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
adell [148]
2 years ago
6

1. Assume that Lyn Addie is an unmarried employee. Her $1,000 of wages have deductions for FICA Social Security taxes, FICA Medi

care taxes, and federal income taxes. Her federal income taxes for this pay period total $159. Compute her net pay for the eight days’ work paid on February 26. (Round your answer to 2 decimal places. Do not round intermediate calculations.)
Business
1 answer:
fredd [130]2 years ago
5 0

Answer:

Net pay $764.5

Explanation:

given data

wages = $1000

income taxes  = $159

solution

particular                              net pay

Gross wages                        $1000

less  

Income taxes withheld         $159

FICA-social security             (1000×6.2%)    = $62

FICA-Medicare taxes           (1000×1.45%)   =       $14.5

Total taxes withheld             (235.5)

So, Net Pay                            $764.5

You might be interested in
What layout strategy deals with low-volume, high-variety production?A) fixed-position layoutB) retail layoutC) warehouse layoutD
inn [45]

Answer: What layout strategy deals with low-volume, high-variety production? E. Process-oriented layout

Explanation: A process oriented layout is used by companies to move items from one department of the company to another to keep the products moving in a sequenced fashion. An example of a process oriented layout is a clinic. When the patient first checks in, they wait in the waiting area. They next head back and usually get weight/height measurements and then head to the individual patients room. There are many steps in this process to work with the consumer.

6 0
2 years ago
In an electric motor, a commutator
Basile [38]

Answer:

ook

Explanation:

ook

4 0
2 years ago
Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at
klemol [59]

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

8 0
2 years ago
Which situation is most likely an indicator that an economy has reached a peak?
zhenek [66]

Answer:

The answer is A. After months of consistently raising, the unemployment rate stayed the same for two months in a row.

Explanation:

8 0
3 years ago
Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement.
Nitella [24]

Answer:

Accrual

Explanation:

The accounting principle of accrual means that you should register something when the fact that origins the right for the future payment/collecting occurs. It does not matter if the payment is done later, the fact that made you to pay was already done, so we apply accrual and say we already owe that money that we pay later.

In this example, Sally used the principle of accrual for the things in June that she later paid in July... but her expenses were origined in June, so they apply to June.

6 0
2 years ago
Other questions:
  • At the Sunny Solutions Company, employees are involved in decision making and promised long-term employment. The employees follo
    10·1 answer
  • The power of judicial review is one example of _____.
    13·1 answer
  • Successful employee participation programs include all of the following except Select one: a. a profit-sharing or gain-sharing p
    15·1 answer
  • On February 20 , 2018, Bill purchased stock in Pink Corporation (the stock is not small business stock) for $1,000. On May 1, 20
    15·1 answer
  • When Social Security was first instituted by President Franklin Roosevelt in 1935, the payroll tax rate on wages used to fund th
    5·1 answer
  • Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p
    12·1 answer
  • g 2. Two individuals, Susan and Bill, are involved in a bitter dispute over splitting a small prize of £1000. The prize donator,
    14·1 answer
  • What are the 6 types of government spending?
    9·1 answer
  • Employees who are part of the chain of command that is responsible for achieving organizational goals.
    6·1 answer
  • you were recently hired by a firm as a project analyst. the owner of the firm is unfamiliar with financial analysis and wants to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!