Which of the following taxes is only paid on the first $118,500 of your salary?
A) Federal Income Tax
B) Social Security Tax
C) Medicare Tax
D) All of the above.
Answer: B
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Sparks Stationery Company is a price-taker and uses target pricing
The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information: Target full product cost $520,000 per year Actual fixed cost $280,000 per year Actual variable cost $2 per unit Production volume 152,000 units per year Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what is the target variable cost per unit? (Round your answer to the nearest cent.) A) $3.42 B) $1.58 C) $1.84 D) $2.00
Which of the following is an example of noncash charges?
A) depreciation B) accruals C) interest expense D) dividends paid