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3 years ago

What is the relationship between gross pay and net pay?What is the relationship between gross pay and net pay?

Business

2 answers:

Monica [59]3 years ago

5 0

Answer:

b.Gross pay is more than net pay.

Explanation:

Gross pay is the summation of all the income earned before tax and other statutory deductions are made.

Net pay is the result of the deduction of taxes and other statutory deductions from the gross pay or total earnings.

The gross pay is usually more than the net pay due to the inclusion of taxes such as withholding tax, income tax etc.

Where the income earned is non taxable and there are no deductions, only then can the gross pay be the same as the net pay.

Therefore, the right option is b.Gross pay is more than net pay.

VashaNatasha [74]3 years ago

3 0

B. Gross pay is more than net pay

Gross pay is the amount of money earned before taxes and other payments are deducted

Net pay is the amount one receives after deductions and taxes have been calculated.

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Chegg - Discuss the differences of productivity measurement in service and manufacturing. Why is productivity improvement more d

Svetllana [295]

Explanation:

The measurement of productivity in service and manufacturing is different in the sense of the ability to measure productivity, as a service has different characteristics that are Intangibility, Inseparability, Variability and Perishability, it is more difficult to measure its productivity, for example, a service is variable, so even if there are standards for the provision of that service, there are issues that will vary and this can change productivity.

There is also the fact that if the productivity measured by the capacity in the service sector is influenced by the loss of quality of the same, as customers may feel hurt if there is a rush in a service provided, for example, so that the service is more productive .

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3 years ago

At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

Cr Cash 7,070,000

Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

6 0

3 years ago

Sleeping on job case study<br>

Elza [17]

Answer:

I’m not sure what you mean but sleeping on a case is bad because when revealing the problem might be handle to late

Explanation:

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3 years ago

Which of the following statements about the Uniform Commercial Code (UCC) is true? Group of answer choices The UCC contract form

sergey [27]

Answer:

1- The UCC contract formation includes offer, acceptance and consideration.

Explanation:

Elements "Offer" and "Acceptance" together form mutual assent. Also, in order to be enforceable, the contract must be for a legal purpose and parties to the contract must have capacity to enter into the contract, that part is related to consideration.

Offer → gives power of acceptance to another party, besides it includes the agreement´s essential elements (they have to be definite and certain).

Acceptance → must be a mirror image of the offer.

Consideration → All common-law contract must contain this element as a valid one. It means that there must be a bargained for interexchange of acts or promises, both parties incurring new legal detriment or obligations as a consequence of the contract.

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3 years ago

Tangerine Inc. is evaluating a capital project for investment. The initial cash outflow in Year 0 is $1,500 followed by cash inf

irina [24]

Answer:

Terminal value

= 500(1+0.12)3 + 500(1+0.12)2 + 500(1+0.12)1+ 500(1+0.12)0

= 500(1.12)3 + 500(1.12)2 + 500(1.12)1 + 500(1.12)0

= 702.464 + 627.2 + 560 + 500

= $2,389.66

The correct answer is E

Explanation:

Terminal value is a function of number of years cashflow for each year can be re-invested at the appropriate discount rate. The cashflow for year 1 can be re-invested for 3 years since the life of the project is 4 years. cashflow for year 2 can be re-invested for 2 years, cashflow for year 3 can be re-invested for 1 year and cashflow for year 4 can be re-invested for 0 year.

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4 years ago