The current futa tax rate is 0.6%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,000 of an employee's pay. assume that an employee earned total wages of $2,900 in the current period and had cumulative pay for prior periods of $5,800. what is the amount of unemployment taxes the employer must pay on this employee's wages for the current period? a) 420 b) 0 c) 174 d) 348 e) 72

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation