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 71 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

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Charging young leopard Charging young leopard
Inhalation medication administration. Photograph of a young girl using a metered-dose inhaler. Inhalation medication administration. Photograph of a young girl using a metered-dose inhaler.
Infant: 4 weeks to 1 year. Infant: 4 weeks to 1 year.
Foods for Baby’s First Year Foods for Baby’s First Year
Young Guinea Young Guinea
Video: Atrophy

For a complete list of videos, visit our video library