What is sean net pay

Assignment Help Accounting Basics
Reference no: EM131711916

Question - Sean's gross pay for this month is $9,150. His gross year-to-date pay, prior to this month, totaled $112,500. Sean's rate for federal income tax is 28%. His voluntary deductions total $1,050. What is Sean's net pay? (Assume an OASDI rate of 6.2%, applicable on the first $117,000 earnings, and a Medicare rate of 1.45%, applicable on all earnings.) Show your calculations.

A) $6,176.32

B) $5,538.00

C) $6,588.00

D) $5,126.32

Reference no: EM131711916

Questions Cloud

Nature grocers mission is to support health : Nature Grocers mission is to support health and well-being of our customers, our employees, communities and our planet by providing high quality natural foods.
Show percentages of people who expressed belief : Ghosts. A May 2001 Gallup Poll found that many Americans believe in ghosts and other supernatural phenomena. The poll was based on telephone responses from.
Define what does it mean to be a woman in our society : What does it mean to be a woman in our society. What kinds of social roles are perceived to be appropriate for women
Why each place you selected would be a viable option : Explain why each place you selected would be a viable option for recruiting employees. Write clearly and concisely about HRM using proper writing mechanics.
What is sean net pay : Sean's gross pay for this month is $9,150. His gross year-to-date pay, prior to this month, totaled $112,500. What is Sean's net pay
Money to spare on frivolous employee benefits : Your company has no money to spare on frivolous employee benefits.
Critique your performance and execution of the cdm : Critique (i.e. self-analyze) your performance and execution of the CDM steps while being as candid and self-critical as possible.
Discuss what can planned self be used for : What can planned self be used for. In other words, why would you plan out self talk
Describes the transformation of gwinnett county : Ehrenhalt describes the transformation of Gwinnett County in the 1990s into an enclave of immigrants.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is meant by off balance sheet liabilities in article

What are the main differences between IAS 17 (AASB 117) and the new IFRS 16 (AASB 16) from the lessee perspective? What is meant by ‘off balance sheet liabilities' in the article

  Appropriate null and alternative hypotheses

If the reporter were to subject the president's statement to statistical scrutiny by questioning a sample of the company's residential customers, would the test be one-tail or two-tail? What would be the appropriate null and alternative hypotheses..

  Probability that a randomly picked student

A survey was conducted asking 200 randomly chosen Purdue students what sports they enjoyed among football, basketball and hockey. The results are summarized below. 20 students said they like none of the sports listed. 30 students said they like al..

  A building was purchased on january 1 1998 for 240000 and

a building was purchased on january 1 1998 for 240000 and straight line depreciation method was used. it was estimated

  Briefly discuss the operating performance

Briefly discuss the operating performance and financial positions of Sepracor Industry averages for these ratios in 2007 were ROA 3.5%; Return on Equity 16%; and Debt to Assets 75%. Based on this analysis, would you make an investment in the compa..

  What is the carrying value of the bonds

What is the carrying value of the bonds on June 30, 2009?

  Application of the financial statement

Students will prepare a two to three (2-3) page response to the following: • Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.

  Determining the tax purposes

The remaining partners are comfortable with the payments, however, because Alvin brought in a large percentage of the firm's clients over the years, and thus is responsible for a large part of the firm's revenues, even after he retires. How will t..

  What is the number of shares outstanding

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

  Absorption-costing income statement

The gross margin that the company would disclose on an absorption-costing income statement is:

  What do you predict will be the total cost of property taxes

Listed here are the total costs associated with the 2011 production of 1,000 drum sets manufactured by NeatBeat. The drum sets sell for $300 each.

  Prepare the entries and present the investment account

Assume the same information as in the previous problem, except that Parent has no "significant influence." Prepare the entries and present the investment account.

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