This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Smith Gym employed Garcia Young for 20 weeks during the first quarter of the year. Her salary was ... (Read 33 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 24, 2018
Smith Gym employed Garcia Young for 20 weeks during the first quarter of the year. Her salary was 500 per week. Compute the FUTA and SUTA taxes Smith Gym must pay on Young's wages for the quarter, assuming that the state rate was 5.6?

Question 2

A 1,00 . bond, with interest at 8  on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of 5 per bond.)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

steff9894

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

448
500 per week  20 weeks = 10,00 . total wages
7,00 . maximum  0.00 . = 56 FUTA
7,00 . maximum  0.056 = 392 SUTA
56 + 392 = 448 total unemployment taxes

Answer to Question 2

996.49


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 24, 2018
Excellent

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Young macaques are breastfed by their mothers Young macaques are breastfed by their mothers
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Rubella rash in a young child. Rubella is also called 3-day measles or German measles. Rubella rash in a young child. Rubella is also called 3-day measles or German measles.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Typical Night’s Sleep for a Young Adult Typical Night’s Sleep for a Young Adult
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library