Kenneth washingtons weekly gross earnings for the week

Assignment Help Accounting Basics
Reference no: EM13592216

Kenneth Washington's weekly gross earnings for the week ending December 18 were $1,230, and his federal income tax withholding was $270.60. Prior to this week, Washington had earned $99,300 for the year. Assuming the social security rate is 6% on the first $100,000 of annual earnings and Medicare is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places.

Reference no: EM13592216

Questions Cloud

During may all direct materials are transferred from : the inventory at may 1 and the costs charged to work in process--department b during may for stella company are as
On january 2 2011 well co purchased 10 of rea incs : on january 2 2011 well co. purchased 10 of rea inc.s outstanding common shares for 400000. well is the largest single
30 g of carbon are burned in a closed container under : 30 g of carbon are burned in a closed container under conditions of low oxygen. 70 g of carbon oxide forms. how much
Park co uses the equity method to account for its january 1 : park co. uses the equity method to account for its january 1 2011purchase of tun inc.s common stock. on january 12011
Kenneth washingtons weekly gross earnings for the week : kenneth washingtons weekly gross earnings for the week ending december 18 were 1230 and his federal income tax
An employee earns 40 per hour and 15 times that rate for : 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
Calculates the molarity of a calcium carbonate standard : calculates the molarity of a calcium carbonate standard solution that contains 0.2430 grams of calcium carbonate
A corporation uses the equity method to account for its 40 : a corporation uses the equity method to account for its 40 ownership of another company. the investee earned 20000 and
What is the journal entry to record income taxes income : lyons company deducts depreciation expense of 150000 for tax purposes in 2010 but the expense is not yet recognized for

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.

  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!

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