Mr. Zee worked 65 hours during the week ended January 18, 2016. He is paid $12 per hour, and is paid time-and-a-half for all hours over 40 in a week. He had $150 withheld from his pay for federal income taxes, and $10 withheld for health insurance. The combined social security and Medicare tax rate is 7.65% and the federal and state unemployment tax rates are 0.6% and 5.4%, respectively. All earnings are taxable. What is the total employer payroll tax expense for Mr. Zee's current paycheck? a) $55.80
b) $71.15
c) $126.95
d) $0

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%