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3 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]3 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]3 years ago

7 0

"Gross pay"

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

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E) emotional contagion

Explanation:

Based on the scenario being described within the question it can be said that this example is demonstrating the concept known as emotional contagion. This concept refers to the process in which the emotions being experienced by an individual are caused by the emotions felt by others. Which is exactly what is happening in this scenario since Galvan's positive emotions are causing her colleagues to started behaving more positively as well.

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2 years ago

Which of the following about cash equivalents is false? A B C D

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2 years ago

"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en

diamong [38]

Answer:

a. $112,000

b. $7,500

Explanation:

(a) transferred out

Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

= $112,000

(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

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3 years ago

Marin Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $201,600 and a rema

konstantin123 [22]

Answer:

The patent should be reported at $302,400 on the December 31, 2020, balance sheet.

Explanation:

Remaining useful life in month of patent on January 1, 2020 = 8 * 12 = 96 months

Remaining useful life in month of patent on December 1, 2020 = 96 - 11 = 85 months

Amortization of book value of patent in 2020 = (Patent Book value / Remaining useful life in month of patent on January 1, 2020) * 12 = ($201,600 / 96) * 12 = $25,200

Amortization of legal cost in 2020 = (Legal cost / Remaining useful life in month of patent on December 1,, 2020) * 1 = ($127,500 / 85) * 1 = $1,500

Carrying amount of patent = Patent Book value + Legal cost = $201,600 + $127,500 = $329,100

Patent book value on December 31, 2020 = Carrying amount of patent - Amortization of book value of patent in 2020 - Amortization of legal cost in 2020 = $329,100 - $25,200 - $1,500 = $302,400

Therefore, the patent should be reported at $302,400 on the December 31, 2020, balance sheet.

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3 years ago