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Zinaida [17]
3 years ago
10

Which of the following would be entitled to unemployment compensation? a. Jan, who quit her job to attend school full time. b. J

ack, who was fired for being tardy for work too often. c. Alfred, who quit to care for his newborn son. d. Elise, who quit her job because her employer reduced her hours to 29 per week.
Business
1 answer:
stira [4]3 years ago
5 0

Answer:

B. Jack, who was fired for being tardy for work too often.

Explanation:

Unemployment compensation also known as Unemployment benefit or unemployment insurance is a benefit being arranged by the state government to pay unemployed workers who have lost their jobs due to mass layoff, individual layoff or retrenchment. The main objectives of this benefit is to provide income for the jobless person till they are gainfully employed in another corporation, government organisation or Private institution.

From the Question, Individual from answer A, C and D did not lost their job but rather resign intentionally, they are not qualify to have access to Unemployment compensation, although another class of compensation may be arrange to cater for their joblessness by the state.

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In the following summary of data for a payroll period, some amounts have been intentionally omitted:
notsponge [240]

Answer:

A. Calculation of the amounts omitted in lines (1), (3), (8), and (12):

1. At regular rate

= $365,500

3. Total earnings

= $430,000

8. Union dues

= $2,250

12. Sales Salaries

= $116,100

B. Journal to record the payroll accrual:

Debit:

11. Factory Wages $227,900

12. Sales Salaries    $116,100

13. Office Salaries  $86,000

Credit Payables:

4. Social security tax         $25,800

5. Medicare tax                   $6,450

6. Income tax withheld    $109,700

7. Medical insurance         $14,800

8. Union dues                     $2,250

10. Salaries Payable        $271,000

To record the payroll accrual.

C. Journal Entry to record the payment of the payroll:

Debit Payables:

4. Social security tax         $25,800

5. Medicare tax                   $6,450

6. Income tax withheld    $109,700

7. Medical insurance         $14,800

8. Union dues                     $2,250

10. Salaries Payable        $271,000

Credit Cash Account                          $430,000

To record the payment of the payroll.

Explanation:

a) Data and Calculation of the amounts omitted in lines (1), (3), (8), and (12):

Earnings:

1. At regular rate                      $365,500

2. At overtime rate                       64,500

3. Total earnings                        430,000

Deductions:

4. Social security tax      25,800

5. Medicare tax                6,450

6. Income tax withheld 109,700

7. Medical insurance     14,800

8. Union dues                 2,250

9. Total deductions                  159,000

10. Net amount paid                271,000

Accounts debited:

11. Factory Wages 227,900

12. Sales Salaries    116,100

13. Office Salaries  86,000

1. At regular rate = 3. Total earnings - 2. At overtime rate

= $430,000 - 64,500

= $365,500

3. Total earnings = 9. Total deductions + 10. Net amount paid

= $159,000  +  271,000

= $430,000

8. Union dues = 9. Total deductions - other deductions from 4 to 7.

= $159,000 - (25,800 + 6,450 + 109,700 + 14,800)

= $2,250

12. Sales Salaries = 3. Total earnings - 11. Factory Wages - 13. Office Salaries)

= (430,000 - 227,900  -  86,000)

= $116,100

8 0
3 years ago
What are the two components of a universal policy?​
gtnhenbr [62]

Answer:

Hey mate.....

Explanation:

This is ur answer.....

<em>Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.</em>

Hope it helps!

mark me as the brainliest.....

Follow me! :)

8 0
2 years ago
Read 2 more answers
Producer surplus is the difference between the _____ price and the minimum price at which a producer would be willing to sell a
gogolik [260]

Answer:

Market

Explanation:

Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.

Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.

5 0
3 years ago
What section of your resume includes your GPA?​
Ipatiy [6.2K]
What do you mean do you have a better example..? But usually some jobs don’t ask
4 0
3 years ago
The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab
Brrunno [24]

Answer:

$462,562

Explanation:

Lower of Cost and Net Realizable Value (LCNRV) records ending inventory at the lowest between purchase costs or net realizable value.

Part         Q             Cost per Unit          Net RV            Total

110        620              <u>$121.00</u>                 $127.00          $75,020

111        1,080             $76.20                  <u>$66.00</u>            $71,280        

112         540             $101.60                  <u>$97.00</u>           $52,380

113         220            <u>$215.90</u>                $228.60           $47,498

120        440           <u>$260.00</u>                $264.00          $114,400

121      1,400              $20.00                     <u>$1.00</u>             $1,400

122       330             $304.80               <u>$298.00</u>         $100,584

Total                                                                             $462,562

6 0
3 years ago
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