Problem on suta tax rate for the company
Sy company's payroll for the year i..s@1210930. Of this amount, $510,710 is for wages paid in excess of $7,000 to each individual employees. The SUTA tax rate for the company is3.2% on the first $7,000 of each employee's earning.
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Winter Time Adventures is going to pay an annual dividend of $2.86 a share on its common stock next year. This year, the company paid a dividend of $2.75 a share. The company adheres to a constant rate of growth dividend policy. What will one shar
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