Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings

Answers

Answer 1

Answer: $‭2,033.46‬

Explanation:

Social security taxes = 8,388 * 6.2% = $‭520.06

Medicare taxes = 8,388 * 1.45% = $‭121.63

Federal income tax withheld = $1,391.77

FUTA and SUTA are to be paid by the employer not the employee.

The total amount of taxes withheld from Portia is therefore:

= 520.06 + 121.63 + 1,391.77

= $‭2,033.46‬


Related Questions

Dark colors in clothes are encouraged rather than bright colors, or patterns.

True
False

Answers

Answer:

true

Explanation:

Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. This means that France a. is a net-creditor nation. b. has realized continuous deficits in its current account. c. has a very large unilateral transfers balance. d. has realized continuous surpluses in its goods and services account.

Answers

Out of the choices provided above, it can be concluded to state that France has realized continuous deficits in its current account. Therefore, the option B holds true.

What is the significance of France?

France can be referred to or considered as a nation, which is among the most developed nations in the world. It is situated in the European Continent, and is also a part of the European Union with significant contributions to the GDP of the continent.

Apart from its GDP contributions, there are some concerns lying over the French economy, which states that there have been constant deficits in the current accounts of the French government, thereby stating that France is a net-debtor nation.

Therefore, the option B holds true and states regarding the significance of France.

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**ECONOMY**

Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:

A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation

Answers

Answer:a

Explanation:

A memo is a copy of a document transmitted via phone line using a facsimile machine.

True

False

Answers

Answer:

Yes, it is very true: I don't know just trying

True or False
Excessive inventory ties up your money so that you cannot use it elsewhere in your business.

Answers

Answer:

True

Explanation:

An inventory cost can be defined as all costs such as carrying cost, stock out (shortage) cost and ordering cost that are associated with the procurement, holding (storage) and management (handling) of inventory.

Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.

Excessive inventory arises when stocks or products are kept for a very long period of time, haven failed in selling them to consumers in a timely manner. Thus, any unsold product that has exceeded the projected consumer demand is generally referred to as an excessive inventory.

Hence, excessive inventory ties up your money so that you cannot use it elsewhere in your business. This is usually as a result of stock obsolescence.

1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, numerous orders have to be reworked. The average cost of the reworked orders is $12.45: $5 for labor, $5.15 for more materials, and $2.30 for overhead. This ratio of costs holds for the average original order. On a recent day, the shop reworked 80 orders out of 800. The original cost of the 80 orders totaled $2,000. The average cost of all orders is $26.245, including rework, with an average selling price of $35. Required: Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control. Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.

Answers

Answer:

Following are the Journal entries to the given question:

Explanation:

Accounts                                                              Dr                                        Cr

Robo Department Overhead Control              996

Materials Control [tex](80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412[/tex]

Wages Payable  [tex](80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400[/tex]

Shop overhead control[tex](80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184[/tex]

Finished Goods                                                  [tex]2000[/tex]

Work in process control                                                                             [tex]2000[/tex]

To determine what the customers of a clothing store think about the variety of clothing sold in the store, a manager hands out a survey to 100 teenagers chosen at random who visited the store.
Which of the following could affect the outcome of the survey?
A. The survey is biased because the manager did not give the survey to teenagers at other stores.
B. The results could be flawed because the sample population was too large.
C. The results could be flawed because the sample is not a good representation of the store's customers.
D. The results could be flawed because the teenagers were randomly chosen

Answers

Answer:

C. The results could be flawed because the sample is not a good representation of the store's customers.

Explanation:

I just took the quiz, I hope this helps (:

The results could be flawed because the sample is not a good representation of the store's customers because it onlu says only  a manager hands out a survey to 100 teenagers chosen at random who visited the store.

What do you mean by Sample?

A sample is an unbiased visual value taken from humans. In simple terms, a population is the total number of observations (i.e., people, animals, objects, data, etc.) contained in a particular group or context.

Thus, Option C is the correct statement that is The results could be flawed because the sample is not a good representation of the store's customers.

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hi thereeeeeeeeeeeeeeeeeeee

Answers

Answer: Hello nice to meet you!!!!!

Explanation:

Answer:

Periotttt yasss queen!!!

Explanation:

Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.

A) poor management

B) competition

C) bad location

D) finances

Answers

Answer:

C, bad location

Explanation:

Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.

Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.

Why is the location of a store important?

It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.

The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.

Thus, the ideal option is C.

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Do you think it was a good idea to sell Burger King ?

Answers

Answer:

There are pros and cons since burger kings its a big company of burgers but in the recent years not too many people is buying more from it, so selling it would be good since it is still an important and known name

In what year was the EEOC established
O
A. 1970
B. 1930
C. 2007
D. 1965

Answers

Answer:

D. 1965

Explanation:

The Civil Rights Act of 1964 is a civil rights and labor law in the United States of America that prohibits discrimination in employment, segregation in schools, and enforces the constitutional voting rights of the citizens.

The Civil Rights Act of 1964 was enacted by the 88th US Congress and signed into law on the 2nd of July, 1964 by President Lyndon B. Johnson.

The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.

Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;

I. To communicate with customers who can speak English only.

II. To efficiently promote cooperative work assignments among teams (employees).

III. To enhance or facilitate safety during an emergency.

What is the legal maximum speed limit permitted when driving in a residential area of the community?
a. 15 mph
b. 25 mph
c. 35 mph
d. 45 mph
What is the legal maximum speed permitted for driving on the expressway-in Michigan?
a. 45 mph
b. 55 mph
c. 60 mph
d. 70 mph​

Answers

Answer:

B B :)

Explanation:

The equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and higher than in perfectly competitive markets. lower than in monopoly markets and higher than in perfectly competitive markets. higher than in monopoly markets and lower than in perfectly competitive markets. lower than in monopoly markets and lower than in perfectly competitive markets.

Answers

Answer:

higher than in monopoly markets and lower than in perfectly competitive markets.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

An equilibrium quantity can be defined as a situation in which there are no surplus or shortage of finished goods in the market.

This ultimately implies that, there is an intersection between demand and supply i.e the amount of goods and services that the consumers are willing to buy is equal to the amount of goods and services that the producers are able and willing to supply at a specific period of time.

Hence, the equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

be my friend and u get brainly and 100 points

Answers

Answer:

hi friend

Explanation:

Hi friend! I would gladly be your friend

Victor is calling on Meridian Cabinetworks. His goal is to sell it a customized profile sander valued at about $3,500. He'd be willing to accept a Meridian purchase of one his firm's ready-made sanders, which sell for $2,000. Victor would really like to get the owner of Meridian to use the sander and to provide his company with a testimonial to help him get sales call appointments with other local wood workers. For Victor, the sale of the less expensive ready-built profile sander is his:

Answers

Answer: Minimum call

the three branches of government are the legislative branch, and the ____ branch
a. judicial
b.regulatory
c. supreme court
d. presidential ​

Answers

Answer:

Judicial

Explanation:

There is no presidential branch as that is the executive branch. The supreme court IS the judicial branch but the supreme court is not a branch in of itself. There is no regulatory branch that I know of.

a) judicial

legislative, judicial, and executive are the three branches of government.

An article in the New York Times about J.C.​ Penney's pricing strategy under former CEO Ron Johnson​ observes: ​"Penney had pulled up the​ anchor, only to see many of its customers sail​ away." ​Source: Stephanie Clifford and Katherine​ Rampell, "Sometimes We Want Prices to Fool​ Us," New York Times​, April​ 13, 2013. In behavioral​ economics, an​ "anchor" is A. linking the price of one product to another product. B. relating an unknown value or price to another similar known value or price. C. setting the highest possible price for a product. D. setting the lowest possible price for a product.

Answers

Answer:

B. relating an unknown value or price to another similar known value or price.

Explanation:

Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.

Thereby fixing of future prices will be biased towards this figure.

In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the​ anchor, many of the ccustomerswent away.

What are organizational capabilities?
A. The skills and knowledge that allow a firm to use its resources
effectively
B. The things the firm has acquired that are used to achieve its goals
C. The characteristics of the firm's teams of skilled employees
D. The skills of the firm's senior managers and executives

Answers

A is possibly the answer

If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?

Answers

Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty

Explanation:

Which of the following are examples of discretionary fiscal​ policy? ​(Check all that​ apply.) A. The government provides stimulus funds to repair roads and bridges to increase spending in the economy. B. Additional taxes are collected as the economy experiences an increase in income resulting from economic growth. C. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate. D. The president and Congress reduce tax rates to increase the amount of investment spending. E. A state government borrows money to finance the building of a new bridge. F. The government spends more on the military to provide assistance to England after a natural disaster.

Answers

Answer:

The government provides stimulus funds to repair roads and bridges to increase spending in the economy

The president and congress reduce tax rates to increase the amount of investment spending

Congress provides a tax rebates to encourage additional spending in order to reduce the unemployment rate

Explanation:

The following are examples of discretionary fiscal​ policy.

The government provides stimulus funds to repair roads and bridges to increase spending in the economy. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate.The president and Congress reduce tax rates to increase the amount of investment spending.

The correct options are A, C, and D.

What is discretionary and nondiscretionary fiscal policy?

Discretionary Fiscal Policy: changes in government spending and taxation enacted during a crisis affect the economy. Nondiscretionary Fiscal Policy: the set of policies built into the system to stabilize the economy, also known as automatic stabilizers.

These are deliberate policies implemented by the government to increase or decrease government spending or taxation. For example, when private sector demand and confidence are low during an economic downturn, Keynesian economists may advocate for a deliberate increase in the size of the fiscal deficit.

Thus, the ideal selection is options A, C, and D.

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help!!
list 5 importance of freedom​

Answers

Answer:

people can do what they want (with limitations)

people can say what they want (with limitations)

people can believe in what they want

and thats all ive got. good luck on the last two tho

Which of the following is the amount a 65-year-old couple retiring this year will need to pay for medical care and
prescription drugs?
$150,000
$200,000
$240,000
$300,000

Answers

Answer:

A healthy 65-year-old couple retiring in this year will need close to $300,000 to cover health-care expenses, including Medicare Parts B and D, according to HealthView Services.

The desire to earn a profit is called

A) making smart decisions

B) profit motive

C) business

D) entrepreneurship

Answers

Answer:

profit motive

Explanation:

on gawd

Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate

Answers

Answer:

A. A card with a high compound interest rate

Explanation:

it is most likely to result in the borrower

Does anyone think im attractive just wanna know lol

Answers

Answer:

yes

Explanation:

Answer: yep you are!

Explanation:

The aggregate demand curve indicates the relationship between: 1. the real wage rate and the quality of resources demanded by producers of goods and services. 2. the interest rate and the amount of loanable funds demanded by borrowers. 3. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. 4. the general price level (CPI) and the aggregate quantity of goods and services demanded.

Answers

Answer: when demand increases, supply decreases and price increases

Explanation: law of supply and demand

Viaduct Corporation used untested and risky construction techniques to build a bridge under budget. The techniques were legal but the bridge collapsed, killing several people. Viaduct actions were a. dangerous and so inherently illegal. b. unethical and may result in legislation to ensure it does not happen again. c. ethical because they were legal and so Viaduct owes no one. d. legal under Sarbanes-Oxley and so Viaduct will face no penalties.

Answers

Answer:

Unethical and may result in legislation to ensure it does not happen again

Explanation:

Ethics

This is generally defined as moral principles used by individuals in conducting themselves personally, socially, or professionally,in their actions and conversations.

Business ethics

This is simply known as set of rules based on moral principles about how businesses and employees ought to conduct themselves

A code of ethics are simply a set of guidelines for maintaining ethics in the workplace.

Assessing Ethical or unethical behavior by:

1. Gathering relevant factual information

2. Analyzing the facts to determine the right moral values

3. Making ethical judgment based on the rightness or wrongness of the proposed activity or policy.

Why is inflation considered an economic problem? please refrain from irrelevant answers.

Answers

Answer: it is an economic problem because it is the devaluation of currency. Meaning that money is worth less than what it was before. (prices will go up

but wages will stay the same)

Explanation:

The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is

A. the complete immersion of employees assigned to the alliance, eventually forming a separate company.
B. separation of company policies, procedures, and production, but unified financial accountability.
C. it must be a long-term venture of 10 or more years.
D. participant companies do not share costs or profits.

Answers

Answer:

D. participant companies do not share costs or profits.

Explanation:

A strategic alliance is the business relation that would be between two or more companies in order to accomplish their individual goals and objectives. In this, the companies would be work independently so that no one could interfere. The motive to create this is to gain a competitive advantage

So according to the given situation, the option d is correct

And, the rest of the options would be incorrect

Can I please please get help this is do in 10 mins please please help!!!!!!!!

Answers

It is C. A business tourist
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