Solved: Goodson must pay suta tax at a rate of 54 and futa tax at a, Cost Accounting

+44 141 628 6080
[email protected]

Goodson must pay suta tax at a rate of 54 and futa tax at a

B. F. Goodson employs Eduardo Gonzales at a salary of $46,000 a year. Goodson is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Gonzales's salary. In addition, Goodson must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.8% on the first $7,000 of Gonzales's salary. Compute the total cost to Goodson of employing Gonzales for the year.

Solution Preview :

Prepared by a verified Expert

Cost Accounting: Goodson must pay suta tax at a rate of 54 and futa tax at a

Reference No:- TGS0816814

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How protein is an essential part of our health

Protein is an essential part of our health as it forms building blocks for all of our cells, which then use amino acids to repair muscle, skin, organs, and bone

Discuss about health information exchanges in the niles

Review the information about Health Information Exchanges in the Niles (2024) textbook. Match the description to the term as best as you can

Discuss education and care services national regulations

According to the Education and Care Services National Regulations, when children attend the service there must also be at least one staff

How to determine if there is a quality issue

In Lesson, we discussed how to determine if there is a quality issue to measure and access. Meaning, once you have determined there is a quality problem

What inter-professional involvement needs to be considered

You have less than 10 minutes to identify the health and social concerns/needs and interventions you believe should be considered for Lorena

Why should contraception be a reproductive right

According to our textbook, lack of access to contraception negatively impacts women Why should contraception be a reproductive right?

Problem regarding childhood education and care services

In early childhood education and care services parents must always be fully informed in advance about anything that is provided for their child

Solution Preview :

Prepared by a verified Expert

Cost Accounting: Goodson must pay suta tax at a rate of 54 and futa tax at a

Reference No:- TGS0816814

Have a Question? (oR Write a Review)

Recent Questions Asked Cost Accounting

Q : For distance objects the angular size in degrees can be

Q : A patient is tested for tb at a medical

Q : When 99 of the glycine is in its -nh3 form what is the

Q : A small coil has a cross section of 35 cm2 and consists of

Q : Goodson must pay suta tax at a rate of 54 and futa tax at a

Q : Assuming that the solute consists entirely of nacl over 90

Q : Determine the inventory turnover and days in inventory for

Q : A length of wire has a radius of 300 times 10-3 m and a

Q : If an audiotape playing at a speed of 1875 in s -1 takes