Which of the Following Statements Is Correct

question 115

Multiple Choice

Which of the following statements is correct?

• A)Social Security tax is paid only by the employer.
• B)The pay period always ends in conjunction with the company's fiscal year-end.
• C)Employee benefits such as vacation time and sick days should be recognized when the employees earn the benefit and not when they take the days off from work.
• D)Unemployment taxes are paid by the employee only.

Calculate total variable cost per unit.

Determine the total fixed manufacturing cost.

Estimate total monthly fixed selling and administrative expenses.

Calculate the total contribution margin.