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Korvikt [17]
2 years ago
3

Suppose a college football coach makes a base salary of $2,400,000 a year ($200,000 per month). Employers are required to withho

ld a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $128,400, how much will be withheld during the year for the coach's Social Security and Medicare taxes? (Round your answers to the nearest dollar amount.)
Business
1 answer:
Shtirlitz [24]2 years ago
6 0

Answer:

The Social Security will be withheld only in January.

Please find the detailed answer as follows:

Explanation:

According to the actual regulation, as the coach monthly salary is $200000 exceeds the social security amount of $128400 the Social security can be withheld only till January.

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Arrange the types of investments in the correct order from the least risky to the most risky investment. (speculative stocks, re
jolli1 [7]

I believe the answer is:


1/Retirement plans

Especially the one that arranged by the government since it guaranteed by Federal banks

2/Property

The value would almost always increasing over time


3/A-rated bonds

A- rated bonds is score that given to the bond that have strong chance of return by credit rating company

4/Speculative stocks

If speculative stocks is scored by rating company, it would become B-rated or lower.

8 0
2 years ago
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Identify whether the following paragraph uses a direct, indirect, or semi-indirect organizational pattern.
Anna007 [38]

Answer:

Correct answer is B that is <u>Indirect Organizational Pattern</u>

6 0
2 years ago
Read 2 more answers
The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi
Strike441 [17]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid =  Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

7 0
2 years ago
In three to four sentences, mention two factors that are not included in real GDP per capita but are included in another standar
anzhelika [568]
<span>GDP per capita is not a good measure of the standard of living because there is no attention paid to the price level in GDP per capita. For example, your GDP could be really high such as in places like Japan(largest economy in the world at the moment) so their GDP per capita is high. However, their cost of living is also very high(due to lack of land area) leading to a low standard of living.</span>
3 0
2 years ago
a courier picks up 1000 small unmarked bills, some $20 bills and some $50 bills. The total value is $41,000. How many of each bi
Vladimir [108]

Answer:

Explanation:

The amount of bills are 1000

Let the number of $20 bills be x

Let the number of $50 bills be y

Using a ratio method, we assume that the ration of the bills are 20:50

Adding both ratios, we have 20 + 50 = 70.

To find x, we have

(20 ÷ 70) × 1000

0.286 x 1000

286 bills

To find y, we have

(50 ÷ 70) × 1000

0.714 x 1000

714 bills

Having calculated the number of bills for $20 and $50, we calculate the value of each bills.

we have, 286 x $20 = $5,720

              714 x $50 = $35,700

Adding these above amounts, we have

$5,720 + $35,700 = $41, 420 which is approximately $41,000.

Cheers.

5 0
2 years ago
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