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4 years ago

What term refers to the total compensation that an employee earns before their employer deducts taxes and withholdings?

Business

2 answers:

ohaa [14]4 years ago

8 0

Answer:

The correct answer is Gross Pay.

Explanation:

The total compensation that an employee earns before their employer deducts taxes and withholding is know as Gross Pay.

When a person works for an organization, he receives salary in exchange of his work for the organization. The organization deducts taxes of the state and federal from his salary and then transfers his pay to his account. The salary of the employee, before the organization deducts taxes and withholding, is called as the Gross Salary or Gross Pay. The pay that person receives after deductions is called as the net pay or net salary.

NeX [460]4 years ago

7 0

"Gross pay"

Gross pay is <em>before </em>taxes and withholdings, net pay (aka take-home pay) is what is left over <em>after </em>taxes/etc are taken out.

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Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil

Ivanshal [37]

Answer:

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3 years ago

The purpose of the general journal is to show accounting events in their __________ sequence.

Valentin [98]

Answer:

Chronological

Explanation:

For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.

1. Transactions

2. Journal entries

3. ledger posting

4. Trial balance

5. Worksheet

6. Journal entries i.e. adjusted

7. Financial statements

8. Books closing

So it would be chronological

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3 years ago

Consider Frankâ€™s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,

alex41 [277]

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

$21000+1800+11000=33800$

Now, we calculate the net income she would receive, if she didn't go to the college:

$16000-7200=8800$

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

$33800+8800=42600$

7 0

3 years ago

Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $61,000. and Martin's capital balance $58,000.

gizmo_the_mogwai [7]

Answer:

The bonus hat is granted to Hewlett and Martin equals is $2340

Explanation:

Solution

Given that:

Hewlett's capital balance = $61,000

Martin's capital balance = $58,000

The existing partners agrees ti accept black with =20% interest

Black invest the amount of =$35,600

Now,

The equity after admitting black or allowing black is given below:

$61,000 + $58,000 +$35,600 = $154,600

The share of black in equity is given as,

$154, 600 * 20% = $30,920

The Bonus that is present for Hewlett and Martin is = $35,600 - $30,920

=$4,680

Thus,

When shared equally it is = $2340 for both partners

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3 years ago

The primary drawback of the edison talking machine for sound recording was:

Nataliya [291]

Only one recording of a given sound could be made; copies were not possible.
Hope this helps! :)

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3 years ago