Write the Word or Phrase That Best Completes Each Statement

question 62

Essay

Write the word or phrase that best completes each statement or answers the question.
-Your computer supply store sells two types of laser printers. The first type, A, has a cost of $86 and youmake a $45 profit on each one. The second type, B, has a cost of $130 and you make a $35 profit on eachone. You expect to sell at least 100 laser printers this month and you need to make at least $3850 profit onthem. How many of what type of printer should you order if you want to minimize your cost?

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Definitions:

Directly Tipped Employee

An employee who receives tips directly from customers for services rendered, often subject to different tax reporting requirements.

Form 8027

A tax form used by employers who operate large food or beverage establishments to report tips received by employees.

FICA Tax

Federal Insurance Contributions Act tax, a payroll tax deducted from employees' wages for Social Security and Medicare benefits.

Employer

An individual or business entity that hires and pays wages or salaries to one or more employees in exchange for their work.