1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frutty [35]
3 years ago
6

Calculate Payroll

Business
1 answer:
musickatia [10]3 years ago
7 0

Answer:

A.1830

B.$1397.75

Explanation:

A.Gross pay

Formula for Gross pay

Gross pay = regular pay + overtime pay

= (40*30)+(14*30*1.5)

=1200+630

= $1830

Part B

B.Net pay

Formula for Net pay

Net pay = gross pay – social security tax – medicare tax – federal income tax

= 1830-(1830*6.0%)-(1830*1.5%)-295

=1830-109.8-27.45-295

= $1397.75

You might be interested in
Omar is setting up his company in quickbooks and selects the accrual basis of accounting. how will his business record income an
algol [13]

Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.

Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.

Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.

Learn more about QuickBooks at

brainly.com/question/24441347

#SPJ4

4 0
2 years ago
In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limite
kifflom [539]

Answer:

a leasehold      

Explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.

7 0
3 years ago
An error in the ending inventory balance in Year 1 will also affect: (You may select more than one answer.)
Virty [35]

Answer:

A) Year 1 cost of goods sold

B) Year 2 cost of goods sold

D) Year 2  beginning inventory

Explanation:

A) Year 1 expense of merchandise sold : The Current year cost of Goods Sold is processed by deducting finishing stock from Opening Inventory and Purchases made during the year. So in the event that the completion stock isn't right, at that point the result of above calculation will not be right so the Year 1 expense of merchandise sold for example (Current year cost of Goods Sold) will be inaccurate.  

D) Year 2 starting stock: year 2 starting stock is equivalent to year 1 completion stock. So on the off chance that off-base stock estimation is made at end of earlier year, at that point current year opening worth will be carried on as off-base.  

B) Year 2 expense of merchandise sold: The explanation is same as ans q(i.e. Year 1 expense of merchandise sold) as off-base convey forward opening stock worth will bring about wrong calculation of cost of products sold for year 2.

6 0
3 years ago
The aggregate demand curve
laiz [17]

Answer:

<u>B. shows planned purchase rates of goods and services at various price levels.</u>

Explanation:

  • The aggregate demand is the total demand for final goods and services in the economy over a given period of time. And is often distinguished as the effective demand curve. That is the demand for the GDP of the nation.
  • As it specifies all the goods and the services that are to be purchased at all the possible levels. Hence this demand curve shows us the real output given on the horizontal axis. Thus the curve shows the quantity of the output that is demanded and the aggregate of the all price level.
5 0
3 years ago
AB When considering two mutually exclusive projects, the firm should always select the project whose internal rate of return is
Mnenie [13.5K]

Answer:

False

Explanation:

If an investment project can be repeated, i.e. its life cycle can be extended by reinvesting, the NPV of the project will change.

When considering two mutually exclusive projects, the NPV method should always be considered before the IRR as a means of evaluating which project should be carried out.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Susan suarez would like to work forty hours per week, but can only find twenty hours per week of work. in the official employmen
    15·1 answer
  • In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
    12·1 answer
  • Suppose that the government passes legisaltion that imposes a legal barrier to entry on the tree nursery industry and the number
    13·1 answer
  • A strategic plan is primarily designed​ to:A. provide the answer to all the​ organization's problems.B. provide input to the str
    7·2 answers
  • 1. When a person dies, arrangements will first be made to pay his or her final expenses, such as
    6·1 answer
  • A lighthouse might be considered a private good if A. the owner of the lighthouse is able to exclude beneficiaries from receivin
    12·1 answer
  • 1. Read the information in the chart about two trading partners. Then answer the question that follows. Based on the information
    9·1 answer
  • The following costs result from the production and sale of 4,900 drum sets manufactured by Tight Drums Company for the year ende
    8·1 answer
  • In marketing, promotion usually involves a company or organization
    11·1 answer
  • An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!