in a recessionary gap. If the government uses demand-side fiscal policy to push the economy out of the recessionary gap, the results will most likely be a(n) _____ in Real GDP and a(n) _______ in the price level.
a. increase; increase
b. decrease; increase
c. increase; decrease
d. decrease; decrease

Answers

Answer:

a. increase; increase

Explanation:

Suppose that the economy starts out in a recessionary gap. If the government uses demand-side fiscal policy to push the economy out of the recessionary gap, the results will most likely be an increase in Real GDP and an increase in the price level. A demand side policy (i.e. increasing the government purchases and decreasing the taxes) will increase the demand and output in the economy. That will in turn shift the aggregate demand to the right and the new equilibrium will be at a higher price and higher output.

The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution to the GDP in most countries (b). services provide jobs (c). trade in services can provide traditional and new export opportunities (d. )services produce many types of goods​

Answers

Answer:

Answer letter C.

Trade in service can provide traditional and new export opportunities

The service sector is important for all of the following reasons except services produce many types of goods​. Thus, option 'D' is the correct option.

Why service sector is important?

The third layer of the three-sector economy is the service sector, commonly referred to as the tertiary sector. This industry produces maintenance and repairs, training, or consultancy instead of products. Jobs in the service industry include education, nursing, housekeeping, and tours.

Contrarily, those who work in the manufacturing or industrial sectors create physical products like clothing, equipment, and automobiles. After manufacturing and the production of raw materials, the service sector makes up the third sector of the economy.

From office cleaning to rock concerts to brain surgery, the service industry offers a vast range of both real and intangible services. In terms of value-added, the service sector is the largest in the world economy and is particularly significant in more developed nations.

Therefore, option 'D" (services produce many types of goods​) is the correct statement.

Learn more about the service sector, here:

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United Merchants Company sells 4,000 units at $60 per unit. Variable costs are $45 per unit and fixed costs are $40,000.

Required:
a. What is the contribution margin ratio?
b. What is the unit contribution margin?
c. What is the income from operation?

Answers

Answer:

a. Contribution margin ratio = 25%

b. Unit contribution margin = $15 per unit

c. Income from operation = $20,000

Explanation:

a. What is the contribution margin ratio?

This can be calculated uisng the following formula:

Contribution margin ratio = (TSR - TVC) / TSR ................ (1)

Where;

TSR = Total sales revenue = Selling price per unit * Unit sold = $60 * 4,000 = $240,000

TVC = Total variable cost = Variable cost per unit * Unit sold = $45 * 4,000 = $180,000

Substituting the values into equation (1), we have:

Contribution margin ratio = ($240,000 - $180,000) / $240,000 = $60,000 / $240,000 = 0.25, 0r 25%

b. What is the unit contribution margin?

This can be calculated as follows:

Unit contribution margin = Selling price per unit - Variable cost per unit = $60 - $45 = $15 per unit

c. What is the income from operation?

This can be calculated as follows:

Income from operation = Total sales revenue - Total variable cost - Fixed costs .................. (2)

Where;

Total sales revenue = Selling price per unit * Unit sold = $60 * 4,000 = $240,000

Total variable cost = Variable cost per unit * Unit sold = $45 * 4,000 = $180,000

Fixed costs = $40,000

Substituting the values into equation (2), we have:

Income from operation = $240,000 - $180,000 - $40,000 = $20,000

The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $30,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's tax rate is 26%, what is the cash flow from the project in year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
A. $21,100
B. $22,560
C. $20,550
D. $21,880

Answers

Answer:

A. $21,100

Explanation:

net cash flow year 1 = {[savings year 1 - (depreciation expense year 1)] x (1 - tax rate)]} + depreciation expense year 1

cash flow year 1 = {[$25,000 - ($30,000 x 33.33)] x (1 - 26%)} + ($30,000 x 33.33) = [($25,000 - $10,000) x 0.74] + $10,000 = $11,100 + $10,000 = $21,100

The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
2016 2017 2018
Net Income: $1,200 -$500 $2,300
Net Cash Flows: $500 $300 $2,800
Dividends: $200 $0 $200
Issuance of Stock: $2,000 $0 $0
A) $4,600
B) $2,600
C) $3,100
D) $3,500

Answers

Answer:

B) $2,600

Explanation:

Retained earnings in each is computed as net income minus dividends

In year 2016 retained earnings=$1200-$200=$1000

In year 2017 retained earnings=2016 retained earnings+net income-dividends

2017 retained earnings=$1000-$500+$0=$500

2018 retained earnings=2017 retained earnings+net income-dividends

2018 retained earnings=$500+$2,300-$200

2018 retained earnings=$2,600

An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target. A. True B. False

Answers

Answer:

True

Explanation:

A population in statistics is defined as the total items that is of interest to the scientist and from which studies are conducted to draw conclusions.

It is from population samples are drawn.

Sample is defined as a part of a population that is studied and used to draw inference or conclusion about the whole population.

In the given scenario all people who shop at Target are the population that is of interest.

To draw conclusion about the population only those people who buy orange juice at Target. A are used as a sample to draw conclusions

Stock market indices:_______ a. measure the value of the average bond yield. b. determine the price of stocks in the index by deciding whether companies in the index are doing well or not. c. measure income in an economy and price levels. They are often used as an indication of economic growth. d. are average stock prices for a group of companies meant to measure a section of the stock market.

Answers

Answer:

d. are average stock prices for a group of companies meant to measure a section of the stock market.

Explanation:

Stock indices are used to measure the performance of a basket of securities and helps investors in a particular segment of the financial market make well informed decisions.

The value of the index is an average of the stock of underlying companies that make up the index.

For example the Dow Jones is a stock index made up of 30 large companies.

Investors compute performance by comparing current price level to previous prices.

Jack and Jill are married, have three children, and they report earnings during 2019 of $28,500. Do they qualify for the earned income credit?

Answers

Answer: I’m not sure but I would go with no sorry if I’m wrong

Explanation:

The parameters of nonlinear models have exponents _____.
a. larger than 0
b. other than 1
c. larger than 3
d. only equal to 2

Answers

Answer:

b. other than 1

Explanation:

Nonlinear models are called that way because they are not linear in parameters. In order for this nonlinear characteristic to exist, the exponents of the parameters must be any number other than 1.

While linear models can have a nonlinear relationship between the predictors and independent variables. But when you analyze the mean (predictor), it must be linear with the parameters.

The nonlinear models have an exponent other than 1. As the nonlinear exponent estimating a regression model, convert the forecast variable y and/or the predictor variable x.

What is the nonlinear model?

Non-linearity is a term used in statistics to describe a situation where there is no direct relationship between the two variables that are independent and independent. The input is not directly affected by the change in the relationship in the output in the direct proposition.

Thus, option B is correct.

For further details about the non-linear model refer to this link:

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As the number of securities in a portfolio is increased, what happens to the average portfolio standard deviation? a) It decreases at an increasing rate. b)It increases at an increasing rate. c) It first decreases rapidly, then starts to decrease slowly as more securities are added. d) It decreases at a constent rate e) It increases at a decreasing rate.

Answers

Answer:

c) It first decreases rapidly, then starts to decrease slowly as more securities are added.

Explanation:

In the case when the number of securities in a portfolio is rises so the standard deviation of the average portfolio would first reduced instantly and after then it begins reduced in slowly manner according to the number of securities added

Therefore the correct option is c.

Hence, all the other options are wrong

How does Alibaba implement competitive pricing strategy in market?

Answers

Answer:

By reducing their prices compare to the price of their competitors.

Explanation:

Note, a competitive pricing strategy refers to a pricing strategy that involves deliberately finding out the prices in which your competitor sells their product and then tailoring yours to be a little lower than theirs, by so doing customers feel motivated to buy from you instead.

For example, Alibaba can go to its competitor, let's say Amazon. and see how sells an iPhone. Then Alibaba can reduce/set its own price benchmark based on their prices.

If a union succeeds in rasing the wages of its members above the equilibrium, what is a likley outcome?a. unemployment.b. deflation.c. increased number of discouraged workers.d. an inward shift of the labor supply curve.

Answers

Answer: a. unemployment.

Explanation:

If a union manages to raise the wages of its members but this wage is above the equilibrium, it will lead to the producers making less than they are supposed to due to higher input costs.

They will therefore seek to reduce their input costs and they will do so by hiring less people and letting go of some of the workforce. This will reduce their input costs and bring them back to equilibrium but will lead to unemployment in the nation.

In a SWOT analysis, what are opportunities

Answers

Answer:

Opportunities represent the external factors that can give a competitive advantage to the organization.

Explanation:

SWOT analysis is a useful technique for understanding the strengths and weaknesses of your business, as well as for identifying opportunities that are open to you and threats that could jeopardize your business.

Answer:

Opportunities are positive external factors that can affect your company. They are external conditions that make it possible for your business to succeed or improve.

Explanation:

...2021

yes loloolololololoolloolololololololoolololololol

Answers

Answer:

yup the true maeningnof lol Is laugh aloud or lots of love depending on how it's used

A high-precision programmable router for shaping furniture components is purchased by Henredon for $180,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. What is the MACRS-GDS property class?

Answers

Answer:

MACRS-GDS is a way to calculate depreciation.  

Explanation:

Depreciation may be defined as the reduction or the decrease in the price or its value of an asset in passing years. There are several methods of finding out the depreciation value like the straight line method, double declining, etc, MACRS-GDS, etc.

MACRS-GDS is one of the method to calculate the value of depreciation.

According to the question,        

The depreciation of a shaping furniture that cost $ 180,000 that can last ofr 12 years can be found out :

0 0 180000

For the end  of 1st year,  46440 133560

For the end  of 2nd year, 34458 99102

For the end  of 3rd year, 25568 73533

For the end  of 4th year, 18972 54562

For the end  of 5th year, 14077 40485

For the end  of 6th year, 10445 30040

For the end  of 7th year, 7750 22289

For the end  of 8th year, 5751 16539

For the end  of 9th year, 4267 12272

For the end  of 10th year, 3166 9106

For the end  of 11th year, 2349 6756

For the end  of 12th year, 1743 5013

The MACRS-GDS property class should be 7 years as the ADS is greater than ten years but it is less sixteen years.

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