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2 years ago

Explain why two employees at a company, earning the same gross pay, might have different net pays.

Business

2 answers:

aliina [53]2 years ago

5 0

Answer:

Gross pay is the total amount of money an employee is entitled to at the end of a working period while Net pay is the money an employee gets at the end of a working period after all necessary deductions must have been done.

Explanation:

Gross pay of two emloyees might be the same without having the same net pay because the deductions made from the gross pay to arrive at their net pay may be different. deductions such as pension, housing allowances, car allowances, transport allowances vary across employees and this might lead to the discrepancy.

Orlov [11]2 years ago

4 0

It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .

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Each currency has a changing value relative to other countries. This is referred to as the country’s blank

alex41 [277]

Each currency has a changing value relative to other currencies. This is referred to as a "currency's exchange rate."

An exchange rate is the rate at which one currency will be exchanged for another, it is additionally viewed as the estimation of one nation's cash in connection to another currency.

Exchange rates are resolved in the foreign exchange market, which is available to an extensive variety of various sorts of purchasers and venders, and where money exchanging is ceaseless: 24 hours daily aside from ends of the week.

3 0

2 years ago

Prepare journal entries to record the following production activities.

blagie [28]

Answer:

1.Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

Explanation:

Preparation to record Journal entry

1. Since the amount of $75,000 was been Incurred of the direct labour production this means we have to record the transaction as :

Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Since the amount of $20,000 was Incurred of indirect labor in production this means we have to record the transaction as:

Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Since factory payroll was paid the transaction will be recorded as :

Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

5 0

3 years ago

The assets of Prosian Italia, a marble and granite company, amount to $400 million, and its liabilities add up to $180 million.

Kobotan [32]

Answer:

$220 million

Explanation:

According to given information in question:

Assets = $400 million

Liabilities = $180 million

Accounting Equation:

Assets = Equity + Liabilities

$400 million = Equity + $180 million

Equity = $400 million - $180 million

Equity = $220 million

Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.

4 0

3 years ago

1.Explain mountain tourism? 2.Explain inland tourism?

gulaghasi [49]

1. Mountain Tourism is a type of "tourism activity which takes place in a defined and limited geographical space such as hills or mountains with distinctive characteristics and attributes that are inherent to a specific landscape, topography, climate, biodiversity (flora and fauna) and local community.

2.
Inland trips means trips to the part of the country away from the coast, without specifying who is taking those trips. Such trips may let the world know about your country, or they may not.

Foreign trips. on the other hand, is fatally ambiguous. It can mean, and has been taken by others here to mean, trips by foreigners to your country, which would be what is asked for. But technically, a foreign trip is just a trip to a foreign country and the trip-takers should be presumed to be your fellow-countrymen; if they travel abroad, that would give them information about the world, not the other way about.

So the choice is between a bad answer and a very bad answer. I would say inland is less bad, but if the examiner thinks one choice is correct, you need to know how he thinks, not how the English language works.

I hope some of that may help I found it off the web.. sorry if it dosent

7 0

2 years ago

What is the net present value of a project with the following cash flows if the required rate of return is 9 percent?

inna [77]

Year Cash Flow
0 -$46,400
1 18,000
2 33,530
3 4,600

NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 =

-$1,574.41

7 0

3 years ago