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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.

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The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
AleksAgata [21]

Answer:

Explanation:

Provide music lessons to students for 10,500 cash.

Dr Cash                   10,500

   Cr  Sales             10,500

Being cash sales made

Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.

Dr Prepaid Insurance account    4,000

   Cr Cash                                      4,000

Being payment for the prepaid insurance

Purchase musical equipment for $17,000 cash.

Dr  Equipment (asset) account             17,000

   CR  Cash                                               17,000

Being purchase of equipment

Obtain a loan from a bank by signing a note for $39,000.

Dr Cash                                39,000

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8 0
3 years ago
What size hammer makes a good jig for finding the height of an outlet box?
V125BC [204]

The apt size of a hammer that can be used a s a jigsaw would be

16oz.

Explanation:

To see the size of hammer that would be necessary we must understand the size of the outlet box and how it would require the jig to be.

The average height of an outlet box is usually 12 inches from the floor and it is then attached to a secondary box above it which is 16 inches

So, to lift this piece by the jig we can see that the standard sized hammer of 16 ounces would be apt and would do the job completely well.

So this is the one that must be used.

3 0
3 years ago
Joy calls a mobile phone store to enquire about a new phone available in the market. The customer service operator sends him an
blondinia [14]

Answer:

The answer to the question is customer- initiated touch point

Explanation:

In Hank Brigman's submission a touch point is the meeting point between customers and the organization in order to share vital information,negotiate business or zeal up a transaction.

When interaction is initiated by the customer, it is known as customer-initiated  touch point.This is sometimes made possible by referrals from those customers who have  made use of the product in the time past or due to a brand loyalty a product or service commands among its rival products or services.

4 0
3 years ago
Ratio Calculations Assume the following relationships for the Caulder Corp.: Sales/Total assets 2.2x Return on assets (ROA) 5% R
Valentin [98]

Answer:

2.27% ; 61.54%

Explanation:

Given that,

Sales/Total assets = 2.2x

Return on assets (ROA) = 5%

Return on equity (ROE) = 13%

Therefore,

Return on assets = Profit margin × Assets turnover

0.05 = Profit margin × 2.2

Profit margin = 0.05 ÷ 2.2

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Percent of total assets is from equity:

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= 0.05 ÷ 0.13

= 0.3846 or 38.46%

Hence, the debt is as follows:

Debt = Assets - equity

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7 0
3 years ago
The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget pe
Gnesinka [82]

Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

<h3>What is a budget?</h3>

A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.

Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

Learn more about budget at:

brainly.com/question/6663636

3 0
2 years ago
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