Shante is employed by a local pharmaceutical company where she earned $48,000 in 2018. During the year, she also had self-employment income of $18,000. Her self-employment tax rounded to the nearest dollar is:
A. $2,061.
B. $2,754.
C. $2,543.
D. $0.
Answer: C
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Export subsidies levied by foreign governments on products in which the United States has a comparative disadvantage
a. lower the welfare of all Americans. b. lead to increases in U.S. consumer surplus. c. encourage U.S. production of competing goods. d. encourage U.S. workers to demand higher wages.
Jerrod Sampson is paid $10 an hour for 40 hours a week, with time-and-a-half for overtime and double-time for Sundays and holidays. Overtime premium is charged to Factory Overhead. Using the labor-time record below:
a. Compute Jerrod's total earnings for the week. b. Present the journal entry to distribute Jerrod's total earnings. SUTA = 4%, FUTA = 1%, FICA = 8%, FIT = 10% Sun Mon Tues Wed Thur Fri Sat Total F28 4 4 4 4 4 4 4 28 M14 3 2 5 6 16 Idle 1 1 4 6 Total 4 8 7 9 8 10 4 50
If the cost of employee wages is not a significant portion of the total product cost, the wages are classified as direct materials cost
Indicate whether the statement is true or false
Asking a meeting member to play “devil’s advocate” is a strategy for ______.
A. keeping the meeting short B. avoiding groupthink C. encouraging harmony D. strengthening leadership