User Account

All Pages

At what date and how much will be paid for income tax

Assignment Help Financial Accounting
Reference no: EM132943618

Question - Company has a fortnightly payroll of $200,000. On average, 50% of the employees take their full entitlement of two weeks sick leave, 30% take half of their full entitlement and 10% take only one day of sick leave per year.

The company deducts 20% income tax and 10% for superannuation. All deductions are paid out by the 15th of the following month.

Assume the pay period ends on Friday 3rd July and the financial year ends on 30th June.

At what date and how much will be paid for income tax?

Reference no: EM132943618

Questions Cloud

Make entries the financial year end at the december : Make entries at the December 31, 2018, the financial year end. Hint: calculate the carrying value at March 1, 2019 and prorate the amortization.
Calculate the auschamp bond price one year : Calculate the Auschamp's bond price one year later from today (t=1). What are the factors affecting bond's yield
Make the journal entries required to record ahmed admission : Prepare the journal entries required to record Ahmed's admission under each of the Ahmed invests $200,000 for a 1/4 interest. The total firm capital.
What are the risks of inadequate audit documentation : Question - Discuss some of the important features of audit documentation. What are the risks of inadequate audit documentation
At what date and how much will be paid for income tax : Assume the pay period ends on Friday 3rd July and the financial year ends on 30th June. At what date and how much will be paid for income tax
Prepare the working paper in journal entries format : Prepare the working paper in Journal entries format for 2015 and 2016? In 2019, X company (the 90%-owned subsidiary) sold merchandise to Y Company
What is the typical fraud perpetrator profile : What was the most common antifraud measure used by respondents to the ACFE's National Fraud Survey? what is the typical fraud perpetrator profile?
What are the main costs and benefits related to disclosure : Question - Who are the suppliers and consumers of financial reporting? What are the main costs and benefits related to disclosure
Draw a dependency diagram for data : The materials manager at Pine Valley Furniture Company maintains a list of suppliers for each of the material items purchased by the company from outside vendor

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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