1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gekata [30.6K]
3 years ago
11

Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Income taxes

Canada Pension Plan contributions Employment Insurance contributions Pension plan contributions Charitable contributions Union dues $63,000 31,000 5,000 7,250 1% of gross pay 2% of gross pay
Required: 1.
What is the amount of net pay recorded by Hernandez?
Business
1 answer:
erik [133]3 years ago
6 0

Answer:

The amount of net pay recorded by Hernandez is $380,650

Explanation:

Gross Pay                      $500,000

Income Tax                      $63,000

Social security              $31,000

Medicare                      $7,250

Charitable contribution      $5,000

Union Dues                      $10,000

Unemployement Tax      $3,100

Net Pay                              $380,650

Therefore, The amount of net pay recorded by Hernandez is $380,650

You might be interested in
Name any two means of receiving employment information other than the means of mass communication. how can we receive informatio
Oliga [24]

Answer:

Job search websites: there are specialized websites were job positions are shared everyday. In these websites, both employers and job-seeking individuals (aspiring employees) can meet and get in contact with each other.

Job fairs: job fairs are like any other fair, with the central theme being jobs. These are events where people meet in a specific place, in order to find possible employees or employers.

8 0
3 years ago
Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking
Zepler [3.9K]

Answer:

Option (3) $1,245

Explanation:

Data provided in the question:

General ledger checking account  balance = $1,360

Bank balance on bank statement = $1445

Deposits in transit = $150

Outstanding checks = $350

Bank statement service charges = $30

NSF checks = $85

Now,

The Correct cash balance will be

                  Bank balance on bank statement              $1,445

Add :          Back deposits in transit                               $150

Subtract :  Outstanding checks                                     $350

----------------------------------------------------------------------------------------------------

Correct balance                                                             $1,245

Hence,

Option (3) $1,245

5 0
3 years ago
Rogers has a nail that is 12 centimeter long. He measured and records the length of the nail as 15 centimeters. What is the perc
Oksana_A [137]
Roger is wrong by 3cm, so
3/15 X 100 = 20% error.
8 0
3 years ago
True or False: A decrease in the general price level resulting from an increase in the cost of production is known as cost-push
seropon [69]

Answer: False. The General price level will only increase. It will not decrease at any cost of having cost pull inflation and the demand full inflation.

Explanation:

For every production of the single unit, the expenses incurred on the wages and the cost incurred on using raw materials  are prominently considered. The rate of demand has an inverse relationship with the increase in the cost of production. Then the price level of the products increases with the effects of Cost-push inflation.

Secondly, The rate of the demand for particular products increases beyond the equilibrium level when the output rate remains below the capacity to meet the requirements of the consumers' demand. In one particular stage, Demand-full inflation takes place which utmost leads to an increase in the price level and acts as a cause for Demand-full inflation.

4 0
3 years ago
Swifty Company's accounting records show the following at the year ending on December 31, 2022: Purchase Discounts $ 11300 Freig
Juli2301 [7.4K]

Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .

COGS = Cost of goods sold

COGS = 46200+(401100-13500-11300)+16000-57900

COGS = 380600

The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.

First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.

Learn more about cost of goods sold here

brainly.com/question/17205761

#SPJ4

7 0
2 years ago
Other questions:
  • In the 1970s, Atari singlehandedly created a market for home video games, offering a console and cartridges that contained games
    11·1 answer
  • On January​ 2, 2019, Kornis Corporation acquired equipment for $1,000,000. The estimated life of the equipment is 5 years or 100
    15·1 answer
  • Kilgore Company experienced the following events during its first accounting period. (1) Issued common stock for $5,000 cash. (2
    13·1 answer
  • The term back door, as it refers to computer crime, is _____________.
    12·1 answer
  • Raiment Inc. manufactures sewing machines. In an issue of Homespun Comrade, Raiment purchases the bottom quarter ad space on thr
    11·1 answer
  • Benefit of family buisness​
    5·1 answer
  • In the long run, imports will most likely be paid for with
    15·1 answer
  • The best criterion to analyze the effectiveness of an advertisement for applicants is to measure the: a. cost of the ad per appl
    13·1 answer
  • Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a
    11·1 answer
  • Suppose most people regard emeralds, rubies, and sapphires as close substitutes for diamonds. Then debeers, a large diamond comp
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!