Limited liability companies in the United States
A. were the first type of corporation provided for by state statutes.
B. have been popular since the 1950s.
C. are more numerous than corporations, partnerships, and sole proprietorships combined.
D. have become an increasingly popular form of business organization.
D. have become an increasingly popular form of business organization.
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The bond department shows gross sales of $179,000 and cost of goods sold of $46,000 . What is the gross profit of the bond department?
a. $154,000 b. $133,000 c. 67.2% d. 32.8%
A sequence of connected, dependent activities is termed a(n)
A. Parallel path. B. Path of events. C. Dependent chain. D. Activity chain. E. Path.
Prior to the start of 2013, Bellamy Inc estimated budgeted sales at 60,000 units. During 2013, 68,000 units were produced out of which 65,000 units were sold. How many units should Bellamy's 2013 flexible sales budget be based upon?
A) 65,000 units B) 71,000 units C) 60,000 units D) 66,500 units
The chief executive officer earns $21,800 per month. As of May 31, her gross pay was $109,000. The tax rate for Social Security is 6.2% of the first $127,200 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of FICA - Medicare withheld from this employee for the month of June?
A. $316.10 B. $1351.60 C. $589.00 D. $7347.00 E. $137.75