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 36 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
Thanks for the timely response, appreciate it

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
A young horse in Europe being longed with a surcingle and side reins A young horse in Europe being longed with a surcingle and side reins
Overfished per year Overfished per year
Postural changes with pregnancy in 40 weeks Postural changes with pregnancy in 40 weeks
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library