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 25 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
Gracias!

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Large Wolf Spider with young in Michigan Large Wolf Spider with young in Michigan
Wolf spider carrying its young in its egg sac. Wolf spider carrying its young in its egg sac.
Young gorilla in tree Young gorilla in tree
History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
Lilly Martin Spencer’s Young Husband: First Marketing (1854). Note that passers-by are amused at thi Lilly Martin Spencer’s Young Husband: First Marketing (1854). Note that passers-by are amused at thi
Dragon Chinese new year 2023 Dragon Chinese new year 2023
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library