User Account

All Pages

Determine the scott net pay for the month

Assignment Help Accounting Basics
Reference no: EM133185558

Question - Scott is an employee at Company G and is paid monthly. For the month of January, he earned a total of $8,500. The tax for social security is 6.2% of the first $145,000 of employee earnings each calendar year and the tax rate for Medicare is 1.45% of all earnings.

The FUTA tax rate of .6% is applied on ALL Earnings. The SUTA tax rate of 5.4% is applied to the first $6,000 of an employee's pay. The amount of federal income tax withheld from Scott's earnings was $1,325.17. Determine the Scott's net pay for the month?

Reference no: EM133185558

Questions Cloud

Compute evelyn company weighted average cost of capital : Question - Evelyn Company supplies refrigeration equipment to hotels in the Caribbean. Compute Evelyn Company weighted average cost of capital
Compute the theoretical velocity in units per hour : Marshal Company has the following data for one of its manufacturing plants: Compute the theoretical velocity in units per hour
How many years will it take to repay the loan : Dolly has a mortgage on her house with a balance of $3,000,000 and the APR on the loan is 4%. How many years will it take to repay the loan
What is tyson cost of retained earnings : Tyson Foods expects to grow at a constant rate of 8% as long as it is in business. What is Tyson's cost of retained earnings
Determine the scott net pay for the month : The amount of federal income tax withheld from Scott's earnings was $1,325.17. Determine the Scott's net pay for the month
What is the effect compounding : Suppose you deposit $4000 in a savings account that pays 9 percent compounded annually. What is the effect compounding if you withdraw your funds after 15 years
What was the us dollar to british pound exchange rate : What was the US Dollar to British Pound (USD/GBP) exchange rate one year ago (May 2021) What is the US Dollar to British Pound (USD/GBP) exchange rate today
What is kerry budgeted sales : Kerry Koala Company sells Kerry Koala in two sizes: 12 ounce 32 ounce bottles, at a price of $1.00 and $2.25, What is Kerry budgeted sales
What is the market capitaliation rate and market net income : What is the Market Capitaliation Rate and Market Net Income Multiplier? According to the offering memo it produces 37,500 in net operating income

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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