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3 years ago

Which is an example of a withholding you might see on your pay stub?

2 answers:

6 0

The correct answer is C. This implies that <u>both a and b</u> are correct. Health insurance and retirement savings are examples of withholding you might see on your pay stub

It is very common today to have withholding on the employee pay stub. A pay stub by definition is a document that indicates or shows what employees earn whenever a salary is paid.

<h2>Further Explanation</h2>

The pay stub is a typical document that reveals all the important information about an employee's salary. Some of the information that a pay stub contains include

The time the employee salary was paid
It shows if there is any reduction in the salary
It also provides details about revenue at the time the salary was paid.

Employees need to keep their pay stub for reference, particularly to address any matter including illegal salary reduction. A pay stub can also contain some withholdings deducted from your gross salary.

Some of the common withholdings are:

Saving plan
Medical insurance
Retirement saving plans
Tax withholdings
Deductions that employees agreed to on their salaries

However, some of the examples of pay stub withholding include

Insurance policies
Social security tax
Medicare tax
Federal income tax

The federal insurance contribution acts (FICA) is the acts that manage the payment of social security tax and Medicare tax.

LEARN MORE:

Which is an example of a withholding you might see on your pay stub brainly.com/question/7286610
Whats the diffrence between health insurance and insurance brainly.com/question/12744362

KEYWORDS:

withholding
Health Insurance
Retirement Savings
pay stub
Medicare tax

coldgirl [10]3 years ago

3 0

A withholding you might see on your pay stub can include a retirement savings or a health insurance payment. Therefore, the answer would be C because the correct answers are both A and B. It is common for many to have a 401K or 403-B in which your employer will withhold some of your paycheck to deposit into your retirement accounts.

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An increase in the current account deficit will place _______ pressure on the home currency value, other things equal.

Sindrei [870]

When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.

<h3>What happens when there is a current account deficit?</h3>

A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.

What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.

This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.

In conclusion, there will be downward pressure.

Find out more on the current account at brainly.com/question/22333470

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4 0

2 years ago

On August 1, 20Y7, Rafael Masey established Planet Realty, which completed the following transactions during the month:

Sphinxa [80]

Answer:

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

c. Dr Cash 13,300

Cr Sales commission 13,300

d. Dr Rent expense 3,000

Cr Cash 3,000

e. Dr Account payable 1,150

Cr Cash 1,150

f. Dr Dividend 1,800

Cr Cash 1, 800

g. Dr Automobile expense 1,500

Dr Miscellaneous expense 400

Cr Cash 1,900

h. Dr Salaries expense 2,800

Cr Cash 2,800

i. Dr Supplies expense 1,050

Cr Supplies 1,050

Explanation:

Preparation of Journal entry

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

c. Dr Cash 13,300

Cr Sales commission 13,300

d. Dr Rent expense 3,000

Cr Cash 3,000

e. Dr Account payable 1,150

Cr Cash 1,150

f. Dr Dividend 1,800

Cr Cash 1, 800

g. Dr Automobile expense 1,500

Dr Miscellaneous expense 400

Cr Cash 1,900

(1,500+400)

h. Dr Salaries expense 2,800

Cr Cash 2,800

i. Dr Supplies expense 1,050

Cr Supplies 1,050

8 0

3 years ago

A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr

Lera25 [3.4K]

Answer:

Voidable Contract

Explanation:

Voidable Contract

This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.

Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

8 0

3 years ago

Read 2 more answers

Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma

HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

To Common stock $50,000 (5,000 shares × $10)

To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0

3 years ago

Krazy Kayaks sells its entryminuslevel kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per

Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0

3 years ago