All categories

3 years ago

The amount a person earns before deducting any taxes other than voluntary deductions is called?

Business

2 answers:

anyanavicka [17]3 years ago

7 0

Answer:

Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. For example, when you tell an employee, "I'll pay you $50,000 a year," it means you will pay them $50,000 in gross wages.

Vera_Pavlovna [14]3 years ago

6 0

Answer: Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. For example, when you tell an employee, “I'll pay you $50,000 a year,” it means you will pay them $50,000 in gross wages.

You might be interested in

Work environment includes physical and social surroundings of work.

weqwewe [10]

Answer:

You must consider the physical aspects of different work environments when choosing a career.

5 0

3 years ago

An investor owns 60 shares of common stock of a company issuing new shares in a rights offering. The stock trades at $12 per sha

Mkey [24]

Answer:

7 shares and $70

Explanation:

The computation is shown below:

The additional shares is

= 60 shares ÷ 9

= 7 shares

And, the amount of money that have to be paid is

= Additional shares × purchase price

= 7 × $10

= $70

Therefore the same would be considered relevant

4 0

3 years ago

A ____ of a product is an early working prototype of a product released to users for testing and feedback: A. beta versionb. sub

Masteriza [31]

Answer: Option A

Explanation: A beta version can be defined as that version of a software which is made available to small number of users ,other than those developing it, for the purpose of general testing.

The beta version is provided by the company before the release date of the software to analyze the consumer reaction and to detect if there is any flaw.

5 0

3 years ago

The adjusted trial balance for Sunland Company at the end of the current year, 2021, contained the following accounts.

Rama09 [41]

Answer:

Total Long Term Liabilities = 3449000 USD

Explanation:

Let's sort out the data given in order to make it more presentable.

Accounts:

5-year Bonds Payable 9% = 3000000 USD

Interest Payable = 52000 USD

Premium on Bonds Payable = 99000 USD

Notes Payable (3 months.) = 42000 USD

Notes Payable (5 yr.) = 163000 USD

Mortgage Payable ($13000 due currently) = 200000 USD

Salaries and wages Payable = 18000 USD

Income Taxes Payable (due 3/15 of 2022) = 24000 USD

Now, we have to take the liabilities from this set of data and calculate it.

Following are the long term liabilities which will be added together to get the total sum:

1. 5-year Bonds Payable 9% = 3000000 USD

2. Premium on Bonds Payable = 99000 USD

3. Notes Payable (5 yr.) = 163000 USD

4. Mortgage Payable ($13000 due currently) = 200000 - 13000 = 187000 USD

Now, we have to add these amounts to get the total long term liabilities.

Total Long Term Liabilities = 3000000 + 99000 + 63000 + 187000

Total Long Term Liabilities = 3449000 USD

5 0

3 years ago

The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000,

sveta [45]

Explanation:

The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:

Year 1 9,000 hours

Year 2 5,000 hours

Year 3 4,000 hours

Year 4 2,000 hours

7 0

1 year ago