FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple Choice Question 105 Concord Corporation, which has a taxable payroll of $1180000, is subject to FUTA tax of6.2% and a state contribution rate of5.4%.

Multiple Choice Question 105

Concord Corporation, which has a taxable payroll of $1180000, is subject to FUTA tax of6.2% and a state contribution rate of5.4%. However, because of stable employment experience, the company's state rate has been reduced to2%. What is the total amount of federal and state unemployment tax forConcord Corporation?

$33040

$136880

$96760

$47200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Intelligence A Managerial Perspective on Analytics

Business Intelligence A Managerial Perspective on Analytics

Authors: Ramesh Sharda, Dursun Delen, Efraim Turban

3rd edition

133051056, 978-0133051056

More Books

Students also viewed these Accounting questions

Question

★★★★★
Worried about excessive drinking among young people, the British government increased the tax on beer by 42% from 2008 to 2012. Does a specific tax substantially reduce the equilibrium quantity of...

Answered: 1 week ago

Question

★★★★★
What is test data processing? Explain how it is done, and list the sources that an auditor can use to generate test data.

Answered: 1 week ago

Question

★★★★★
=+c) Which months have the lowest traffic at Oakland airport? (Hint: Consider all 12 months.) Heres a plot of the residuals from the model fit to the Oakland airport passengers, created in Excel:

Answered: 1 week ago

Question

★★★★★
Why should managers worry about product over costing or under costing?

Answered: 1 week ago

Question

★★★★★
What kind of business nowadays that can fulfill people needs in Malaysia

Answered: 1 week ago

Question

★★★★★
What is the formula to solve this question? Find the present value of an investment in equipment if it is expected to provide annual savings of $39,000 for 10 years and to have a resale value of...

Answered: 1 week ago

Question

★★★★★
What is the first element in the architecture of a loyalty program? Select one: a. SMART analysis. b. SWOT analysis. c. Initial business case. d. Strategic planning

Answered: 1 week ago

Question

★★★★★
Find the unit tangent vector to the curve at the specified value of the parameter. (Give your answers correct to 3 decimal places.) r(t) i+6j, t=2 = Enter a number. Submit Answer -/6 Points] DETAILS...

Answered: 1 week ago

Question

★★★★★
For the gear and shaft assembly shown in the following figure, Fc = 750 N. Determine the reaction forces the bearings at locations "B" and "D" apply to the shaft. z do D Gear 1 50-mm dia. bazius 45...

Answered: 1 week ago

Question

★★★★★
Use the stock table below to answer parts a through g. Assume that the data for Company XYZ stock came from an online quote you looked at during lunch. Last Change %Change 14.39 +0.27 1.91 Open High...

Answered: 1 week ago

Question

★★★★★
An owner decided to franchise it to become a chain of seven furniture shops in Australia with a total of 85 employees and $49,600 revenue each day. Some franchises have been around for 3 years while...

Answered: 1 week ago

Question

★★★★★
In a fully vertically integrated organization, Blank______. Multiple choice question. after-sales service and support is conducted within the firm, but other industry value chain activities might be...

Answered: 1 week ago

Question

★★★★★
1. The concepts that are used to describe social situations are mental constructions.

Answered: 1 week ago

Question

★★★★★
The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

Answered: 1 week ago

Question

★★★★★
The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.

Answered: 1 week ago

Previous Question Next Question