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zalisa [80]
2 years ago
12

Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees of Pack-It Services are paid

semimonthly. An employee, Glen Riley, comes to her on November 6 and requests a pay advance of $1,650, which he will pay back in equal parts on the November 15 and December 15 paychecks. Glen is married with eight withholding allowances and is paid $58,640 per year. He contributes 3 percent of his pay to a 401(k) and has $25 per paycheck deducted for a Section 125 plan.
Required:
Compute his net pay on his November 15 paycheck.
Business
1 answer:
Nina [5.8K]2 years ago
6 0

Answer:

Net pay is $1,201.80

Explanation:

The salary is $58,640 annually

The semi monthly gross salary will be  ($58,640 / 24) = $2,443.33

The deductions will be:

Social security 6.2% = $151.49

Medicare 1.45% = $35.42

3% contribution to 401k = $73.30

Section 125 Plan = $25

Advance repayment ($1,650 / 2) = $825

Taxable Income is $2,443.33 - $73.30 - $25 = $2,345.03

Federal Income Tax 1.6% = $37.52

State Income Tax 4% = $93.80

Net pay is ($2,345.03 - $37.52 - $93.80 - $151.49 - $35.42 - $825) = $1,201.80

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lbvjy [14]

Answer:

When Andy Forsummer, the owner of Barcelona Restaurants Group, rejects management philosophies that stress employee social relations and employee happiness, he is refuting ideas championed by <u>Henri Fayol's administrative management.</u>

Henri Fayol's administrative management usually looks at the clear decision of labor, work ethics, employee and organizational culture and spirit. It stresses upon how employee social relations and employee happiness is crucial to the success of an organization.

8 0
3 years ago
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
mixer [17]

Answer:

B) networking

Explanation:

Networking involves the sharing of information and ideas among people in a social group, or social set up. Networking happens in informal groups formed by people who share common interests and ambitions.  Professional use networking to expand their circles of friends, acquaintances, and potential business partners.

Business people join or create networking groups to develop relationships with other business-minded people. By joining the local chamber of commerce, Galena will interact and socialize with other businesswomen. She will make friends and get a platform to engage with other professionals in her field.

4 0
3 years ago
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what?
Ann [662]

<u>Answer: </u>

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:

<u>Explanation: </u>

  • For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
  • By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.

7 0
3 years ago
Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it
miskamm [114]

Answer:

<em>It will take me </em>= <em>30.99 years</em> to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n){nt}

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12){12t}

= $60 = $3,200(1 + 12.9%/12){12t}

= $60.00 = $3,200.00 (1 + 0.129/12){12t}

= $60.00 = $3,200.00 (1 + 0.01075 ){12t}

= $60.00 = $3,200.00 (1.01075 ){12t}

= $60.00/$3,200.00 = $3,200.00 (1.01075 ){12t}/$3200.00

= 0.01875 = (1.01075)12t

= Using the law of logarithm

= logA^{N} = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

=  12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

<em>∴ 30.99 years</em>

<em>It will take me </em>= 30.99 years to pay-off the borrowed amount paying $60.00 every month

3 0
3 years ago
How to find expiry date for a plane ticket?
kow [346]
You can ask a person who works for the company of your plane ticket and ask if it's expired.


5 0
3 years ago
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