Scout Freeman is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and is paid on a semimonthly basis. As of October 31, Scout has year-to-date earnings of $116,666.67. The Social Security wage base is $127,200. What is the maximum amount of her taxable earnings that may be subject to Social Security tax for the November 15 pay period?
What will be an ideal response?
$5,833.33 computed as November 15 pay: ($140,000 / 24) = $5,833.33. Year-to-date earnings of $116,666.67 + $5,833.33 = $122,500 which is less than the Social Security wage base of $127,200 so the full amount of semimonthly earnings is subject to Social Security tax.
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Explain the types of short reports.
What will be an ideal response?
A florist who decides to budget five percent of last year's sales for promotional activities is using which of the following budgeting techniques?
A) bottom-up B) objective-task C) competitive-parity D) percentage-of-sales E) push-pull
Creative ideas :
a. are novel and meaningful b. are most likely to occur in bureaucratic organizations. c. are most likely to be based on the firm's core competencies. d. rarely result in the cannibalization of sales from current products. e. are rarely generated through interactions with customers.
Which of the following can make the closing paragraph of a bad-news pleasant??
A) ?Restating the refusal B) ?Including a decision that merits an apology C) ?Including a forward-looking idea D) ?Encouraging future controversy