Business, 17.09.2021 23:20 rjeus

At Christmas time, companies often give employees a small Christmas bonus. If the bonus was in the form of food, and the cost did not exceed $25, the bonus is not taxable. Any type of cash payment is taxable. Assume that we want to make sure that we allow for the FICA tax and that Federal Withholding is not going to be affected. The Employee portion of FICA tax is 7.65 percent. If you gave an employee $400, you would have to take out .0765 * $400 out of the bonus. Suppose that the owner would like to give out $100 bills at the Christmas party. What does the Gross Bonus have to be so that after the FICA tax is removed, it leaves a net amount of $400

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 12:40

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Answers: 1

Answer

Business, 22.06.2019 16:10

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Answers: 3

Answer

Business, 22.06.2019 17:10

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Answers: 3

Answer

Business, 22.06.2019 23:00

Which of the following represents an unlimited queue? a. toll booth serving automobiles on the interstateb. drive through lane at a fast food restaurantc. faculty office with limited seating during office hoursd. restaurant with no outside seating and limited capacity due to fire departments restrictionse. small barbershop with only 5 chairs for waiting customers

Answers: 3

Answer

You know the right answer?

At Christmas time, companies often give employees a small Christmas bonus. If the bonus was in the f...

Questions