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An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross payprior to the current week totaled $58,000. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $644.
If required, round your answers to two decimal places.a. Determine the gross pay for the week.b. Determine the net pay for the week.
A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans?
corporation purchased a new delivery truck for 35000. the sales taxes are 2700. the logo is painted on the side of the
Conduct a Value Chain analysis to identify value-creating activities. Determine if the company has a sustainable competitive advantage, supporting your claim(s) or recommending action(s).
Angela Moss and Autumn Barber organize a partnership on January 1. Moss's intial net investment is 75,000 consisting of cash 17,500, equipment 82,500 and note payable reflecting a bank loan for a new business 25,000. Barber's initial investment is..
identifying and correcting internal control suppose a car dealership is opening a regional office in texas. linda
in july 2011 financial media reported that glencore international plc a large swiss-based multinational producer of
The individual accounting records
pearson began 2012 with 30000 1 common shares issued and outstanding. paid in capital in excess of par was 25000 and
the owner of a small business has asked you to prepare a statement that will show him where his firms cash came from
United, Inc., a U.S. corporation, entered into a contract on November 1, 2007 to sell two machines to International Company, for 80,000 foreign currency units (FCU). The machines were to be delivered and the amount collected on March 1, 2008.
Many reasons exist to conduct a fraud investigation, but the specific objectives usually involve obtaining evidence for one or more of the following purposes:
simon construction company uses a job costing system. it applies overhead to jobs at a rate of 60 percent of direct
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