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vekshin1
3 years ago
12

Bethany’s regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a Janua

ry pay period, Bethany works 50 hours. Bethany’s federal income tax withholding is $99, and she has no voluntary deductions. Compute Bethany’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%.
Business
1 answer:
Alona [7]3 years ago
3 0

Answer and Explanation:

The computation of the gross earnings and the net pay is shown below;

Gross pay = Regular pay + Overtime pay

= (40 × $12) + (50 - 40) × $18

= $480 + $180

= $660

 Net pay = Gross pay - FICA taxes - Federal income taxes withholding

= $660 - ($660 × 7.65%) - $99

= $510.51

Hence, the same is to be considered and relevant

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Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe
Fynjy0 [20]

Answer:

Instructions are lsited below

Explanation:

We don't have enough information to resolve with numbers. But I will leave the formulas necessary to resolve.

The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales=

Variable costs:

Cost of good sold=

Sales commissions=

Shipping expense=

Total variable cost=

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Fixed costs:

Advertising expense=

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Administrative salaries=

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5 0
3 years ago
Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In
KIM [24]

Answer:

$26,110

Explanation:

See attached file

3 0
3 years ago
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
Which of the following is a characteristic of an unstructured interview?
Dennis_Churaev [7]

Answer;

C. Common in small businesses

Explanation;

-Unstructured Interview refers to an interview in which the questions to be asked to the respondents are not set in advance. These non-directive interviews are considered to be the opposite of a structured interview which offers a set amount of standardized questions.

-Unstructured interviews are much more casual and unrehearsed.  They depend on free flowing conversation which tends to focus on your personal qualities as they relate to the work.

5 0
3 years ago
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Home & More is considering a project with cash flows of −$368,000, $133,500, −$35,600, $244,700, and $258,000 for Years 0 to
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Answer:

Modified Internal Rate of Return (MIRR) is higher than the discount rate. Therefore, this offer should be accepted.

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