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docker41 [41]
2 years ago
8

Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each

week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___.
Business
2 answers:
Alex2 years ago
8 0

Complete question:

Petra owns a coffee shop. She has ten employees.In 2007, she paid her employees minimum wage ($5.85 an hour).In 2008, the minimum wage increased to $6.55 an hour.In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

Answer: $2340 ; $14,560

Explanation:

Given the following :

2007 minimum wage = $5.85/ hour

2008 minimum wage = $6.55/ hour

2009 minimum wage = $7.25/ hour

Number of Employees = 10

Number of hours = 40 hours per week for 52 weeks

Amount spent on wages per week in 2007:

Minimum wage × number of employees × number of hours per week

= $5.85 × 10 × 40 = $2340

B.)

wage increase between 2008 - 2009:

$7.25/hour - 6.55/hour = $0.7/hour

Therefore, increase in annual budget equals:

Wage increase × number of employees × number of hours per week × number of weeks

= $0.7 × 10 × 40 × 52 = $14,560

natka813 [3]2 years ago
7 0

Answer:

$2340 ; $14,560

on E2020 HAVE A GREAT DAY!!! :)

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2 years ago
Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,
nikdorinn [45]

Answer:

A) $76500

B) $72500

C) $24750

D) tax refund of $260

Explanation:

A) calculate Marc and Michelle's gross income

Marc salary = $64000

Michelle's salary = $12000

interest from corporate bond = $ 500

Hence gross income = 64000 + 12000 + 500 = $76500

B) Calculate Marc and Michelle's Adjusted gross income

Gross income = $76500

qualifying moving expenditure = $2500

Alimony paid to previous spouse = $1500

adjusted gross income = 76500 - 2500 - 1500 = $72500

C) Calculate the total amount of Marc and Michelle's deductions from AGI

Standard deduction = $12600

itemized deduction = $6000

personal and dependency allowance = $12150

<em>To calculate the Deductions from AGI we have to add the personal and dependency allowance to the standard deduction ( higher value between standard deduction and itemized deduction )</em>

= 12600 + 12150 = $24750

D ) calculate Marc and Michelle's taxable income

Adjusted gross income = $72500

deduction from itemized deduction = $24750

taxable income = 72500 - 24750 = $47750

E) Determine if Marc and Michelle's taxes payable or refund due for the year

Tax rate schedules :

between $18451 to $79000 : tax rate = $1845 + 15% of income over $18450

Taxable income = $47750

Tax liability = 1845 + (47750 - 18450) * 15% = $6240

child tax credit = $1000

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Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same
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Answer:

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Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).

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