In april of the current year freeman steel company

Assignment Help Accounting Basics
Reference no: EM13578339

In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Ohio. The company's SUTA tax rates based on its experience ratings are 3.2% in Nebraska and 3.8% in Ohio. Both states base the tax on the first $9,000 of each employee's earnings. This year, Freeman Steel Company paid Herb Porter wages of $20,900; $2,800 were paid in Nebraska and the remainder in Ohio. Compute the following:

Amount of the net FUTA tax on Porter's wages (Ohio is a credit reduction state-0.6%.) $

Reference no: EM13578339

Questions Cloud

What are the weighted avg accumulated expenditures the : construction began on jan 1 and completed dec 31.expenditures werefeb 1 420000may 1 325000 anddec 31 700000.monty
Economic experts ee provides economic consulting and : economic experts ee provides economic consulting and litgation support in complex legal cases. one of ees current
For the population of women whose mothers did not take the : a seven-year medical research study reported that women whose mothers took the drug des during pregnancy were twice as
The probability of obtaining a head when a certain coin is : the probability of obtaining a head when a certain coin is flipped is about 0.65. what is the probability that heads
In april of the current year freeman steel company : in april of the current year freeman steel company transferred herb porter from its factory in nebraska to its plant in
Kent company anticipates total sales for april may and june : kent company anticipates total sales for april may and june of 800000 900000 and 950000 respectively. cash sales are
A corporate charter specifies that the company may sell up : a corporate charter specifies that the company may sell up to 25 million shares of stock. the company sells 17 million
How do the ratios you calculated for this year compare to : abc pharmacy - what can two new pharmacy owners learn about their business from its financial statements?it has been a
Calculate each of the following values for the data set : q1. calculate each of the following values for the data set below assume it is a population.3.42 4.10 4.15 4.19 4.26

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd