Ben's Mentoring Had the Following Information for the Pay Period

question 68

Short Answer

Ben's Mentoring had the following information for the pay period ending September 30: Assume:
FICA-OASDI applied to the first $128,400 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Employees contribute to their retirement fund at a rate of 5.5% of their gross earnings.
-Compute the total gross earnings for the office.

---

Definitions:

Yearly Return

The annual profit or loss generated by an investment, usually expressed as a percentage of the investment's initial value.

Information Ratio Measure

A performance metric used to evaluate the skill of an investment manager by comparing their returns relative to the risk taken.

Residual Standard Deviations

A measure of the amount of variance in a set of data points that is not explained by the predictive variables in a regression model.

Market Portfolio

A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted according to its total presence in the market.