Striker Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark earns $510 per week, and Todd Corbin earns $695 per week. The company’s SUTA tax rate is 5.4%, and the FUTA rate is 6.2% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee’s earnings. A. How much SUTA and FUTA tax does the company owe on these employees for the first quarter of the year? B. How much SUTA and FUTA tax does Striker owe for the second quarter of the year?

Banner House Inc. gives all its sales people a base salary of $49,000 per annum and a commission of 13% on all banners that they sell over $5,000. Calculate Diana's salary last month if she sold $10,000 worth of banners.

A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,248.50 per month and variable costs are $11.00 per item.   a. What is the total revenue at the break-even point? Round to the nearest cent     b. What is the selling price per item? Round to the nearest cent.

Jill Janzen's gross weekly pay is $298. Her earnings to date for the year total $14,900. What amount is deducted from her pay each week for Social Security, which is taxed at 6.2%? Select one: O a. $30.88 ОБ. $18.48 O c. $14.52 O d. $21.33

A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price.   a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.

Sarah's comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $8,893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3,000. The policy with the stop-loss feature has the same deductible and coinsurance requirement as Sarah's current policy. Determine which policy would have cost Sarah less and by how much. (Round your intermediate calculations and final answer to 2 decimal places.) Current policy Stop-loss feature No difference in Sarah's cost for this claim. Difference amount

If you earn $9.10 per hour and you work a 37-hour week, what are your gross (before tax) earnings?

Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $305,000 this year. His social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and his federal income tax rate is 24%. How much estimated tax (in $) must Marc send to the IRS each quarter?