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3 years ago

13

Steve receives a $1.50 raise from $8.25 and also insurance benefits. If he works 43 hours in week one and 30 hours in week two,

and his total
deductions arer $375.00, what is his GROSS PAY and NET PAY?

1 answer:

Roman55 [17]3 years ago

4 0

Answer:

GROSS PAY: $711.75

NET PAY:$336.75

Explanation:

Total hourly pay $9.75 x hours worked (73) = gross pay

Gross pay - deductions = netpay

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Answer: Production Possibilities Graph.

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As the marginal revenue is $25 and the marginal cost is $20, the firm should increase output until both these things are the same.

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2 years ago

Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p

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D. a and c

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3 years ago

In the management hierarchy _____ includes managers who set the overall direction of a firm, articulating a vision, establishing

ValentinkaMS [17]

Answer:

The correct answer is D) Top management

Explanation:

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Their task is, as the question specifies, to define the general policy of the company, including goals and strategies to achieve those goals. In a way, companies are just like nations, they have top executives like the president or the president of the senate, who define the direction in which the company/country will go.

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3 years ago

Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1

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Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

Duc received 8 x $200 = $1,600

deductions = 8 x $48 = $384

taxable income = $1,216

b. Assume that Duc dies on April 2, 2025. How does Annika account for the contract in 2025?

Annika should account for the contract in the same way as Duc did, and will also be able to discount $48 per month form her gross income. Since Annika will still file her taxes as married during 2025, she will report net income from this contract = ($200 - $48) x 12 months = $1,824

c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

Since she died on August, her estate must also report income = ($200 - $48) x 8 = $1,216

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3 years ago