The Social Security rate is 6.2% with a ceiling of $106,800, and the Medicare Tax rate is 1.45% with no ceiling. The single employee of the business has earned $106,600 to date. The employee's gross earnings this pay period total $7,000 . What will be the total amount of Social Security tax and Medicare tax that will be withheld from this employee's gross earnings?
a. $535.50
b. $113.90
c. $434.00
d. $520.20
e. None of the above
b
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A company hires a consultant to give a presentation to the staff because she is a cocreator of the customer relations management software the company uses. The consultant has
a. a freelance position. b. subordinate status. c. expert power. d. a management connection.
If a division is set up as an autonomous profit center, then goods should not be transferred
a. in at a cost-based transfer price. b. out at a cost-based transfer price. c. in or out at cost-based transfer price. d. to other divisions in the same company.
Stories can help us do all of the following EXCEPT
a. share knowledge. b. inspire. c. trick. d. enhance brand recognition.
Typically, a "greenfield" investment abroad is considered an investment having a greater foreign presence than a joint venture with a foreign firm
Indicate whether the statement is true or false.