Logan Corporation has 100 employees, 30 in "A-line," and 70 in "B-line." Logan incurred $280,000 in fringe benefits costs last year. How much in fringe benefit costs should be allocated to "A-line"?

The plant union is negotiating with the Eacty Company, which is on the verge of bankruptcy. Eagle has offered to pay for the employees' hospitalization insurance in exchange for a wage reduction. Each employee currently pays premiums of $4,000 a year for their insurance. Which of the following is correct: a.If an employee's wages are reduced by $5,000 and the employee is in the 24% marginal tax bracket, the employee would benefit from the offer. b.If an employee's wages are reduced by $6,000 and the employee is in the 35% marginal tax bracket, the employee would benefit from the offer. c.If an employee's wages are reduced by $4,000 and the employee is in the 12% marginal tax bracket, the employee would benefit from the offer. d."If an employee's wages are reduced by $5,000 and the employee is in the 24% marginal tax bracket, the employee would benefit from the offer", "If an employee's wages are reduced by $4,000 and the employee is in the 12% marginal tax bracket, the employee would…

The manager of Pharoah is given a bonus based on net income before taxes. The net income after taxes is $75980 for FIFO and $64500 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

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Suppose you are the human resource manager for a cellular phone company with 700 employees. Top management has asked you to implement three additional fringe benefits that were negotiated with employee representatives and agreed upon by a majority of the employees. These include group term life insurance, a group legal services plan, and a wellness center. The life insurance is estimated to cost $390 per employee per quarter. The legal plan will cost $468 semiannually per employee. The company will contribute 40% to the life insurance premium and 75% to the cost of the legal services plan. The employees will pay the balance through payroll deductions from their biweekly paychecks. In addition, they will be charged  1 4 %  of their gross earnings per paycheck for maintaining the wellness center. The company will pay the initial cost of $600,000 to build the center. This expense will be spread over 5 years. (a) What total amount should be deducted per paycheck for these new…

Elliott Trophies makes three types of awards for organizations to give employees or team members. The following are its prices and costs: Sport Employee Celebrity Price per Variable Cost per Unit $ 24 80 656 Fixed costs of $435,500 per year include building and equipment costs, marketing costs, and the costs of administration. Elliott Trophies is subject to a 21 percent tax rate on income. Req A Unit $ 16 60 516 Required: a. Given this information, how much will Elliott Trophies earn each year after taxes? b. Assuming the given sales mix is the same at the break-even point, at what sales revenue does Elliott Trophies break even? c. Assuming the given sales mix, at what sales revenue will the company earn $276,850 per year after taxes? d. Elliott Trophies is concerned about the future of the Celebrity trophy market, given recent cost-cutting by companies and is considering becoming more specialized in the Sport and Employee market. If Elliott Trophies drops the Celebrity model, fixed…

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During 201A, Alpha Corporation gave the following fringe benefits to its employees:   Salaries to rank and file employees P1,000,000 Salaries to managerial employees 1,800,000 De minimis benefits to rank and file employees 54,400 De minimis benefits to managerial employees 27,200 Fringe benefits to rank and file employees 102,000 Fringe benefits to managerial employees 170,000   How much is the fringe benefits tax?

Bill Mason is considering two job offers. Job 1 pays a salary of $38,800 with $5,016 of nontaxable employee benefits. Job 2 pays a salary of $36,900 and $6,180 of nontaxable benefits. Use a 15 percent tax rate. Calculate the monetary value of each job. Which position would have the higher monetary value?