S. Ferrari, an employee of Plum Hollow Country Club, earned $1,100 during the first week of January. His withholding included: federal income tax, 15%; state income tax, 5%; FICA-OASDI, 6.2%; FICA-Medicare, 1.45%; and union dues $25
Determine the tax for OASDI, Medicare, Federal Income Tax, and State Income Tax.
What will be an ideal response?
Answer: FICA-OASDI $68.20
FICA-Medicare 15.95
Federal Income Tax 165.00
State Income Tax 55.00
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Poplar Mills Incorporated desires an operating income of $73,000. Its variable expenses are $25,000 and its total fixed expenses have increased from $52,500 to $56,000. Its unit contribution margin is $15. Its sales in units to achieve the target profit is
Fill in the blank(s) with the appropriate word(s).
One of the most important initial tasks of any fundraising campaign committee is to
a. Set goals b. meet or exceed the previous year's fundraising c. support the staff with recognition and proper remuneration d. ensure the right personal contacts are made with potential major gift donors e. creating the list of prospects