Futa And Suta Finance Assingment Help With Solution

Futa And Suta Finance Assingment Help With Solution

 
Determine the annual budget for office utilities using the data from the past 12 months shown in Figure 9-7. Utility costs are expected to increase by 8% per year due to inflation. None of the company’s goals are expected to affect the utility costs.
 
Determine the projected costs for utilities in year 5. The inflation rate has been determined to be 0.222 and the initial cost is $57.39.
 
Determine the projected costs for utilities in year 10. The inflation rate has been determined to be 0.076 and the initial cost is $56.27.

 

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You have been running a construction company out of your home with your spouse helping you keep the books. The company has grown and has begun to take up too much of your and your spouse’s time. The decision has been made to hire a part-time estimator to help you with the bidding and a fulltime office manager. The office manager’s duties will include accounting, receptionist, and secretarial duties. By hiring the new personnel you will need to move the company’s operations out of your home and into an office.
 

Set up Figures 9-5 and 9-6 in spreadsheets in an Excel workbook. The spreadsheet for Figure 9-5 should allow the user to recalculate the social security, Medicare, FUTA, and SUTA costs by changing the social security rate and limit, Medicare rate, FUTA rate and limit, SUTA rate and limit, the wages for salaried employees, and the hours [worked] per week and wage rate for hourly employees. Use the concepts presented in Sidebar 9-1 to set up this spreadsheet. When a change is made to the spreadsheet for Figure 9-5, the employee wages and salaries, the employee taxes, and insurance should automatically change in the spreadsheet for Figure 9-6. Hint: Add a line for revenues to the spreadsheet for Figure 9-6 to make calculation of the advertising budget easier.
 
 

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