Answer:
Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax
Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94
Explanation:
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$26,000
Explanation:
Revenue for Charlie's chocolate is $97,000
Expenses is $71,000
Therefore the net income can be calculated as follows
= revenue - expenses
= $97,000-$71,000
= $26,000
Hence the net income is $26,000
Answer:
Yes
Explanation:
Shareholders are the owner of a business (if it is a limited comapany) and managers and directors are appointed for key decision making. In this scenario managers are carrying out the function of entrepreneurs which is key decision making while shareholders are carrying out the function of investing capital.
A manager is involved in many decisions including:
plan - preparing for the future and create action points.
organise - having resources ready and putting plan into action.
command- ensuring employees are working.
co-ordinate - making sure all departments work together to achieve the end goal or objective.
