An employee earns $5950 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of earnings each 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. The employee has $200 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $168 and contributes $84 to a retirement plan each month. What is the amount the employer should record as payroll taxes expense for the employee for the month of January?
A. $499.18
B. $455.18
C. $664.18
D. $812.18
E. $902.93
Answer: D
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Use Rizwi Corporation's list of accounts at December 31, 2016 to answer the following question. Rizwi Corporation List of Accounts at December 31, 2016 Cash $30,000 Accumulated depreciation $ 12,000 Merchandise inventory 14,000 Notes payable—Due12/31/2024 120,000 Land 40,000 Accounts payable 14,000 Buildings 80,000 Equipment 33,000 Accounts receivable 25,000 Notes Payable—Due07/01/2018 14,000
What is Rizwi Corp's current ratio? a. 0.48 to 1 b. 2.00 to 1 c. 2.55 to 1 d. 2.86 to 1
Under the direct method, which one of the following would represent cash paid?
A) gains on sales of plant assets B) losses on sales of plant assets C) depreciation expense, adjusted for changes in depreciation methods D) interest expense, adjusted for changes in interest payable and amortization of bond premium or discount
Because functional organization structures often result in pieces of strategically relevant activities and capabilities being scattered across many different functional departments, companies have found that
A. it makes good organizational sense to combine those functional departments where fragmentation is a problem into a single department. B. it is necessary to outsource those activities that are fragmented to strategic partners in order to achieve the needed coordination. C. it is necessary to give these functional departments the freedom to collaborate closely with each other to achieve the desired degree of coordination. D. there is merit in using business process reengineering to radically redesign and streamline strategy-critical processes and workflow from different departments and unifying their performance into a single department or cross-functional work group that has charge over the whole process. E. TQM is a potent way to reengineer the work effort, avoid the shortcomings of a functional organization structure, and achieve rapid-response capability.
The ________ priority sequencing rule is typically applied in a front-office customer service setting
Fill in the blanks with correct word