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irina [24]
3 years ago
15

Padraig receives total employment compensation of $70,000 and had $2,000 in job expenses. Which of the following could be true a

bout Padraig’s gross pay and total employee benefits?
a. His total employee benefits are 2. 8% of his annual gross pay of $72,000.
b. His total employee benefits are 2. 9% of his annual gross pay of $68,000.
c. His total employee benefits are 12. 5% of his annual gross pay of $64,000.
d. His total employee benefits are 13. 3% of his annual gross pay of $60,000.
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

The option that's true about Padraig’s gross pay and total employee benefits is "His total employee benefits are 12.5% of his annual gross pay of $64,000"

His annual gross pay is $64,000, his employment benefits will be:

= 12.5% × $64000

= 12.5/100 × $6400

= 0.125 × $64000

= $8000

Therefore, the annual compensation will be:

= $64000 + $8000

= $72000

In conclusion, the correct option is C.

Read related link on:

brainly.com/question/23770424

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If you needed financial advice, whom would you ask? Why?
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6 0
3 years ago
In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general
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Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

5 0
3 years ago
Crestfield leases office space. On January 3, the company incurs $23,000 to improve the leased office space. These improvements
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Answer:

Amortization expense $11,500

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(Being the expenses for the first year is recorded)

Explanation:

The journal entry is as follows

Amortization expense $11,500

   To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

The computation is shown below:

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3 years ago
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Answer:

RE decrease: 1,960,000

Explanation:

Retained earnings will decrease for the total amount of the dividends.

<u>stocks dividends</u>

560,000 shares

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