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
Gala2k [10]
3 years ago
7

Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi

care 1.45% and federal income tax 10%. What is her approximate net pay ?
Business
1 answer:
ozzi3 years ago
5 0

<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.

You might be interested in
Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values dog sitting for the weekend at
Law Incorporation [45]

Answer:

d. $10.

Explanation:

Tax is a payment made to the government to assist it in financing its various programs. Taxes are the main source of government revenue.  Income tax is the tax levied on individuals and firms on their earnings.

Susan and Rebecca enter into a work agreement where Rebecca hires Susan to dog sit for her. Susan will be working and is expected to pay taxes on the income received. Rebeca will be attending a wedding, which is not an income-generating activity; hence she will not pay any taxes. It means only Susan will pay taxes as she is the only one who will be earning. If the tax imposed on dog sitting is $10, then the two ladies will be worse-off by $10.

5 0
4 years ago
In an e-business innovation cycle, after an organization scans the environment for new emerging and enabling technologies, the n
borishaifa [10]

Answer:

In an e-business innovation cycle, after an organization scans the environment for new emerging and enabling technologies, the next step is to match the most promising new technologies with current economic opportunities.

6 0
3 years ago
Read 2 more answers
A Blank______ does not require consumers to do anything other than buy a ticket or fill out a form for a chance to win some type
svetoff [14.1K]

Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

<h3>What is Sweepstakes?</h3>

Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.

Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

Learn more about Sweepstakes below.

brainly.com/question/2033774

6 0
2 years ago
Which product is an example of a consumer good? stock share in a tech company dog food for a pet boarding facility paint sprayer
Tamiku [17]

The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.

<h3>What are consumer goods?</h3>

Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.

The products are ate and mostly bought for personal use from a supermarket, store or exhibition.

Most of the consumer products can be consumed without any further processing.

Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.

Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.

Learn more on product below

brainly.com/question/25922327

#SPJ1

4 0
2 years ago
Given the following information, analyze XYZ Company's liquidity. Year 2013 Total quick assets $30,000 Total current assets $40,
kogti [31]

Answer:

  • A. They are more liquid than others in their industry.
  • C. They have sufficient quick assets to pay off short-term debt if needed.

Explanation:

The Acid-test and current ratios are used to measure the liquidity of a company with higher figures meaning more liquidity. XYZ Company has a both a higher acid-test and current ratio so they are more liquid than others in their industry.

The Acid-test and current ratio also enable one to find out if a company is able to pay off its current obligations/ liabilities using current assets. With the acid-test ratio being above one, XYZ is able to pay off short-term debt using quick assets.

6 0
3 years ago
Other questions:
  • Which of the following is NOT a role of production and distribution in a company?
    12·1 answer
  • On December 28, 2021, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communication
    5·1 answer
  • Given the following data:
    7·1 answer
  • Which of the following statements about executing and evaluating the promotion program is most accurate?
    7·1 answer
  • Time period is important in accounting. Companies need to report revenue and expenses on their income statement based on what th
    6·1 answer
  • George is responsible for examining the heating and air conditioning system of an upcoming hotel. So, George is a mechanical____
    15·2 answers
  • T or F #7 QUICK
    6·1 answer
  • John Collins has been a sales rep for AdVance for 18 years. When he began his career with AdVance he followed the money and sold
    14·1 answer
  • With regards to a firms product line, a cost leadership strategy would strive for _______ while a differentiation strategy would
    6·1 answer
  • internalizing a positive externality will cause the demand curve to a. shift to the right. b. shift to the left. c. become more
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!