Answer:
=$524.81
Explanation:
Net pay = Earning -taxation
Calculating net pay: hour pay x hours worked
= $12 x 40
= $ 480
overtime pay =12 +(50/100x12)x 8
=(12+6)x8
=144
total earnings = $144+$ 480= $624
less deduction
social and medicare rate = 7.65 percent
federal and state unemployment rate =0.6 +3.8%
total deduction = 7.65 +O.6 + 3.8= 12.05 %
Actual deduction =12.05/100 x 624= 75.19
Net pay = $624- $75.19
=$524.81
Answer:
total estimated cash collections = $300,050
Explanation:
estimated collections during June:
collections of credit sales from May = $257,000 x 65% = $167,050
collections from credit sales before May = $50,000
collections from credit sales during June = $332,000 x 25% = $83,000
total estimated cash collections = $300,050
the write offs and the bad debt provisions are not included in this calculation.
Answer:
$176,400
Explanation:
Life insurance need = 0.70 × Salary amount × 7
= 0.70 × $36,000 × 7
= $176,400
Therefore using the easy method the amountof insurance that Stephanie should carry is $176,400
Orange County, LA, San Francisco, Anaheim
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00