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
Tasya [4]
3 years ago
8

Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from

his gross pay: federal tax from the following tableSocial Security tax that is 6.2% of his gross pay Medicare tax that is 1.45% of his gross pay state tax that is 19% of his federal tax Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3. a. His net pay will decrease by $19.00. b. His net pay will increase by $19.00. c. His net pay will decrease by $22.61. d. His net pay will increase by $22.61. Please select the best answer from the choices provided A B C D
Business
2 answers:
zaharov [31]3 years ago
8 0

Answer:

d. His net pay will increase by $22.61.

Explanation:

The more "allowances" you claim on your W-4 the more you get in your take-home pay.

So he definitely will have an increase effect of $22.61 if Luis has a biweekly gross pay of $770 and increases the number of claims from 2 to 3 federal withholding allowances.

Paraphin [41]3 years ago
8 0

Answer:

d

Explanation:

You might be interested in
This year Luke has calculated his gross tax liability at $2,120. Luke is entitled to a $2,880 non-refundable personal tax credit
Tema [17]

Answer:

$3,460

Explanation:

Gross tax liability $2,120

Less non-refundable personal tax credit $2,880

Refundable personal tax credit $760

Hence:

Income taxes withheld $2,700+ $760

=$3,460

Luke’s non refundable personal credit reduces his gross tax to zero ($2120– 2,880) and $760of the unused credit expires unused.

The $1,740 unused business tax credit carries over and Luke receives a refund of $3,460($760 refundable credit + $2,700 taxes he paid)

Luke’s net tax due or refund is $3,460

3 0
3 years ago
Pretend you are an employer. you will discuss a promotion and a raise with an employee. What will you say to them?
pychu [463]

Answer:

Good luck with the promotion, here are some ideas for the company!

6 0
3 years ago
Through a process called _______, marketers collect and evaluate information about the marketing environment.
OverLord2011 [107]

Answer:

<em>Through a process called </em><em><u>environmental</u></em><em><u> </u></em><em><u>scanning</u></em><em> marketers collect and evaluate information about the marketing environment.</em>

<em>What</em><em> is</em><em> </em><em>environmental</em><em> </em><em>scanning</em><em>?</em>

<em>Environmental</em><em> </em><em>scanning</em><em> </em><em>is </em><em>the </em><em>process</em><em> </em><em>of </em><em>continually</em><em> </em><em>acqu</em><em>i</em><em>ring </em><em>information</em><em> </em><em>on </em><em>events </em><em>occurring</em><em> </em><em>outs</em>ide<em> </em><em>the </em><em>organization</em><em> </em><em>to </em><em>identify</em><em> </em><em>and </em><em>interpret </em><em>potential</em><em> </em><em>trends.</em><em> </em>

3 0
2 years ago
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and
Luba_88 [7]
I believe the answer is $1,100
3 0
3 years ago
These are the characteristics of good blogs.
kkurt [141]
It’s is organized, the welcoming page is well put together and pleasant to look at. The blogs can be funny and witty, but what really matters is that they are relatable and the sentences flow nicely. Just my opinion though.
3 0
3 years ago
Other questions:
  • Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t
    13·1 answer
  • An example of a tying arrangement is______ a. a restaurant offering both Pepsi and Coca-Cola products. b. a car manufacturer ins
    10·1 answer
  • For which market structure do economists have the least precise model of price​ determination?
    12·1 answer
  • For apparel manufacturer Abercrombie &amp; Fitch, Inc., classify each of the following costs as either a product cost or a perio
    11·1 answer
  • Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $18.90 million cost
    5·1 answer
  • The Assembly Department started the month with 25,100 units in its beginning work in process inventory. An additional 310,100 un
    6·1 answer
  • Question 5 of 10
    12·1 answer
  • Which of the following statements concerning product costs versus general, selling, and administrative costs is false?
    13·1 answer
  • The portfolio with the lowest standard deviation for any risk premium is called the_______. A.efficient frontier portfolio B.CAL
    10·1 answer
  • Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!