Accounting Answers

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. In the first quarter of the year,
Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

A firm has fixed cost of $100 and average variable cost of $5 X Q, where Q is the number of units produced.
a. Construct a table showing total cost for Q from 0 to 10
b. Graph the firm's curves for marginal cost and average total cost.
c. How does marginal cost change with Q? What does this suggest about the firm's production process?

a. Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.)
Total payroll for the year $913,590
Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans$23,710
b. If the employer is located in California, which has a credit reduction of 2.1%, what would be the amount of the credit reduction?

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

In the first quarter of the year, Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

First quarter:$397.50Second quarter:$209.10Third quarter:$274.50Fourth quarter:$262.20

List the amounts and the dates of each required FUTA tax deposit

.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600. The amount of FUTA tax for the year is.....

Zaid's financial year ends on 31 October. On 1 November 20-6 he owed advertising costs of $40. During the year ended 31 October 20-7 he paid advertising costs of $530. This included $270 for an advertising campaign for 6 months to 29 February 20-8.
How much did Zaid charge to the income statement for the year ended 31 October 20-7?
Show the ledger and income statement.

Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.)
Total payroll for the year $913,590
Payroll to employees in excess of $7,000 $421,930
Employer contributions into employees' 401(k) plans
If the employer is located in California, which has a credit reduction of 2.1%, what would be the amount of the credit reduction?

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Queno Company had FUTA taxable wages of $510,900 during the year. Determine its: (Round your answers to two decimal places.)

a. gross FUTA tax $
b. FUTA tax credits (assuming no penalties) $
c. net FUTA tax

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600.