Calculate jim net paycheck for the period

Assignment Help Accounting Basics
Reference no: EM132680626

Problem 1: Suppose Jim worked 76 hours during his payroll period and is paid $11 per hour. Assume FICA is 6.2%, medicare is 1.45% and withholding tax is 10%. Calculate Jim's net paycheck for the period.

Reference no: EM132680626

Questions Cloud

What the cancellation of indebtedness may amount to a : If an individual performs services for a creditor who in consideration thereof cancels the debt, the Cancellation of indebtedness may amount to a
Develop a strategy to rehabilitate the public reputation : The first written assignment of the semester asks you to imagine that you are a former muckraker, who used to write articles for McClure's Magazine.
Explain the impact of these weaknesses on the audit : Identify and explain five (5) internal control weaknesses in the inventory count arrangements of Clearview. Explain the impact of these weaknesses on the audit
Compare and contrast c3 photosynthesis : Compare AND contrast C3 photosynthesis with C4 photosynthesis. What role does rubisco play in these plants?
Calculate jim net paycheck for the period : Calculate Jim's net paycheck for the period. Suppose Jim worked 76 hours during his payroll period and is paid $11 per hour. Assume FICA is 6.2%, medicare
Type of membrane protein : What are each type of membrane protein that is expressed on the surface of a mature naive B cell and explain what each protein does?
Define and give examples of autocrine : Define and give examples of autocrine, paracrine, synaptic, and endocrine signaling. Include citation(s).
Why do hollings type i functional responses : Why do Hollings Type I functional responses typically lead to mutual extinction and types II and III to a stable point?
Describe the situations that constitute a change : Describe the situations that constitute. Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting changes and error correction

Reviews

Write a Review

Accounting Basics Questions & Answers

  Did income before taxes for financial reporting exceed

Assuming Starbucks has no significant permanent difference between book income ans taxable income, did income before taxes for financial reporting exceed.

  Why parent entity prepare consolidated financial statement

Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right?

  Determine the overhead cost assigned to each product line

Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1.

  Who will be negatively impacted if you do comply

Who will be negatively impacted if you do comply? Provide a rationale for why these individuals will be impacted. What is one alternative that you could pursue.

  Financial accounting-periodic inventories

Olsen Company uses the periodic inventory method and had the following inventory information available for the month of November.

  Impact of new accounting pronouncements in the footnotes

1. Companies disclose the impact of new accounting pronouncements in the footnotes to their financial statements(Usually in the Summary of Significant Accounting Policies).

  Palm beach hotel accepts telephone reservations for rooms

palm beach hotel accepts telephone reservations for rooms during its summer tourist season but requires a 20 cash

  Prepare a balance sheet for cornell corp

Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $136,000; patents and copyrights = $630,000; accounts payable = $215,000;

  What type of account does the account balance represent

Banks rely heavily upon customers' deposits as a source of funds. Demand deposits normally pay interest to the customer, who is entitled to withdraw.

  An audit revealed that in determining these amounts the

an audit revealed that in determining these amounts the ending inventory for 2012 was overstated by 18000. the company

  Nexus star inc produces various kinds of oils one of its

nexus star inc. produces various kinds of oils. one of its product product x is made from castor oil beeswax aloe vera

  What is the amount and character recognized by Wilma

Wilma's income tax basis in each share is $7,900. What is the amount and character recognized by Wilma as a result of the stock redemption

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