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
Define various methods in accounting, specifications and procedures.

This week, you have learned about how to use Cronbach's alpha as a measure of scale reliability. In this Application, you will calculate Cronbach's alpha for provided data. To p

1. Name several entities, attributes, activities, events, and state variables for the following systems: (a) A cafeteria (b) A grocery store (c) A laundromat (d) A fast

Let the national income model be: Y= c+1+G C=20+0.6y I=0.2y G=20 Where y= income, C= consumption, I= investment and G=government expenditure find y, C and I from the model. By quan


Hanks Western Wear is a western hat retailer in Lubbock, TX.  Though Hanks carries various styles of western hats, every hat has approximately the similar price and invoice (purcha

Isotopes Elements having same atomic number Z, but different A mass number for example 126C, 146C and 11H 21H, 31H are isotopes of carbon and hydrogen.

Explain Bond discount The excess of the countenance worth of a bond over the price for which it is acquire or sold resulting from a disparity between the marketplace rate of inter

In 2009, the average number of runs scored in the National League was approximately 4.5 per team. Therefore, a team has done an adequate job with its offense if it scores at least

The BBC hosts a homophone quiz on its website; your task for this lab is to develop an automatic method for completing the quiz, with the aim being to get as high a score as possib