<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.
Answer:
True
Explanation:
Goal conflict can be regarded as a kind of conflict that occur when there is two or more goals that are competing in ones mindset. It could be a clash in between ones personal goals and organizational goals. Goal confict can be avoided if budget goals are carefully designed for consistency across all areas of the organization.
Answer: Not required to be accounted for by the short-cut method if using IFRS.
Explanation:
A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.
In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.
It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.
Answer: 19.29%
Explanation:
From the question, Fremont Enterprises has an expected return of 18% and 57% of the portfolio is put in Fremont. The portfolio return of Fremont will be the expected return multiplied by the weight. This will be:
= 18% × 57%
= 18 × 0.57
= 10.26%
We are also told that Laurelhurst News has an expected return of 21% and that 43% of the portfolio is put in Laurelhurst News. The portfolio return here will be the expected return multiplied by the weight. This will be:
= 21% × 43%
= 21% × 0.43
= 9.03%
The the expected return of the portfolio will now be:
= 10.26% + 9.03%
= 19.29%
Answer:
The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.
This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.
