The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages?
A. $420.00.
B. $336.00.
C. $534.60.
D. $594.00.
E. $0.00.
Answer: A
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Beery Inc. reported the following results from last year's operations: Sales$11,400,000Variable expenses 8,180,000Contribution margin 3,220,000Fixed expenses 2,422,000Net operating income$ 798,000Average operating assets$6,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$2,880,000 Contribution margin ratio 30% of salesFixed expenses$720,000 The company's minimum required rate of return is 12%. If the company pursues the investment opportunity, this year's combined residual income for the entire company will be closest to:
A. $24,300 B. $848,700 C. $114,000 D. $942,000
________ are general business sources of external secondary data that provide brief descriptions of companies, organizations, or individuals
A) Guides B) Indexes and bibliographies C) Directories D) Nongovernmental statistical data E) Standard Industrial Classification (SIC) codes
What is the target cost per unit if they meet the market dictated price and management's desired profit?
A) $28 B) $22 C) $20 D) $24
An ________ is an obligation requiring a series of payments to the lender.
Fill in the blank(s) with the appropriate word(s).