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skad [1K]
3 years ago
9

Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Federal inco

me taxes $63,000 Social Security 31,000 Medicare 7,250 Charitable contributions 1% of gross pay Union dues 2% of gross pay Also, the federal unemployment tax rate is 6.2% and applies to all but $50,000 of the gross payroll. Required: 1. What is the amount of net pay recorded by Hernandez
Business
1 answer:
sattari [20]3 years ago
3 0

Answer:

Net pay is  $383,750

Explanation:

Hermandez builders net pay can be computed by deducting the following from the gross payroll amount:

Federal income taxes

social security

medicare

charitable contributions

union dues

The net pay is computed thus:

Gross payroll pay                                                      $500,000

Federal income taxes                              $63,000

Social security                                          $31,000

medicare                                                  $7,250

charitable contributions(1%*$500000)  $5,000

union dues (2%*$500000)                     $10,000    

                                                                                ($116,250)

Net pay                                                                     $383,750  

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C) 2 x 2 mixed factorial

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With the real money supply held constant, the theory of liquidity preference implies that a higher income level will be consiste
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Option A

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Example: a Treasury bill could pay a 2% interest rate, a Treasury bill of 10 years might pay a 4% interest rate, a Treasury bond of 30 years might pay a 6% interest rate. To order for a higher rate of return for the lender to surrender equity, they must agree that cash is stuck for a long period of time.

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4 years ago
If the company uses the horizontal linkage model, how can the software development department expect to do its work? Check all t
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B)Software development employees will have opportunities to tell the research and marketing departments if a new product idea cannot be brought to market in a timely or cost-effective manner.

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Horizontal linkage model, gives room to departments in an organization to have relationship in working out new product such as commercial products.horizontal linkage model gives room for a good relationship between worker/employee within a particular organization.

If the company uses the horizontal linkage model, the software development department are expected to do its work by taking actions such as;

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4 years ago
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Firlakuza [10]

Answer:

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Variable costs as a percentage of sales for lemon inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How mu
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<h3>By how much would operating income change?</h3>

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Change in operating income: -10,000 - 2,000 = $-12,000

To learn more about operating income, please check: brainly.com/question/26848906

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