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zloy xaker [14]
3 years ago
5

An employee earns $16 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. assume that the employee w

orked 50 hours during the week, and that the gross pay prior to the current week totaled $23,200. assume further that the social security tax rate was 6.0%, the medicare tax rate was 1.5%, and federal income tax to be withheld was $212.
Business
1 answer:
Tatiana [17]3 years ago
7 0

Total pay for this week = $16*40 + $16*1.75*10 = $920

Prior Gross pay = 23,200

Total Gross pay = 920 +23,200 = $24,120

Social security = 0.06*24,120 = $1,447.20

Medicare = 0.015*24,120 = $361.80

Federal Tax withheld = $212

Total deductions = 1447.20 +361.80+212 = 2,021

Total Net Pay = 24,120 -2,021 =$22,099

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Roman buys seed packets for the school garden. One packet of radish seeds costs $1. 75. One packet of tomato seeds costs $2. 50.
bezimeni [28]

Roman may buy 23 tomato and 9 radish,  for the school garden.

 

<h3><u>Calculation:</u></h3>

Let (r) represent the cost of one packet of radish seeds, and

Let (t) represent the cost of one packet of tomato seeds.

Amount spent by roman = $62.75

It denotes that;

\ 1.75r +2.5t = 62.75.......equn. 1

Roman bought 32 packets of seeds and one packet of radish seeds costs = $ 1.75.

One packet of tomato seeds costs =  $ 2.50.

It denotes that,

\ r+t=32.....equn.2

Substitute t=9 , and r= 23, we have

In eq. 1

\ = 1.75\times9 + 2.5\times23 = 62.75\\ = 15.75+57.5 \neq  62.75 \\ = 62.75 = 62.75

In eq.2

\ =32=23+9 = 32\\

Here, both the equations are satisfied, therefore, option [C] is correct.

Learn more about equation:

brainly.com/question/2263981

8 0
3 years ago
IN planning a database and it's related tables it is important to consider
IRISSAK [1]

In planning the database it is important to consider- what each table is 'about'.

Explanation: It becomes very important so that any  sort of  duplicate data can be avoided. These databases are the source which provides the information. It should be segregated into several subject based tables. Basically, databases provides  the access to the accurate information and to provide accuracy one must be careful while creating. Every table is anyhow related to another.

5 0
3 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc
kvasek [131]

Answer:

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

Dr Investment in Nursery supplies $7 million

Cr Investment Revenue $7 million

Dr Cash $9 million

Cr Investment in Nursery supplies $9 million

No Entry

Explanation:

Preparation of the appropriate journal entries from the purchase through the end of the year.

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

(To record purchase of 25% shares for $66 million)

Dr Investment in Nursery supplies ($28 million x 25%) $7 million

Cr Investment Revenue $7 million

(To record investor share of investee's net income)

Dr Cash (18 million shares x 25% share x $2 per share) $9 million

Cr Investment in Nursery supplies $9 million

(To record receipt of dividend)

No Entry

5 0
3 years ago
During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product wa
NikAS [45]

During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product warranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.

True or False

the answer is false

4 0
3 years ago
An investor is deciding between two projects, both of which have an initial cost of £5,000. One project will return £10,000 in t
snow_lady [41]

Answer:

The answer is: The net present value of the investments

Explanation:

The net present value calculates the current monetary value of a project's future cash flows, using a discount rate. You must remember that $1 today is worth more $1 in the future.

When deciding what projects should be financed, an investor will always look for projects with a NPV ≥ 0, and if he has to decide between two projects, the he will probably choose the project with the highest NPV.

The easiest way to calculate the net present value is to use an excel spreadsheet and the NPV function:

=NPV(rate,value 1, value 2,... value n)

5 0
3 years ago
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