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IgorLugansk [536]
2 years ago
13

Aaron norman earned $24,900 for the year from marcus company. the company is subject to a suta tax of 4.7% on the first $9,900 o

f earnings. determine: (round your answers to two decimal places, if necessary.)
a. the employer's futa tax on norman's earnings $ .

b. the employer's suta tax on norman's earnings $ .
Business
1 answer:
Svetach [21]2 years ago
4 0

Answer:

To calculate the Federal Unemployment Tax Act (FUTA) taxes that the employer must pay we have to multiply Aaron's salary times FUTA tax rate:

$24,900 x 0.6% = $149.40

To calculate the State Unemployment Tax Act (SUTA) taxes that the employer must pay we have to multiply Aaron's salary times SUTA tax rate:

$9,900 x 4.7% = $465.30

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Identify the following as cash inflows or outflows to a privately-owned water company: well drilling, maintenance, water sales,
andrey2020 [161]

Answer:

Cash Inflow would be cash coming into the company and Cash Outflow would be going out.

<h2>Cash Inflow</h2>
  • Water Sales
  • Government Grants - money given to the company by the Government to help in its operation
  • Issuance of bonds - Cash inflow from debt issuance
  • Used Equipment sales - cash from sale of used equipment
  • Stormwater fees - paid by customers to take stormwater from property
  • Discharge Permit revenue

<h2>Cash Outflow</h2>
  • Well drilling - drilling well requires cash expenditure
  • Maintenance - cash expense
  • Accounting - Administrative expenditure
  • Energy Cost
  • Pension Plan Contributions - contributing to its employees' pension plans is an expense
  • Heavy Equipment Purchases - Capital expenditure
4 0
2 years ago
The maintenance expenses on a rental house you own average $200 a month. The house cost $219,000 when you purchased it four year
Serhud [2]

Answer:

value we place on this house when analyzing the option of using it as a professional office is $225000

Explanation:

Given data

house cost 4 year ago  = $219,000

house valued = $239,000

real estate fees = $14000

property taxes = $4,000

to find out

What value should you place on this house

solution

we know if we sell house we should pay real estate fee

so we get need money to place is present cost - real estate fees

so cost will be

cost = house valued  - real estate fees

cost = 239000 - 14000

cost = 225,000

so value we place on this house when analyzing the option of using it as a professional office is $225000

0 0
2 years ago
The net earnings of the factory workers for Larkin Company during the month of January are $72,000. The employer’s payroll taxes
ElenaW [278]

Answer:

fringe benefit expense   4,300

Wages expense            72,000

Payroll tax expense        8, 100

            Cash                                 84,400

Work In Process           70,896‬

Factory Overhead         13,504

     Fringe benefit expense   4,300

     Wages expense             72,000

     Payroll tax expense         8, 100

Explanation:

The first entry will be the payment to the employees wages, benefit and payroll taxes.

Then, in the second entry we will capitalize this expenses into the WIP for the amount of direct labor.

And, into actual overhead for the amount of indirect labor.

5 0
2 years ago
Dairy Products, Inc., and Eden Farms Corporation form a joint venture to make and test-market Frosty Ice Cream. If this joint ve
IrinaVladis [17]

Answer:

The answer to this question is b. for a single project only.

Explanation:

A joint venture  is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

The joint venture business usually last for the duration of the project it has come together to undertake. After which the individual businesses can go back to its usual operation.

Hence, the answer is b. for a single project only.

7 0
2 years ago
Of the value creation activities in a company, which of the following is concerned with the design of products and production pr
Leni [432]
The value creation activities that deals with the design of products and production process is RESEARCH AND DEVELOPMENT.
Value chain activities are those activities that are put in place in order to create a product and get it to the final consumers. The series of activities involves include: research and development, production, marketing and sales and customer service.
3 0
1 year ago
Read 2 more answers
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