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Luda [366]
3 years ago
5

An employee earned $4,600 in February working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,4

00 earned during each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The employee has $644 in federal income taxes withheld and has voluntary deductions for health insurance of $50 and contributes 10% of gross pay to a retirement plan each month. The employer pays the $200 remainder of the health insurance premium and an equal amount of contribution to the retirement fund. What is the amount of net pay for the employee for the month of February?
$3,094.10

$2,634.10

$3,446.00

$3,604.10

$3,496.00
Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

Net Pay $3094.10 is the answer.

Explanation:

Gross pay $4600

Less: Social Security (4600*6.2%) 285.20

Less: FICA (4600*1.45%) 66.70

Less: Federal tax withheld 644

Less: contribution for health insurance 50

Less: contribution for retirement plan (4600*10%) 460

Net Pay $3094.10

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You are involved in a car accident and a stranger contacts you offering a quick cash settlement and doesn’t want to deal with th
soldi70 [24.7K]

Answer:

The answer depends on 2 vital elements

1. whether there are injured/dead people - you cannot accept the money. you must inform BOTH the Insurance company and the Police. otherwise it is a hit and run, which is a criminal offence and you will be penalized.

2.or there are no injured/dead people - then take the money and settle the dispute

Explanation:

Dealing with insurance companies is not a legal requirement and depends on your choice.

BUT,

if a person is injured or dead because of the accident, then not only should you inform the insurance company, but also you should inform the legal authorities (Police).

so, as I mentioned about, if it is just your car a and stranger's car that is damaged, then you can settle it without involving the insurance companies.

if a person or another party is involved, then you cannot!

hope this helps!

4 0
2 years ago
Prices are high at hotels when it is low season in a tourist destination.<br><br> True<br> False
Anni [7]
False !! it will be low in low season !!
5 0
3 years ago
Read 2 more answers
A company found that an experienced surveyor can survey a roadbed in 33 hours. an apprentice surveyor needs 88 hours to survey t
UkoKoshka [18]
<span>1/33 + 1/88 = 1/X 264(1/33 + 1/88) = 264(1/X) 8 + 3 = 264x 264/11 = 24 X = 24 hours You add the 2 amounts from both workers. Then you multiply both sides of the equation by 264 to get a common denominator. Then solve for x for the answer of 24 hours.</span>
4 0
3 years ago
Roberts Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $
taurus [48]

Answer:

The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

3 0
3 years ago
which of the following is not typically involved in rescheduling activities of a troubled sovereign loan? group of answer choice
Margarita [4]

Shortening the repayment schedule is not typically involved in rescheduling activities of a troubled sovereign loan.

Governments of independent political entities can issue debt, typically in the form of securities, known as sovereign debt.

Unique risks associated with sovereign debt are not present in other forms of lending.

The creditworthiness of sovereign debtors and the securities they issue is frequently rated by a number of private agencies.

Economies and political systems that are stable are often seen as having better credit risks, enabling them to borrow on more favorable terms.

Governments incur sovereign debt through the issuance of bonds, notes, and other debt instruments as well as by the borrowing of funds from other nations and international institutions like the International Monetary Fund.

Foreign currencies as well as domestic ones may be used to pay off sovereign debt, which may be due to outsiders or to the nation's own population.

To know more about International Monetary Fund click here,

brainly.com/question/9250541

#SPJ4

8 0
1 year ago
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