The net pay of Marilyn will increase by $18.15 due to the increase in the federal withholding allowances from 3 to 4.
<h3>The computation of net pay considering various federal withholding allowances</h3>
Given,
Gross pay =$810
3 Federal withholding allowances =$37 (taken from the reference table)
4 Federal withholding allowances =$22 (taken from the reference table)
Federal state tax rate =21%
First, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:
Now, the state tax rate and the total amount of withholding for 4 Federal withholding allowances are computed:
The difference in the net pay will be the difference between $44.77 and $26.62, which is $18.15.
Therefore, Marilyn withholding will decrease from $44.77 to $26.62 that is increasing the net pay by $18.15
Learn more about federal-state tax, refer to the link:
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Answer:
$46,000
Explanation:
The computation of the total liabilities at the end of the first year is shown below:
We know that
Total assets = Total liabilities + stockholder equity
where,
Total assets = Cash + land + short term investment
= $102,000 + $40,000 + $14,000
= $156,000
Stockholder equity = Common stock + net income - dividend paid
= $50,000 + 72,000 - $12,000
= $110,000
So, the total liabilities would be
= $156,000 - $110,000
= $46,000
Working Note:
The net income is
= Revenue - cost of goods sold - Salaries Expense - Utilities Expense - Advertising Expense
= $160,000 - $46,000 - $21,000 - $11,000 - $10,000
= $72,000
Answer:
See below.
Explanation:
Journal entries to record the transaction are as follows,
Debit Computer account with $3,432
Debit Accumulated depreciation account with $18,720
Credit Truck account with $20,800
Credit Cash Account with $520
Credit profit on sale of asset with $832
This the journal entry that balances the books by targeting appropriate accounts.
Note that accumulated depreciation account has a credit balance as it is an asset reducing account.
Hope that helps.
Answer:
I believe that referring to the employee as a subordinate can negatively affect the employee's motivation levels.
Explanation:
Although an employee is subordinate to the company owner, or to other high-ranking employees, such as a manager, for example. Referring to the employee as a subordinate can negatively affect the employee's motivation and productivity. This is because this word can pass a tone of devaluation, where the employee can understand that he is not esteemed and necessary within the company. The feeling of irrelevance, can leave the employee saddened and unwilling to do his best work within the institution.
