What is the amount of net pay recorded by sid

Assignment Help Accounting Basics
Reference no: EM131695645

Question - Payroll Taxes - Sid's Grocery Store has 100 employees who earn a wage of $18.75 per hour. Each of Sid's employees has worked a total of 160 hours over the month of July. At the time of recording July's monthly payroll, the following amounts have been withheld: Also, the unemployment tax rate is 2% and applies to all but $30,000 of the gross payroll.

Required: What is the amount of net pay recorded by Sid's?

Reference no: EM131695645

Questions Cloud

Very competent at playing piano : "The child's parents wanted the child to pass the proficiency tests at each level to certify that the child is very competent at playing piano.
Analyze the buying process for an online product or service : In this assignment, you will research and analyze buying process for an online product or service, with which you are familiar, from a business point of view.
Witherspoon has enhanced his treatment of executive coaching : Witherspoon has enhanced his treatment of the executive coaching by ______. The essence of Witherspoon’s double coaching is ______.
Discuss strategies to build culture : Select a strategy that can be used for building relationships within an educational or work setting. After selecting this strategy
What is the amount of net pay recorded by sid : Payroll Taxes - Sid's Grocery Store has 100 employees who earn a wage of $18.75 per hour. What is the amount of net pay recorded by Sid's
Conduct test of the bacteria count in the water : Before a beach is declared safe for swimming, a test of the bacteria count in the water is conducted with the null and alternative hypotheses formulated.
Discuss organization prepare for anticipated surpluses : What labor force trends might influence a firm's staffing planning, in your opinion
Controversial pieces of corporate legislation in history : Why may the Sarbanes-Oxley Act of 2002 be regarded as one of the most controversial pieces of corporate legislation in recent history?
Define what constitutes a related party : In your audit of Canyon Outdoor provision Company's financial statements, Define what constitutes a "related party"

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