Part A Year 1 Year 2 Year 3 Beginning inventory 0 800 800 Merchandise purchased 1000 1000 900 Goods available for sale 1000 1800 1700 Merchandise sold 1000 1000 850 Ending inventory 800 800 950
To calculate cost of goods sold, we need to determine the cost per unit, and we are given that units cost $5 each throughout Year 3. To calculate the cost of goods sold in Year 3, we multiply the number of units sold by the cost per unit.
Cost of Goods Sold = 850 × $5 = $4,250 Part B Year 1 Year 2 Year 3 Sales $125,000 $750,585 $288,635 Beginning Inventory $32,000 $85,600 $65,550 Purchases $74,250 $410,360 $110,357 Ending Inventory $33,500 $88,300 $60,548 Cost of Goods Sold $72,750 $407,660 $115,359Gross Profit $52,250 $342,925 $173,276 For each year, cost of goods sold is calculated by subtracting the ending inventory from the sum of the beginning inventory and purchases. The gross profit is then calculated by subtracting cost of goods sold from sales.
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doesn’t plan on withdrawing the funds, and wants them to stay in the account until the end of the third year.
If Rosa wants to put a small amount of money in an interest-earning account for three years, doesn't plan on withdrawing the funds, and wants them to stay in the account until the end of the third year she should use Retail CD.
What is a CD?A certificate of deposit, also known as a CD, is a type of savings account that offers a fixed interest rate that is typically higher than the rate on a typical savings account. Additionally, it has a fixed term duration and a fixed withdrawal date, also known as the maturity date. In a CD, your money is locked in for a term that typically ranges from three months to five years. CDs don't have monthly fees, but the majority of them have a penalty for early withdrawal.
How do certificates of deposit function?Without significantly increasing your market risk, a CD allows you to save more money than you have in your savings account.
In exchange for a certain interest rate, you deposit a specific amount of money—say let's $5,000 or $10,000—into an account and agree to keep it there for a predetermined period of time. Assuming you continue to deposit interest payments into the account, if you open a $10,000, 1-year CD with a 2.25% annual percentage yield, your account would be worth $10,225 after a year.
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The complete question is:
"Rosa wants to put a small amount of money in an interest-earning account for three years, doesn't plan on withdrawing the funds, and wants them to stay in the account until the end of the third year."
Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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Psychopathic behaviour would imply: Select one: a. Manipulative practices b. Pursuit of adulation/admiration by others C. Pursuit of social prestige d. Callousness e. Opportunism
Psychopathic behavior encompasses various traits, including manipulative practices, pursuit of admiration from others, callousness, opportunism, and pursuit of social prestige. These traits characterize individuals who exhibit psychopathic tendencies.
Psychopathic behavior is often associated with manipulative practices, as individuals with psychopathy tend to use deceit and manipulation to achieve their goals. They have a tendency to exploit others for their own benefit, disregarding the well-being and feelings of those around them.
The pursuit of adulation or admiration from others is another characteristic of psychopathic behavior. Psychopathic individuals often seek validation, attention, and admiration from others to boost their ego and maintain a sense of superiority.
Callousness is also a trait commonly observed in psychopathy. Individuals with psychopathic tendencies display a lack of empathy and remorse for their actions, showing little concern for the feelings or suffering of others.
Opportunism is another hallmark of psychopathic behavior. Psychopathic individuals are known to exploit opportunities for personal gain without regard for ethical considerations or the impact on others.
Lastly, the pursuit of social prestige can be seen in individuals with psychopathic tendencies. They may seek to attain a high social status, recognition, and power, using manipulative tactics to climb the social ladder.
In conclusion, psychopathic behavior encompasses manipulative practices, pursuit of admiration, callousness, opportunism, and pursuit of social prestige. These traits collectively characterize individuals exhibiting psychopathic tendencies.
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A unit of measure that equals 2.471 acres or 10,000 square meters of land is called what?
entifying Cost Management Information System Objectives Consider the following actions associated with a cost management information system: Select the appropriate objectives for each of the following actions of a cost management information system: Required: a. Eliminating a non-value-added activity Costing of development project b. Determining how much it costs to perform a heart transplant Costing of service c. Calculating the cost of inspecting components from an outside supplier Costing of product/activity d. Developing and using a budgeted income statement for a division Costing of development project e. Eliminating the need to inspect by improving the quality of products and processes Costing of development project f. Determining whether selling a product at split-off is more profitable than processing it further before selling it Costing of development project g. Calculating the cost of producing an e-book Costing of development project h. Using a trend report on quality costs to assess the effectiveness of a quality improvement program Costing of development project i. Determining the units that must be sold to break even Costing of development project j. Calculating the cost to perform a tooth extraction Costing of service k. Determining the total cost of moving goods Costing of an activity l. Using JIT purchasing and manufacturing to significantly reduce inventories Costing of development project m. Using unit product cost to help develop a bid price
Cost management information system objectives refer to the expectations or results that cost management information system (CMIS) should achieve. These objectives may vary depending on the organization’s needs and may include one or more of the following:
a. Eliminating a non-value-added activity- CMIS objective for eliminating non-value-added activities is to identify and eliminate activities that don't add value to the customer in order to reduce costs and increase efficiency. b. Determining how much it costs to perform a heart transplant - CMIS objective for determining the cost of a heart transplant is to determine the cost of each activity in the heart transplant process.
k. Determining the total cost of moving goods - CMIS objective for determining the total cost of moving goods is to identify the cost of each activity involved in moving goods. l. Using JIT purchasing and manufacturing to significantly reduce inventories - CMIS objective for using JIT purchasing and manufacturing is to reduce inventory costs by producing goods only when they are needed.
m. Using unit product cost to help develop a bid price - CMIS objective for using unit product cost to develop a bid price is to identify the cost of producing a unit of product and then using it to set a bid price.
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Explain how you would handle an issue with social media in your company?
Answer:
I will handle it no matter what
Explanation:
I think the way I handle it will be different from others like First I need to see what the issue is like then I will handle it legally if it want a lawyer I have to get one if the issue want legal process I will done by the law of the country
The lesson example of someone who has accumulated heavy debt well illustrates the point that _____. financial consulting will result in becoming debt-free serious debt requires a financial counselor it took years to accumulate the debt, and it will probably take years to eliminate it all people have problems with debt
The lesson example of accumulated debt shows that it took years to accumulate the debt, and it will probably take years to eliminate it
What is a Debt?This refers to the amount owed by a person to another person, usually with accrued interest.
Hence, we can see that when a person has a heavy debt, this usually means that it took years to accumulate the debt, and it will probably take years to eliminate it
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Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category
Answer:
C and E
Explanation:
Edge 2020
Answer: C. Page under the Numbering category
E. NumPages under the Document Information category
Explanation:
Hope this helps!!
What three factors that had a negative impact on the financial performances of unibic in its early years?
Answer:
Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years
Explanation:
The three factors that negatively impacted the financial performances of unibic in its early years were as follows
a) The price of Unibic cookies was higher as compare to its other competitors.
b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic
c) Packaging, branding and marketing not as per the public requirement
Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS
1What is the beginning situation in your community?
2What are some of the factors that a community might consider when deciding to start an ecotourism business?
3What are the options for managing an ecotourism project? What are the advantages and disadvantages of each?
4What challenges do you face in running the ecotourism business?
5Why might some individuals oppose ecotourism or its expansion?
6If you were managing the ecotourism project, how would you split the profits that it is making? What are the advantages and disadvantages of your plan?
7Imagine that you are in charge of an ecotourism project in your hometown or another area that you are familiar with (such as a nearby state park, etc. ). What would the project look like? What activities and accommodations would you provide? What impact would the project have on the larger community?
8Is ecotourism a good choice for communities? Why or why not?
1. The beginning situation in the community would depend on the specific context, ranging from untapped tourism potential to environmental degradation seeking sustainable development.
2. Factors to consider for starting an ecotourism business include local ecosystem health, cultural heritage, infrastructure, accessibility, community support, economic benefits, and potential environmental impacts.
3. Options for managing ecotourism projects include community-based, public-private partnerships, or private management, each with advantages and disadvantages.
4. Challenges in running an ecotourism business include balancing conservation with visitor impacts, sustainable resource use, maintaining authenticity, managing conflicts, and dealing with seasonality.
5. Opposition to ecotourism can arise due to concerns about environmental degradation, cultural commodification, displacement, and perceived unsustainable practices.
6. Profit-sharing plans can involve reinvestment, fair wages, infrastructure, or profit distribution, with advantages depending on goals and disadvantages from conflicting interests.
7. Ecotourism projects can offer guided walks, wildlife viewing, cultural exchanges, sustainable accommodation, and educational programs to create positive impacts and engage the community.
8. Ecotourism's suitability depends on balancing economic benefits, conservation, and community well-being, with careful planning and management to address potential negative impacts.
1. The beginning situation in the community would depend on the specific context. It could range from having a pristine natural environment with untapped tourism potential to an area facing environmental degradation and seeking sustainable development opportunities.
2. When considering starting an ecotourism business, a community might evaluate factors such as the local ecosystem's health, cultural heritage, infrastructure, accessibility, community support, potential economic benefits, potential environmental impacts, and the capacity to provide authentic and sustainable experiences.
3. Options for managing an ecotourism project can include community-based management, public-private partnerships, or private management. Each option has advantages and disadvantages. Community-based management promotes local involvement and benefits, but may face resource and capacity constraints. Public-private partnerships can leverage expertise and resources but may involve complex governance arrangements. Private management offers efficiency but may prioritize profit over sustainability and community well-being.
4. Challenges in running an ecotourism business can include balancing conservation with visitor impacts, ensuring sustainable infrastructure and resource use, maintaining authenticity and cultural integrity, managing visitor expectations, mitigating potential conflicts with local communities, and dealing with seasonality and market fluctuations.
5. Individuals may oppose ecotourism or its expansion due to concerns about environmental degradation, cultural commodification, loss of traditional practices, overcrowding, increased pollution, displacement of local communities, disruption of wildlife habitats, or the perception of unsustainable or unethical practices.
6. The profit-sharing plan for an ecotourism project could involve reinvesting in conservation and community development, providing fair wages to employees, allocating funds to infrastructure and environmental protection, or distributing profits to shareholders. Advantages of different plans depend on the specific goals and priorities, such as sustainability, local empowerment, and long-term economic benefits, while disadvantages may arise from conflicting interests or insufficient transparency.
7. In designing an ecotourism project, one could offer activities like guided nature walks, wildlife viewing, cultural exchanges with local communities, sustainable accommodation options, educational programs, and visitor centers. The project would aim to create positive economic impacts, preserve natural and cultural heritage, and engage the larger community through awareness and participation.
8. Whether ecotourism is a good choice for communities depends on various factors. It can bring economic benefits, promote environmental conservation, and foster cultural preservation when managed sustainably. However, careful planning and management are necessary to address potential negative impacts on the environment, culture, and local communities. A balance must be struck between economic development, conservation, and community well-being to ensure long-term success and equitable distribution of benefits.
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At the shut-down point, the:
a. firm is making an accounting profit.
b. firm is indifferent to whether it operates or shuts down.
c. firm is making a normal profit.
d. industry will attract new entrants.
Which of the inputs can be altered in the short run?
a. The number of hours that existing employees work.
b. The amount of heavy machinery used in the plant.
c. The total number of plants in operation.
d. The capacity of the plant.
In what type of market structure does a firm have no close substitutes for its product?
a. monopolistic competition
b. oligopoly
c. perfect competition
d. monopoly
By producing a number of products that are interdependent, firms are able to produce and market these goods at lower costs. This is known as:
a. economies of scope.
b. diseconomies of scale.
c. constant returns to scale.
d. economies of scale.
Corn is a perfectly competitive commodity. In the marketplace, the demand curve for corn is:
a. upward sloping.
b. downward sloping.
c. perfectly inelastic.
d. perfectly elastic.
b. firm is indifferent to whether it operates or shuts down.
a. The number of hours that existing employees work.
d. monopoly
a. economies of scope.
b. downward sloping.
At the shut-down point, a firm is indifferent to whether it operates or shuts down because it is not covering its variable costs. In other words, the revenue earned is only sufficient to cover the variable costs and not the fixed costs. In this situation, the firm is not making any profit and would prefer to shut down rather than incur losses by continuing to operate.
In the short run, the number of hours that existing employees work can be altered. This is because labor is a variable input in the short run, whereas capital and plant size are fixed inputs.
A firm has no close substitutes for its product in a monopoly market structure. In this market structure, there is only one seller and the firm has significant market power to set prices.
By producing a number of products that are interdependent, firms are able to produce and market these goods at lower costs. This is known as economies of scope.
Corn is a perfectly competitive commodity, and in the marketplace, the demand curve for corn is downward sloping. This means that as the price of corn increases, the quantity demanded decreases. The demand curve for a perfectly elastic commodity would be horizontal, while the demand curve for a perfectly inelastic commodity would be vertical.
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What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
I need help...I know its not answer A
Answer:
B
Explanation:
He should sell variety of packages.
Personal values are placed within these six categories:
Answer:
Personal values are placed within these six categories:
achievement, compassion, courage, recognition, relationships, responsibility
Explanation:
Answer:
achievement, compassion, courage, recognition, relationships, responsibility
Explanation:
Question #1
Multiple Choice
What is it called when a small number of companies control more than 40 percent of a market?
O monopoly
O oligopoly
O competitive market
duopoly
Question # 2
Fill in the Blank
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
'The failure or success of any business depends on marketing management '. Do you agree to this statement? Give your arguments.
Answer:
Yes
Explanation:
Because if the marketing managment wasn't strong the business will fail but if the marketing managment is strong preety sure it will be successful
an example of contractionary fiscal policy would be:
Answer:
increasing taxes and lowering government spending.
Explanation:
When the government lowers taxes, consumers have more disposable income.
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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TRUE/FALSE.the increasing use of comparative principles in product liability cases is due to the popularity of the three traditional defenses used in product liability cases.
False. The increasing use of comparative principles in product liability cases is not primarily due to the popularity of the three traditional defenses used in product liability cases.
Comparative principles, specifically comparative negligence or comparative fault, have gained prominence in product liability cases as a means to allocate liability and determine the degree of fault between the parties involved.
The three traditional defenses commonly used in product liability cases are:
1. Assumption of risk: This defense asserts that the plaintiff voluntarily accepted and understood the risks associated with using the product, thereby releasing the defendant from liability.
2. Product misuse: This defense argues that the plaintiff's misuse or improper use of the product caused the injury, absolving the defendant of responsibility.
3. Contributory negligence: This defense asserts that the plaintiff's own negligence or failure to exercise reasonable care contributed to the injury, potentially reducing or eliminating the defendant's liability.
Comparative principles, on the other hand, focus on the allocation of fault and damages based on the proportionate degree of responsibility of each party involved. It allows for a more nuanced approach to determining liability by considering the actions and responsibilities of both the plaintiff and the defendant. The increasing use of comparative principles is driven by the desire for fair and equitable outcomes in product liability cases, rather than the popularity of the traditional defenses.
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Which "class" of fires consists of flammable liquids including stove alcohol, gasoline and diesel?.
The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.
What are class B fires?These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.
The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.
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North safety products manufactures butyl gloves that offer permeation resistance to gas or water vapor for workers who use dangerous chemicals like ketones. The company has fixed costs of $12 million for its butyl glove production and unit variable costs of $3 per pair. If the company charges $7 per pair, how many pairs of gloves must it sell to break even?.
Pairs of gloves must it sell to breakeven are 300000.
Fixed. Cost = $12million
Variable cost = $3 per pair
Selling cost = $7per pair
we know that at breakeven point,
Xbep= F/S-V
X=1200000/7-3
X= 1200000/4
Xbep=300000
It must sell 300000 pairs to get break-even point.
A producer is any commercial enterprise that produces completed items from uncooked materials. They promote those items to consumers, wholesalers, distributors, retailers, and different manufacturer looking to create extra complicated items. Manufacturers commonly keep on with one sort of product.
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What might be an advantage of using credit
Do you believe that prices should reflect the value that consumers are willing to pay or should prices primarily reflect the cost involved in making a product or service.
Generally, the cost of production just establishes a minimum price at which a good can be sold. In other words, the cost of manufacturing must be covered by the price paid (a company's income).
In actuality, a corporation can divert different income sources to pay for other items it produces that are not covered by those revenue streams, but that's an operational element that doesn't change the fact that production costs must be covered or it is unsustainable.
Different consumers have their own unique exchange rates, which they may or may not agree to. Your demand curve is determined by adding up the number of consumers who would swap at each price. The actual market price will thereafter be determined by a combination of supply and demand market pricing.
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Suppose a country decides to abandon paper currency and coins, and to adopt eggs as its national currency. Analyze the wisdom of this decision. Base your reasoning on each of the three uses of money.
While eggs may have some value as a commodity, using them as a national currency would not be wise. There are several reasons why eggs are not a suitable replacement for paper currency and coins.
Medium of exchange: Eggs would not be a practical medium of exchange. Eggs are fragile and can easily break, making them difficult to transport and store. They are also perishable and have a limited shelf life, which would create logistical problems for businesses and consumers.
Unit of account: Eggs would not be a stable unit of account. The price of eggs can fluctuate greatly depending on factors such as supply and demand, weather conditions, and disease outbreaks. This volatility would make it difficult for businesses to plan and make long-term investments.
Store of value: Eggs would not be a reliable store of value. As mentioned above, eggs are perishable and have a limited shelf life. They also require careful storage and handling to prevent spoilage. In addition, the value of eggs could be subject to sudden and unpredictable shifts in the market, which would make them a risky investment.
In conclusion, while eggs may have some value as a commodity, using them as a national currency would be unwise due to their fragility, volatility, and perishability. A currency needs to be a practical medium of exchange, a stable unit of account, and a reliable store of value, and eggs do not meet these criteria.
A group of similar products that differ only in relatively minor characteristics is called a?
A group of similar products that differ only in relatively minor characteristics is called a product line. A product line cam be defined as a group or set of similar products manufactured and sold under a one brand name and a same company.
A single organisation can have different product lines. Product line can vary from color, size, type, prize and so on. For example - Coca-cola company sells juices of various flavors like mango, orange, guava etc. under a single brand name Minute Maid and under a same company Coca-cola.
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to create strong partnering relationships, supply chain members must develop mutual trust, openly communicate, have common goals, recognize the benefits of interdependence, and
Supply chain members must build mutual trust, communicate openly, share common goals, recognize the benefits of interdependence, and be willing to invest in each other's success.
Through these competencies, partnering relationships will be stronger and more effective in achieving the organizational goals and targets of each member of the supply chain.
The supply chain network comprises:
ProducersSellersWarehousesTransport companiesDistribution centersRetailersIt is essential that the relationship between a company and its suppliers is integrated and that one member contributes to the other's success, as each step of the supply chain is related to another.
Therefore, as the supply chain is a cycle, each step will impact the activities of the next step, requiring the integration of members and maintaining the quality of the product cycle until reaching the end customer.
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compute times interest earned. which company indicates the strongest ability to pay interest expense as it comes due?
By dividing income before interest and taxes by interest expense, the times interest earned ratio is determined. For the purposes of solvency analysis, interest expense and income taxes are sometimes stated separately from the regular operational expenses.
Finding the EBIT, or earnings before interest and taxes, is also made simpler by this. The times interest ratio is expressed in absolute numbers rather than percentages. As you can see, creditors would favour a company with a much higher times interest ratio because it demonstrates the company can afford to pay its interest obligations when they become due. The ratio indicates how many times a company could pay the interest with its before-tax income, so obviously larger ratios are considered more favourable than smaller ratios.
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Indicate the point where a monopoly will set its price.
Answer:
A monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR).
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company that serves as the only power utility (electricity) provider to the public.
Generally, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR). This is simply because a monopoly would derive the maximum profit at the point where MC = MR.
Answer:
The dot where green and red meet.
Explanation:
$1,560.00 Federal (7.57%) FICA Medicare (1.45%) FICA Social Security (6.20%) State - OK (3.65%) Total Net Pay Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’re ready. FEDERAL % of $1,560.00 FICA MEDICARE 1.45 % of $1,560.00 FICA SOCIAL SECURITY 6.2 % of $1,560.00 STATE % of $1,560.00
Answer:FEDERAL- 8.22%
FICA Medicare-1.45%
FICA Social Security 6.20%
STATE-3.83%
Explanation:cuz I said so