Solution-Calculate deduction for hi

Calculate deduction for hi

Assignment Help Cost Accounting

Reference no: EM13555517

Ken Gorman is a maitre d' at Carmel Dinner Club. On February 5, his gross pay was $800 (three days working, one paid vacation day, and one paid sick day). He also reported to his employer tips of $900 for the previous month (applicable taxes to be deducted out of his pay). Gorman belongs to the company's 401k plan and has 5% of his gross pay ($800) deducted each week (salary reduction). Carmel Dinner Club also provides matching contribution ($40) into the plan for Gorman. Calculate deduction for OASDI (based on 2012 4.2%) Calculate deduction for HI (based on 1.45%)

Reference no: EM13555517

Questions Cloud

Explain sbcl6- with h2c2o4 and thioacetamide : In the qualitative analysis of antimony, please assist with net ionic equations for Sb3+ with thioacetamide, Sb2S3 with NaOH, Sb2S3 with conc. HCL, and SBCl6- with H2C2O4 and thioacetamide.

Accounting in action business insight : Net income is not the same as net cash provided by operating activities. The differences are illustrated by the following results from recent annual reports (all data are in millions of dollars).

Find horizontal distance between his initial and final point : A diver springsupward from a board that is three meters above water. At an instanthe contacts the water his speed is 9.20 m/s and his body makes anangle of 78.0owith respect to the horizontalsurface of the water.

Determine the height of the cylinder of air in the bucket : If the temperature is the same at the surface of the lake and at a depth of 20.0m below the surface , what is the height of the cylinder of air in the bucket when the bucket is at a depth of 20.0m below the surface of the lake

Calculate deduction for hi : Carmel Dinner Club also provides matching contribution ($40) into the plan for Gorman. Calculate deduction for OASDI (based on 2012 4.2%) Calculate deduction for HI (based on 1.45%)

What is the temperature of the water in the first pot : Heat continues to be supplied to the two pots at constant rates beyond the time when they have equal temperature. When the water in the second pot reaches 80°C, what is the temperature of the water in the first pot

Show effect of each transaction on the accounting equation : Show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the right-hand margin.

Explain the four business strategies : 1. Explain the four business strategies, what each one emphasizes, how they are achieved, and their key issues and training implications.

Find the tension in the string between pulley and cart : A 350 g air track cart on a horizontal air track(no friction) is attached to a string that goes over a pulley with a moment of inertia of 6.00*10^6 kg.m^2 and radius of 1.35 cm. find the tension in the string between the pulley and the cart

User Account

All Pages

Calculate deduction for hi

Reference no: EM13555517

Reference no: EM13555517

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT