Define wages, Basic Statistics

Define Wages

Income is often associated with production workers (sometimes referred to as "blue-collar" workers), non-managers, and other workers whose pay is reliant on time worked. The pay for these workers is generally stated as a major, on per hour basis quantity, such as "$13.52 per hour." Again, the "gross" quantity represents the pay personnel would obtain before withholdings are made for such things as taxation, advantages, and savings plans.

Employees receiving wages are often paid regular or biweekly. To determine the major wages gained during a perform interval, the company increases each worker's on per hour basis quantity times the number of working time registered for the personnel during the perform interval. Due to the additional time required to make computations for each personnel, hourly-paid workers typically obtain their income approximately five times after the perform interval has finished.

When the hourly-paid workers have perform times that are regular or biweekly, but the organization's fiscal reports cover schedule months, the organization will likely have to prepare an accrual-type changing entrance at the end of the 30 days. If one per hour basis wages are a good portion of a organization's expenses, it is critical that the organization report the correct quantity of wages cost that concerns the 30 or 31 times in the 30 days, not the 28 times in a four-week perform interval.

Expertsmind.com offers unique accounting assignment help

Posted Date: 3/31/2012 3:55:24 AM | Location : United States







Related Discussions:- Define wages, Assignment Help, Ask Question on Define wages, Get Answer, Expert's Help, Define wages Discussions

Write discussion on Define wages
Your posts are moderated
Related Questions
state the advantage of expansion of solid

A. Use the inequality derived for part C question 3; to obtain an inequality required x *CD  = 1 to remain stable against DD invaders. Also draw the ROC diagram discussed in class

If q=2,TP=450 and AP=225, what is MP. How can I figure out what my marginal product will be?

From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal

how to find 1st quartile from the graph of more than ogive type, please reply me with an example

A study on the occurrence of line faults in an electricity supply network was carried out over a two-year period.  Data was collected from six regions on the number of faults per y

1. Provide a video or peer reviewed example analyzing the article and point out the Null, Alternative Hypothesis, and explain how z-testing was used.

Study A                              Study B r = .64                          r = .77 df = 18                         df = 121 p 1. In using the data from study A to m

who we complete accounting cycile

03 (a) Explain the term capital rationing and suggest the criteria to be used in ranking projects under capital rationing. (05) (b) There are three projects X Y and Z having follow