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Lera25 [3.4K]
3 years ago
8

An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee wo

rked 46 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax of $200 was withheld. a. Determine the gross pay for the week. $fill in the blank 1 b. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent. $fill in the blank 2
Business
1 answer:
nordsb [41]3 years ago
6 0

Answer and Explanation:

a. The computation of the gross pay for the week is shown below

Regular pay ($28 ×40 hours) $1,120

Overtime pay (6 hours × $28 × 1.5) $252

Total gross pay $1,372

b. The computation of the net pay for the week is given below:

Gross pay $1,372

Less:

FICA ($1,372 × 7.5%) $103

Federal income tax $200

Net pay $1069.10

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The primary purpose of parks and natural areas is for recreation and human use. true or false
Elena L [17]
<span>True. Parks and natural areas provide an avenue for humans to conduct adventure programs and activities. with proper stewardship and preservation, parks and natural areas provide a conducive place for outdoor recreation and education programs that may lead to increased health, wellness, and community participation.</span>
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3 years ago
Fancy Farms purchased equipment on January 1 at a cash cost of $30,000. The estimated life is 10 years and the estimated residua
DanielleElmas [232]

Answer:

4,800

Explanation:

\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&30,000\\1&30,000&6,000&6,000&24,000\\2&24,000&4,800&10,800&19,200\\3&19,200&3,840&14,640&15,360\\\end{array}\right]

The double declining will be the straight-line rate times two.

straight-line = 1/10

double declining = (1/10) x 2 = 2/10 = 1/5 = 20%

The first year will be:

30,000 x 20% = 6,000 depreciation expense

then we calculatethe book value for the second year

30,000 - 6,000 = 24,000

now we clacualte the depreciation expense for the 2nd year

24,000 x 20% = 4,800

This process is repeat every year until the book value equalt the salvage value at the end of the 10th year.

3 0
4 years ago
How has globalization affected the world since the mid-20th century?
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Answer:

C

Explanation:

A P E X

4 0
3 years ago
Read 2 more answers
Suppose you have a linear integer optimization problem. You solve the problem as a linear optimization problem by ignoring the i
GalinKa [24]

Answer:

Option(A) is the correct answer to the given question .

Explanation:

The integer programming problem is also known as the computational optimization or the functionality method that main objective to limits the some or many of the parameters may be integer. The objective of linear  optimization problem to make the objective function as well as integer constraints linear .

  • The integer programming problem conclusively specify of the optimised solution to the issue of the integral optimisation.
  • All the other option are not correct for the linear integer optimization problem because they are not  give objective function as well as integer constraints as linear .
8 0
3 years ago
Which of the following is a capital budgeting technique that converts a project's cash flows using a more consistent reinvestmen
yulyashka [42]

Answer:

c. modified internal rate of return

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Modified internal rate of return ( MIRR ) -

The modified internal rate of return is used in order to rank the projects or the investment that are of unequal size.

The assumption involved is that the positive flow of cash are again invested to the firm and the initial outlays are financed during the firm's financing cost , is referred to as the MIRR.

MIRR is very accurate in comparison to the traditional internal rate of return (IRR) and gives the profit and cost of the project with more accuracy.

Hence , from the given information of the question,

The correct option is c. modified internal rate of return .

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3 years ago
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