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

Author Question: During the first quarter, Robert's Medical supply paid wages of 360,000 . Of this amount, 60,00 . ... (Read 97 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 24, 2018
During the first quarter, Robert's Medical supply paid wages of 360,000 . Of this amount, 60,00 . was paid to employees who had been paid 7,00 . earlier in the quarter. What was the employer's liability for FUTA and SUTA taxes, assuming that the state rate was 5.4?

Question 2

A 1,00 . bond, with interest at 7 on January 1 and July 1, was purchased on May 11 . Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 24, 2018
Answer to Question 1

18,600
360,00 . - 60,00 . = 300,00 . subject to FUTA and SUTA taxes
300,00 .  0.00 . = 2,400 FUTA tax payment
300,00 .  0.054 = 16,200 SUTA tax payment
2,400 + 16,200 SUTA tax payment = 18,600

Answer to Question 2

25.28


newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jun 24, 2018
Gracias!

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Robert Koch Robert Koch
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Rules for Forming Plurals Medical Terms (NOUNS) Rules for Forming Plurals Medical Terms (NOUNS)
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library