1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kenny6666 [7]
3 years ago
15

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The

FICA tax for social security is 6.2% of the first $118,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,433.27. Her net pay for the month is ________.
Business
1 answer:
mina [271]3 years ago
4 0

Answer:

Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax

Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94

Explanation:

You might be interested in
The __________ is the combination of media used and the frequency of advertising in each medium. Question 34 options: media plan
Kryger [21]
The media mix is the combination of media used and the frequency of advertising in each medium.
5 0
3 years ago
The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and
wlad13 [49]

Answer: Alano's taxable income increases by $300,000.

Explanation:

Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.

If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.

Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.

7 0
3 years ago
_____ describes how the owner and employees think, feel, and act as a business
Rufina [12.5K]

Answer: I believe it is Corporate Culture, B.

Explanation:

7 0
2 years ago
Adjusts the accounts at the end of each month. cruella's adjusting entry at the end of february should include a debit to rent e
Sauron [17]

After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.

<h3>What is an adjusting entry?</h3>

Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.

To learn more about adjusting entries, visit;

brainly.com/question/4035835

#SPJ4

8 0
2 years ago
Clothing purchased​ land, paying $ 110 comma 000 cash and signing a $ 250 comma 000 note payable. In​ addition, Alpine paid deli
insens350 [35]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr

         To Cash A/c

         To Note payable A/c $250,000

(Being the purchase of the land is recorded)

The computation is shown below:

The cash would be

= Cash paid + delinquent property tax paid + title insurance cost + emove an unwanted building cost

= $110,000 + $1,100 + $1,550 + $5,900

= $118,550

4 0
3 years ago
Other questions:
  • During the​ ________ step of the selling​ process, the salesperson tells the value story to the​ buyer, showing how the​ company
    14·1 answer
  • The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabet
    13·1 answer
  • Monetarists believe that in the short run a change in the money supply can affect _______________________, while in the long run
    10·1 answer
  • List several measures that describe the size of the construction industry.
    7·2 answers
  • When the government decreases spending or increases taxes to slow economic expansion, the government is conducting: a contractio
    10·1 answer
  • Isaiah leads a training and development team. He expects excellence, sets challenging goals, and expresses confidence that all t
    15·1 answer
  • Andrew agrees to paint Rosalene's house for $500. Two days after he starts the job, he decides that $500 isn't enough money. He
    13·1 answer
  • Pro Clean Company, a manufacturer of hand sanitizers, intends to produce 40,000 units in the third quarter and 35,000 units in t
    9·1 answer
  • Which statement best summarizes the role of businesses in the flow of
    12·2 answers
  • In the Month of March, Digby received orders of 123 units at a price of $15.00 for their product Deal. Digby uses the accrual me
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!