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
kobusy [5.1K]
3 years ago
14

Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, workmen's compens

ation insurance (assuming 2% of gross earnings), state unemployment insurance (assuming 4% of gross earnings), total deductions, and net pay.
Business
1 answer:
olya-2409 [2.1K]3 years ago
3 0

Answer: assuming Given the pay rate $7.0 and hours worked is 30 hours

Gross earnings = 7 x 30 = $210

Compensation insurance = 2% x $210 = $4.2

state unemployment insurance = 4% x $210 = $8.4

total deductions = 4.2 + 8.4 = $12.6

net pay = 210 - 12.6 = $197.4

Explanation:

Gross earnings  = the pay rate x hours worked

Compensation insurance = 2% of gross earnings

unemployment insurance = 4% of gross earnings

total deductions = Compensation insurance+unemployment insurance

net pay = Gross earnings - otal deductions

You might be interested in
Tanner Entertainment is a popular video game manufacturer. It has recently launched a special line of adventure video games, bas
masya89 [10]

Answer:

A concentration approach                                

Explanation:

In simple words, The Concentration strategy relates to a proactive approach where the focus of a corporation is a trading bloc or component. This helps the organisation to spend more money in manufacturing as well as marketing within that one region, but increase the chance of substantial losses in case of a decline in revenue or a rise in competition.

6 0
3 years ago
The Bloom Company issued stock for $51,500 cash on January 20, 2011. During 2011, the company recorded revenue on account of $18
Andru [333]

Answer:

$45,655

Explanation:

The computation of the amount change in cash for 2011 is given below:

= Issued stock for cash - expenses incurred for cash + cash received from account receivable - purchase value of land for cash

= $51,500 - $10,120 + $10,350 - $6,075

= $45,655

Simply we recognized that transactions that involves only cash transactions

7 0
3 years ago
Bonnie Austin, age 30, used to work part time in a local restaurant. This year she quit her job to take care of her five-month-o
sergiy2304 [10]

Answer:

The survey conducted by the Bureau of Labor Statistics today will count Bonnie as not in the labor force .

Explanation:

" not in the labor force " -

The people who are not employed and even are not unemployed are called the " not in the labor force " .

The people who are present in this category are the -

  • retired peoples ,
  • students
  • The people taking care of children ,
  • people who are not working but searching for job ,

All of them fall in this category .

Hence , according to the survey , Bonnie is under the category of " not in the labor force " .

3 0
3 years ago
Mammoth Foods, a major agricultural corporation, recently purchased MJS Organic Foods Co. MJS was established six years ago and
Alexandra [31]

Incomplete question. The option read;

A) star

B) cash cow

C) dog

D) problem child

E) top gun

Answer:

<u> A) star</u>

Explanation:

Note, the Growth-Share Matrix is designed to assist companies in determining which among their investment portfolio is worth directing resources and capital into and that would be most profitable. It is represented in four quadrants.

Among all the quadrants, the Star quadrant is meant for investments with great future potential. We could recall that there's a positive projection for MJS, it was said that the<em> "fruit market is expected to have a double-digit growth rate over the next decade." </em>Hence,  MJS would most likely be classified as a star.

7 0
2 years ago
The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th
xxMikexx [17]

Answer:

The correct answer is Option D.

Explanation:

Internal control comprises the whole system of financial and other controls established and operating within a business, including internal check, internal audit and all other forms of control.

Based on Committee of Sponsoring Organizations (COSO) framework, there are 5 interrelated components of internal control, which are: Control environment, Risk assessment, Control activities, Information and communication and Monitoring.

It is necessary to stress that internal control relates to all forms of controls within an organization and not necessarily limited to only accounting matters e.g., a security check on vehicles exiting business premises to be sure they are not carrying stolen items from the organization is an internal control but not an accounting-related.

7 0
3 years ago
Other questions:
  • Justin and Lauren are equal partners in the PJenn Partnership. The partners formed the partnership seven years ago by contributi
    15·1 answer
  • Shellshock do wheels affect your traction and speed
    12·2 answers
  • With recent reports of identity theft, mr. Jones, the ceo of a construction company, is concerned about his employees' privacy,
    5·1 answer
  • When does the government assume a contractionary fiscal policy position?
    13·1 answer
  • Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will recei
    8·1 answer
  • Which of the following is not one of the six key decisions in project management?
    5·1 answer
  • What is the tribal assistance coordination group (TAC-G)?
    15·1 answer
  • The table below pertains to a small agricultural economy where the typical consumer's basket
    9·1 answer
  • Why might Robert choose to attend a technical school rather than a four-year university?
    5·1 answer
  • 1. Which of the following people is/are legally required to file a tax return?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!