Kole earns $140,000 in 2019 in his job as a sales manager. What is his FICA tax?
A. $8,240
B. $10,710
C. $10,167
D. $10,270
Answer: D
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In which of the following forms of export financing does a bank assume a financial obligation?
A) with an L/C but not a documentary collection B) with a documentary collection but not an L/C C) neither an L/C nor a documentary collection requires a bank to assume financial obligation D) with either an L/C or a collection letter E) with both an L/C and a documentary collection
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility$250,000 Office manager's salary 150,000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling and administrative offices 30,000 Direct materials purchased and used 170,000 Based on the above information, the amount of period costs shown on Steuben's income statement is:
A. $30,000 B. $150,000 C. $180,000 D. $430,000
Which of the following statements is FALSE about lot splitting?
a. It compresses lead times. b. It reduces overloads. c. It splits single lot into multiple sublots. d. It increases lead times.
Which of the following is true?
I. The strategic plan is stated in product terms. II. The strategic business plan is stated in financial terms. III. The strategic business plan is developed from the strategic plan. A) I, II, and III B) II and III only C) I and II only D) I and III only E) None is correct.