Recruitment Costs Interview Costs Job Posting fee 1st year fee Real Estate Fee Shipping fee Family travel cost A. $45,400 C. $49,400 $2,000 per person $1,000 10% 6% of sales price $4,000 $400 per person A company hires an employee with a family of 5 for a salary of $160,000 over 2 other candidates. If the employee sold her house for $340,000, what is the total recruiting expense? B. $47,800 D. $47,400
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- Bill Mason is considering two job offers. Job 1 pays a salary of $39,700 with $5,390 of nontaxable employee benefits. Job 2 pays a salary of $38,000 and $6,600 of nontaxatle benefits. Use a 15 percent tax rate. a. Calculate the monetary value of each job. b. Which position would have the higher monetary value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the monetary value of each job. Note: Round your final answers to the nearest whole number. Job 1 Job 2 Monetary ValuePart I. To recap, W.T.'s planning on the following: Newspaper ad Social media manager Payment collection Gas $120 per month $100 per month; $1 per job scheduled $0.75 per job $4.00 per job Considering his analysis of similar services and to keep things simple, w.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he'll likely need to create different types of "jobs". For example, purchasirg a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We'll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total Computations (10 jobs) Sales $ Less:…Bill Mason is considering two job offers. Job 1 pays a salary of $41,900 with $4,875 of nontaxable employee benefits. Job 2 pays a salary of $40,000 and $6,530 of nontaxable benefits. Use a 28 percent tax rate. a. Calculate the monetary value of each job. b. Which position would have the higher monetary value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the monetary value of each job. Note: Round your final answers to the nearest whole number. Monetary Value Job 1 Job 2
- To recap, W.T.’s planning on the following: Newspaper ad $120 per month Social media manager $100 per month; $1 per job scheduled Payment collection $0.75 per job Gas $4.00 per job Considering his analysis of similar services and to keep things simple, W.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he’ll likely need to create different types of “jobs”. For example, purchasing a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We’ll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total (10…Cathi needs to cover $4,500 per m to generate per month in order tha O $4,500 O $6,924 O $6,075 O $1,575 O $12,858 personal living expenses with the profits from her business Approximately how much profit does Cathe's business need "take home" the $4,500 per month she needs to cover her personal expenses if Cathi's estimated tax rate is 35%?Pedro works as salesman of ZZZ Trading. The agreement between Pedro and ZZZ provides the following terms: Basic salary 5% commission on every sale | Incentive upon meeting of target P25,000 15,000 Pedro made a total sale of P250,000 for the month. Incidentally, during the month, Pedro received a P50,000 commission from selling his friend's vacant lot. Compute the gross compensation of Pedro. O a. P25,000 О Б. Р40,000 О с. Р52,500 O d. P102,500
- Answer the following: You are contemplating a job offer with an advertising agency where you will make 54,000 in your first year of employment. Alternatively, you can begin to work with your father's business where you will earn an annual salary of 38,000. 1. Where will you work? a. Advertising agency b. Fathers business c. I choose not to work 2. If you choose to work where you will earn most, what is the opportunity cost? a. 54,000 b. 38,000 3. What is the differential revenue?a. 54,000 b. 38,000 c. 16,000Ignment i Help Save & Exit Sub Saved Check my wor Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Soclal Security taxes are 6.2% of the first $137,700 pald to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay through Gross Pay for September $ 1,500 2,100 9,500 August 31 $ 6,000 2, 000 132,900 a. b. C. Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (9. (Round your answers to 2 decimal places.) a) September Earnings Subject to Tax Tax Tax Rate Tax Amount FICA Social Security FICA-Medicare FUTA SUTA b) September Earnings Subject to Tax Tax Tax Rate Tax Amount FICA Social Security FICA…A business is deciding whether to give an end-of-year bonus of $5000 each year for the next four years to an employee, in order to increase the number of sales that employee makes. What is the minimum extra profit the employee must generate this year for the bonus to be worthwhile over the next four years, if the discount rate is 7%? O A. $18,600 OB. $16,936 OC. $12,263 O D. $14,480 OE. $20,000
- points Karl works at Moe's grocery. This year Karl was paid $43.000 in salary but he was allowed to purchase his groceries at 10% below Moe's cost. This year Karl spent $3.600 to purchase groceries costing Moe $4,000 and worth $6,000. What amount must Kart include in his gross income? A $46,600 B$47,000 OC $49,000 D. 543,400 E $45,500to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fperustatecollege.blackboard.com%252Fwebapps%25 Chapters 7-9) f Saved Maggie Vitteta, single, works 30 hours per week at $14.00 an hour. How much is taken out for federal income tax with one withholding exemption? (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.) Amount Mc Graw Hill @ 2# $ 3 4. eA. Solve the following problems and show your complete solution. 1. Incremental Commission or Graduated Commission Celeste is paid 3.5% commission on the first P12,000; 3.5% on the next P15,000; and 6.5% on all sales over $25,000. Last month, her total sales were P64,000. Find her total commission. HRISTIAN 2. Salary Plus Commission Francis Nicolas is paid a basic salary of P30,000 a month plus 9.5% commission on all sales made. Compute his gross earnings if he made total sales of P195,000. 3. Commission and Bonus Shiela receives a monthly salary of P15,200 plus 2.5% commission on sales which she consumes in excess of P70,000. Find her total earnings in a month when her sales amounted to P145,000. bahag 4. Commission with Override Yu receive 10% commission on the product he sold plus 2.5% commission of the sales made by representatives under his supervision. If his sales amounted to P28,000 and the sales made by his representatives amounted to P73,000, how much did he earn?