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
dezoksy [38]
1 year ago
7

malcolm’s employer automatically deducts 37.7% from his paycheck every month for taxes, insurance premiums, retirement accounts,

and so on. he ends up taking home $39560.50. what was his gross pay?
Business
1 answer:
kolbaska11 [484]1 year ago
4 0

The gross pay of the malcolm’s employe is $ 104,935.0133.

Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. the quantity last after all withholdings are accounted for is net pay or take-domestic pay.

Calculation:-

net pay = $39560.50

gross pay × 37.7 % = net pay

X × 37.7 /100 = $39560.50

X = $39560.50 × 100 ÷  37.7

 = $ 104,935.0133

Fundamental revenue is a charge of pay agreed upon by way of an corporation and worker and does now not encompass overtime or any extra compensation. Gross earnings, but, is the quantity paid before tax or other deductions and consists of overtime pay and bonuses.

Learn more about gross pay here:-brainly.com/question/25273589

#SPJ4

You might be interested in
If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou
Natali5045456 [20]

Answer:

The adjustment at month-end is :

Supplies Expense $400 (debit)

Supplies $400 (credit)

Explanation:

The Supplies Account is an asset Account that decreases as the supplies are used in the business.

The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :

<em>Supplies Expense $400 (debit)</em>

<em>Supplies $400 (credit)</em>

4 0
3 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
Sergio039 [100]

A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income

Private sector through the earning and spending of income

Answer: Option D.

<u>Explanation:</u>

A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.

The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.

8 0
3 years ago
. If the price elasticity of demand for pineapple is 0.75, a 4% increase in the price of pineapple will lead to a A. 3% decrease
ludmilkaskok [199]

Answer:

A) 3% decrease in the quantity demanded of pineapple.

Explanation:

We know that the demand curve is negative, which means that as price of a product increases, its demand will decrease.

In unitary elasticity(1) the change in demand means that the change in quantity demanded will be the same. A 0.75 elasticity will thus mean that the quantity demanded will change by a factor of 0.75 as compared to the change in price.  

Therefore when the price of pineapple increases by 4%, the quantity demanded will decrease by 4 * 0.75 = 3%

3 0
3 years ago
Read 2 more answers
Maria spots a beautiful dress in the window of a boutique. Maria goes into
Yakvenalex [24]

Answer:

Asking Price

Explanation:

8 0
3 years ago
Heath Food Corporation’s bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity
joja [24]

Answer:

8.55%

Explanation:

For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:

Given that,  

Future value = $1,000

Rate of interest = 8%

NPER = 7 years

PMT = $1,000 × 9% = $90

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After solving this, the present value is $1,052.06

Now the current yield is

= PMT ÷ PV

= $90 ÷ $1,052.06

= 8.55%

3 0
3 years ago
Other questions:
  • K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the e
    12·1 answer
  • Brady knows that the brakes on his car do not work, but he tells celia, a potential buyer, that there are no problems with the c
    6·1 answer
  • Classify crimes in order according to the<br> severity of their potential sentences.
    6·1 answer
  • The adjusted trial balance of Antoine Corporation at December 31 shows that sales revenue for the year was $ 520 comma 000 and o
    15·1 answer
  • From President Abraham Lincoln's perspective, the decision to wage a civil war against the southern states is best summarized in
    7·1 answer
  • Nyeil is a consumer products firm that is growing at a constant rate of 6.5 percent. The firm’s last dividend was R3.36. If the
    12·1 answer
  • Randy agreed to join a biology study group. When the study group leader gave him her phone number, he had nothing on which to re
    10·1 answer
  • Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers
    11·1 answer
  • Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation). She is considering revoking the S electio
    12·1 answer
  • If you do have your license: how can you continue your driving improvement?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!