Matthew earned $150,000 in wages during 2019. FICA taxes withheld by his employer would have been $11,475.
Answer the following statement true (T) or false (F)
False
The social security portion of the payroll tax applies only to the first $132,900 at the rate of 6.2%.
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A pay plan that rewards employees for good performance in addition to their base salary is considered which type of individual-level performance-based pay?
A. merit B. piece rate C. bonus D. benefit
Mammoth Foods, a major agricultural corporation, recently purchased MJS Organic Foods Co. MJS was established six years ago and has become a major supplier to restaurants in the northeastern United States. The organic herbs, vegetables, and fruit market is expected to have a double-digit growth rate over the next decade. Under the Boston Consulting Group (BCG) Growth-Share Matrix, MJS would most likely be classified as a ________.
A. dog B. star C. problem child D. top gun E. cash cow
A bicycle is most likely to represent which kind of inventory?
a. Independent demand b. Associated demand c. Dependent demand d. Restricted demand
Fuentes Electronics is a major manufacturer of microwave ovens. Which of the following statements will best inspire the organization with a shared vision for Fuentes Electronics?
A. At Fuentes Electronics, employees know that they will make a competitive wage. B. At Fuentes Electronics, employees want to create a cheaper microwave oven than our closest competitor does. C. At Fuentes Electronics, employees at all levels are motivated to make the best microwave ovens on the market. D. At Fuentes Electronics, employees can trust our managers to steer company.