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Wewaii [24]
3 years ago
15

Sammy has included a total row to help make sure that his paycheck can be divided to make deposits into these 4 accounts. If the

re were any extra, then he would increase one or all of the deposits. If there were not enough, he would decrease one or all of the deposits. Explain how Sammy calculated his total amount deposited.
Business
2 answers:
tresset_1 [31]3 years ago
7 0
<span>understanding for the importance of making sure that the total deposits (expenses + savings) equals the income. </span>
SIZIF [17.4K]3 years ago
3 0
He had split it into 4 sections an devided by the full amount of the check
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Caribbean Tours’ total payroll for the month of January was $600,000. The following withholdings, fringe benefits, and payroll t
USPshnik [31]

Answer:

wages expense  600,000 debit

      FICA taxes payables                              45,900 credit

      Federal and state income tax payable 60,000 credit

      Wages payable                                     494,100 credit

--to record employees salaries and  witholdings--

payroll tax expense          83,100 debit

Frindge benefit expense 34,800 debit

               FICA taxes payables                   45,900 credit

               FUTA&SUTA tax payables         37,200 credit

               Health insurance payable           10,800 credit

               Retirement fund obligation         24,000 credit

Explanation:

taxes:

FICA is paid by both, employee and employer. While FUTA&SUTA only by the employer

FICA 600,000 x 7.65% = 45,900

FUTA&SUTA 600,000 x 6.20% = 37,200

fringe benefit:

as they are done by the employer it will create liabilities and obligation

6 0
3 years ago
The budget deficit increases during wars and recessions. <br> a. True <br> b. False
aleksklad [387]
A increase during wars
3 0
3 years ago
Read 2 more answers
The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% pe
Ugo [173]

Answer:

d) $18.62

Explanation:

Hi, first, let´s introduce the formula to find the price of this stock.

Price=\frac{D_{0} (1+g)}{(r-g)}

Where:

Do = Last Dividend

g = growth rate

r = cost of equity

We have almost everything, all we need to do is find "r". That is:

r=rf+beta*MRP

Where:

rf = risk Free rate

MRP = market risk premium.

So, we find r first as follows:

r=0.04+1.15*0.05=0.0975

therefore, r = 9.75%. Now we are ready to find the price of the stock.

Price=\frac{0.75*(1+0.055)}{0.0975-0.055} =18.62

The price of this stock is $18.62

Best of luck.

3 0
4 years ago
Your Assignment, Part I
nekit [7.7K]

20

Explanation:

I took the text to day its 20

4 0
3 years ago
At December 31, 2021, the financial statements of Hollingsworth Industries included the following:
Degger [83]

Answer:

Basic EPS = $1.34 million

Diluted EPS = $1.23 million

Explanation:

As per the data given in the question,

Share on Jan-1 = 400 million

On Sep 1 Treasury shares = 12 million (36 million × 4 months ÷ 12  months )

No. of shares = 400 - 12 = 388 million

Basic EPS = Net income ÷ number of outstanding shares

= $520 million ÷ 388 million

= $1.34 million

Diluted EPS :

Net income = $520 million

After tax interest saving = $8 (20 million - (40% × 20 million ))

The 20 million is come from

= $520 million ×8%

= 20 million

Adjusted net income = $520 + $8 = $528 million

No. of shares as computed above = 388 million

Bond conversion shares = 40 million

Total share outstanding = 388 + 40 = 428 million

Diluted EPS = $528 million ÷ 428 million

= $1.23

5 0
3 years ago
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