<u>Answer:</u>$500
<u>Explanation:</u>
It is mandatory to deduct the social security, medicare and federal income taxes from the individuals paycheck. At first the federal income tax has to be deducted from the income. Secondly the social security has to be deducted, thirdly the state taxes have to be deducted and finally the medicare will be deducted.
Calculation of Net pay
Salary of Juanita = $12 per hr x 50hrs
=$600
Federal income tax 600 x 10%
=$60
Social security 540 x 6.2%
=$33.48
Medicare= 506.52 x 1.45%
=$7.34
So the net pay= Gross pay- deductions
=600-60-33.48-7.34
=499.17
Which is approximately $500 is the net pay.
The first time I have to come chill one day and i was just fighting everyone else because it hurts buy
Answer:
Companies that get feedback, but whose heart is not in it. Customer survey. A systematic way of asking customers what they think. Blanket tone. Used when ...
Explanation:
Explanation:
The preparation of the year-end income statement for Fighting Okra Cooking Services is presented below:
Fighting Okra Cooking Services
Income statement
As on December 31
Revenue
Service revenue $78,500
Total revenues $78,500 (A)
Less: Expenses
Postage expense $1,500
Legal fees expense $2,600
Rent expense $21,000
Salaries expense $22,000
Supplies expense $20,000
Total expenses $67,100 (B)
Net income $11,400 (A- B)
Answer: D. $600 included in Ned's medical expenses
Explanation:
The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.
It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.
