Calculate Judy Net Pay

Assignment Help Accounting Basics
Reference no: EM132769403

Question - Judy Jo works for Kalish Manufacturing Company in St. Jean, Québec. Judy earns $29,900.00 annually and is paid on a weekly basis. His federal TD1 claim code is 2 and his TP-1015.3-V deduction code is B. Judy is a unionized employee and pays 3% of his base salary in union dues every pay period. Kalish provides their employees with life insurance coverage of twice annual salary and pays 100% of the cost of the coverage. The life insurance premium rate is $0.75 per $1,000.00 of coverage per month; this rate does not include the 9% tax on insurance premiums. The employees pay 100% of the cost of their health and dental coverage; Judy's premiums for family health coverage are $52.00 per month and his family dental premiums are $91.00 per month. The health and dental premium costs are inclusive of the 9% tax on insurance premiums. Both the employer's and the employee's insurance costs are calculated on a pay period basis. Judy also voluntarily participates in a social club which costs $104.00 a year, deducted on a pay period basis. Calculate Judy's Net Pay?

Reference no: EM132769403

Questions Cloud

Prepare and interpret a cash budget for the months of May : Grenoble Enterprises had sales of $50,000 in March and $59,600 in April. Prepare and interpret a cash budget for the months of May
About business plan development : Knowing your audience is one of the initial steps to being able to create a persuasive argument. Given that this class is about business plan development,
Journalize these transactions for Sampson Co : Sampson Co. sold merchandise to Batson Co. on account, $30,600, terms 2/15, net 45. Journalize these transactions for Sampson Co
Prepare the cost of goods sold section of income statement : Prepare the cost of goods sold section of the income statement for the year ended April 30, 2020. Use the periodic inventory system
Calculate Judy Net Pay : Judy also voluntarily participates in a social club which costs $104.00 a year, deducted on a pay period basis. Calculate Judy's Net Pay
Compute the under- or overapplied overhead for the year : A company has a plantwide overhead of $400,000. For the year the actual overhead was $385,000. Compute the under- or overapplied overhead for the year
Find information on Privacy Act : Use the Internet to explore and find information on the Privacy Act of 1974. State what components of the act apply to Federal agencies.
Community health issue : What program model would result in the best outcomes for your chosen community health issue?
What is the significance of having set targets : A program objective can provide the groundwork for program planning. What is the significance of having set targets?

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