In December 2010,Bob Cratchit Worked for Scrooge & Marley and Earned

question 178

Multiple Choice

In December 2010,Bob Cratchit worked for Scrooge & Marley and earned $1,000.Federal income tax withholding is 10%.The FICA rate is 6.2% and the Medicare tax is 1.45%.How much of Bob's December salary will be included in Salary expense on Scrooge & Marley's income statement for the year ended December 31,2010?

• A)$1,000
• B)$823.50
• C)$900
• D)$923.50

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Definitions:

Componential Intelligence

Part of Sternberg's Triarchic Theory of Intelligence, focusing on analytical skills such as problem-solving, logical reasoning, and the ability to analyze.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience.

Intellectual Disability

A disability characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Mental Retardation

An outdated and insensitive term formally used to describe people with significantly below-average intellectual functioning and adaptive behaviors, now more appropriately called intellectual disability.