Author Question: What is the amount of the inventory at the end of the year rounded to nearest dollar using the ... (Read 152 times)

Mollykgkg · **on:** Jul 5, 2018

What is the amount of the inventory at the end of the year rounded to nearest dollar using the average costmethod?
a. 1,685
b. 1,575
c. 1,805
d. 3,705

Question 2

In December 2011, Homer Simpson worked for Springfield Power and earned 5,000. Federal income tax withholding is 15. The FICA rate is 6.2 and the Medicare tax is 1.45.

How much cash will Springfield Power pay the government for Medicare tax because of Homer's December earnings?
A) 72.50
B) 145
C) 620
D) 310