An employee earned $62,300 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?
A. $378.00
B. $42.00
C. $0.00
D. $420.00
E. $56.00
Answer: C
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Which of the following is true of event sponsorships?
A. They are highly useful public relations tools. B. They are unsuitable for gaining affinity with target audiences. C. They are a poor platform from which to build equity and gain affinity with target audiences. D. They are not suitable platforms for building equity. E. They are typically inexpensive.
The race among rivals for industry leadership is more likely to be a marathon rather than a sprint when
A. new industry or market segments are yet to be developed and create altogether new consumer demand. B. entry barriers are high, substitute products or services are readily available, and buyers are prone to negotiate aggressively for better terms and lower prices. C. there are nearly always big advantages to being a slow mover rather than an early mover, especially in regard to avoiding the "mistakes" of first or early movers. D. the market depends on the development of complementary products or services that are currently not available, buyers have high switching costs, and influential rivals are in position to derail the efforts of a first mover. E. fast followers find it easy to leapfrog the pioneer with even better next-generation products of their own.
In a guarantee situation, there are only two parties involved
Indicate whether the statement is true or false
Joanne Spitz gives a landlord $100 to hold an apartment for a day while the landlord has a written lease prepared overnight containing a rental clause for $800 per month
The next day on the way to sign the lease, she sees another apartment much cheaper that she wants, and wants to cancel the first deal. Which of the following statements is true bout the $100 payment? A) It is a down payment and the landlord can only claim any actual loss. B) It is a down payment and is lost on cancellation by Joanne C) It is a deposit and is lost on cancellation by Joanne D) It is a deposit and must be given back to Joanne on cancellation. E) It is a deposit but the landlord can only keep it if he has actual loss because of the cancellation.