Calculate his net take home pay assuming

Assignment Help Accounting Basics
Reference no: EM13913989

Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $160.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($700.00), and the employer withholds the appropriate taxes for the tips from this first pay in March.

Calculate his net take home pay assuming the employer withheld federal income tax (wage bracket, married, 2 allowances), social security taxes, and state income tax (2%).

Reference no: EM13913989

Questions Cloud

Field corporation produces : Field Corporation produces and sells two products. In the most recent month, Product C66G had sales of $20,000 and variable expenses of $7,200. Product U11T had sales of $19,000, and variable expenses of $8,400
The objections relating to loyalty to a present supplier is : The objections relating to loyalty to a present supplier is called reseller objection
Prepare the companys income statement for the year ended : Assume that Karib Corporation's chief financial officer gave you the given information. Prepare the company's income statement for the year ended June 30, 2014.
Marketing products to customers versus businesses : Marketing products to customers versus businesses - what are two differences?
Calculate his net take home pay assuming : Calculate his net take home pay assuming the employer withheld federal income tax (wage bracket, married, 2 allowances), social security taxes, and state income tax (2%).
Cmu clinic is considering : CMU clinic is considering purchasing
Discuss the variety of sales responsibilities and sales jobs : Discuss the variety of sales responsibilities and sales jobs (sales force operations) that exist. Provide an analysis of how your own organization (or another organization with which you have familiarity) utilizes sales force operations in reachin..
Prepare a trend analysis of the data that follow : Prepare a trend analysis of the data that follow, and tell whether the situation shown by the trends is favorable or unfavorable.
Balance sheet using the lifo method : Calculate the dollar amount of ending inventory shown on ABC's May 31 balance sheet using theLIFO method. Do not use decimals in your answer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Lantto air uses two measures of activity flights and

lantto air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance

  April and may formed a partnership on january 1 2011 april

april and may formed a partnership on january 1 2011. april contributed 180000 cash and equipment with a market value

  Three dry holes were drilled on surrounding leases

Three dry holes were drilled on surrounding leases

  Brace corporation uses direct labor-hours in its

brace corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year the

  Describe the purpose of lcm rule and accounting convention

the lower of cost or market lcm rule is used in the valuation of inventories. the lcm rule explains that if the

  The blue corporation started and completed 4800 units

the blue corporation started and completed 4800 units during february. blue started the month with 700 units in process

  Warranties accrual and cash basis

What amount, if any, is disclosed in the balance sheet as a liability for future warranty costs as of December 31, 2008, under each method?D.) which method b

  A company that was incorporated on january 1 of the current

a company that was incorporated on january 1 of the current year uses the installment method because it has no

  The following is selected information from alpha-beta-gamma

the following is selected information from alpha-beta-gamma corporation for the fiscal year ending october 31 2010.

  During the year it engaged in the following transactions

at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the

  Triway packaging corporation manufactures and sells a wide

triway packaging corporation manufactures and sells a wide variety of packaging products. performance reports are

  At december 31 2012 redmond company has outstanding three

at december 31 2012 redmond company has outstanding three long-term debt issues. the first is a 2033500 note payable

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd