« previous next »

Author Question: Kelly Interiors employed Jason Baker for 13 weeks during the first quarter of the year. His salary ... (Read 78 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
Kelly Interiors employed Jason Baker for 13 weeks during the first quarter of the year. His salary was 680 per week. Compute the FUTA and SUTA taxes Kelly Interiors must pay on Baker's wages for the quarter, assuming that the state rate was 5.8?

Question 2

A 1,00 . bond, with interest at 9 on March 1 and September 1, was sold on October 30 at 105 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of 5 per bond.)


voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 24, 2018
Answer to Question 1

462
680 per week  13 weeks = 8,840 total wages
7,00 . maximum  0.00 . = 56 FUTA
7,00 . maximum  0.058 = 406 SUTA
56 + 406 = 462 total unemployment taxes

Answer to Question 2

1,059.75


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 24, 2018
Correct answers!


voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

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?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
16 weeks old human fetus 16 weeks old human fetus
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
John Ahearn, Homage to the People of the South Bronx: Double Dutch at Kelly Street 1: Frieda, ... John Ahearn, Homage to the People of the South Bronx: Double Dutch at Kelly Street 1: Frieda, ...
Kindergarten school year book Kindergarten school year book
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library