User Account

All Pages

The amount of his pay subject to the garnishment

Assignment Help Accounting Basics
Reference no: EM13913648

Garrett Hudson earned $895 this week. The deductions from his pay were as follows:

FIT................. $95.00
FICA OASDI............. 37.59
FICA HI............... 12.98
State income tax............ 27.75
State disability insurance........ 6.71
Health insurance premium......... 31.00
Credit union contribution ....... 50.00
United Fund contribution ....... 10.00

Hudson's employer just received a garnishment order (credit card debt of $2,140) against his pay. Compute the following:

a. Hudson's disposable earnings . . . $_____________

b. The amount of his pay subject to the garnishment . . . . . . . . . . . ...$_____________

Reference no: EM13913648

Questions Cloud

Give two examples of management communication : Give two examples of management communication through corporate actions (things that they do instead of things they say) that convey information to shareholders. Explain what information is conveyed through those actions.
The court of law to accuse the former manager : The computers Pty Ltd has no chance under the court of law to accuse the former manager for soliciting funds from the customers, if the manager does not use the name of the company that is the Pty Ltd for soliciting customers then the customers shoul..
Prepare an incremental analysis : Anna Garden recently opened her own basket weaving studio. She sells finished baskets in addition to the raw materials needed by customers to weave baskets of their own. Anna has put together a variety of raw material kits, each including materials a..
In a merger and acquisition transaction : In a merger & acquisition transaction, target firm’s shareholders mostly like to get cash for their shares. Explain why. Give two reasons why in some situations they would like to get paid with acquirer shares instead.
The amount of his pay subject to the garnishment : Garrett Hudson earned $895 this week. The deductions from his pay were as follows:
Rate trading at a premium or discount relative to spot rate : Assume that interest rate parity holds and that 90-day risk-free securities yield 3% in the United States and 3.6% in Germany. In the spot market, 1 euro equals $1.38 dollar. Is the 90-day forward rate trading at a premium or discount relative to the..
Mattola company is giving each of its employees a holiday : Mattola Company is giving each of its employees a holiday bonus of $100 on December 20 (a non payday). The company wants each employee's check to be $100. The supplemental tax percent is used.
Expansion project-requires initial fixed asset investment : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.49 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be w..
International nonprofit : One World Not Three (OWNT) Relief Fund is an international nonprofit relief agency based in the United State OWNT recently celebrated its tenth anniversary and is in the middle of trying to expand its operations and funding sources.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accelerated method of calculating depreciation

A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a

  Three different plans for financing

Three different plans for financing a 10,000,000 corporatio

  Effectiveness of the salespersons product

Distributors act in a different capacity to agents as they actually buy and sell the goods, whereas agents work principally on commission and international marketing relates to companies whose business interests, manufacturing plants and offices ar..

  The following information pertains to crystal incs

the following information pertains to crystal inc.s portfolio of investments for the year ended december 31 2010

  During january the companys employees earned wages of 75220

accounts payable 45910sales taxes payable 6855unearned service revenue 21120during january the following selected

  What is the period that government paid itnerest runs

On April 3, 2008, Mark filed his 2007 Income tax return, which showed a tax due of $80,000. On June 1, 2010, he filed an amended retrun for 2007 that showed an additional tax of $10,000. Mark paid the additional amount. On May 18, 2011, Mark filed..

  Morales company recorded the following selected transactions

Morales Company recorded the following selected transactions during November 2013.

  Company total net operating income

It is estimated that $38,400 of these fixed expenses could be eliminated if the department is discontinued. These data indicate that if the department is discontinued, the company's overall net operating income would:

  Recording journal entry-wage accrual and reversal

August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.

  Journal entry to record the purchase by broadcourt

1.On January 1, 2013, Instaform, Inc., issued 10% bonds with a face amount of $50 million, dated January 1. The bonds mature in 2032 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually.

  Greater corporation acquired all of the stock of lesser

greater corporation acquired all of the stock of lesser corporation in 2009 and the entities have filed a state and

  The percentage of completion method for revenue recognition

After reviewing the percentage of completion method for revenue recognition, discuss some of the inherent problems related to misrepresentation of income that come with using this method. Provide some actions that could be taken (internal or ex..

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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