Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the answer for number 31, Thanks company sells computer dive parts. It is estimated that 110 mulla on this sale? sells computers for
I need the answer for number 31, Thanks
company sells computer dive parts. It is estimated that 110 mulla on this sale? sells computers for $1,800 each. Each computer has a two-year warranty that covers replacement of arts. It is estimated that 2% of all computers sold will be returned under the warranty with an average cost During November, the company sold 30,000 computers;. 400 computers were serviced under the warranty November at a total cost of $55,000. The balance in the Estimated Warranty Liability account at November 1 w 69000. What is the company's warranty expense for the month of November? A. $90,000 B. $45,000 C. $55,000 D. $60,000 *31. In 2018, an employee earned $217,000 during the year working for an employer. The FICA tax for social security 6.2% up to $125,000, and the tax for Medicare is 1.45%. (All other payroll laws apply). The employee's share of FICA taxes is what amount? 32. The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FIC taxes was $3,901.50. Given that this employee did not exceed the FICA earnings limitation, compute gross pay. A. $69,069. B. $62,927 C. $29,847. D. $51,000. 3. The current FUTA tax rate is 0.8% and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned $8,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? D. $551.80. A. $322.00 C. $480.60. B. $434.00. *. Using the debt to equity ratio, which of the following franchises would be assessed as having the riskiest financing structure? Franchise A Franchise B Franchise C Franchise D Franchise E $240.000 $60,000 $120.000 $20,000 $300,000 $150,000 $500,000 $100,000 tal liabilities Total equity A. Franchise A C. Franchise C $270,000 $90,000 B. Franchise B D. Franchise D ze h as 20 shares 01 P 2.000 shares of $1 par value common stock and 200 shares of 5%, $110 par, non-cumulative preferred inne at the beginning of the year was $500,000. Net income for the current what is the balance in RetainedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started