Solution-Calculate the net pay of the employee

Calculate the net pay of the employee

Assignment Help Accounting Basics

Reference no: EM133166903

Question - An employee earns $110,000 per year and is paid on a BI-WEEKLY pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use (cost is $150 per month) and receives 6% vacation pay on each payment. This pay cycle included 15 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $434.20. The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle. Calculate the net pay of the employee?

Reference no: EM133166903

Questions Cloud

Consumers on digital marketing in the hospitality : Research on The perception of consumers on digital marketing in the hospitality sector in Gauteng.

Different types of random sampling methods : Describe examples in which stratified sampling and cluster sampling should be used. Does God provide sampling methods?

Element of individual behavior : Some people tend to think of programmers as lacking social skills, not caring too much about their appearance, preferring to work alone, and, in short, being ne

Causes and consequences of political behavior : We are immersed and surrounded by these principles every day of our lives. What are the causes and consequences of political behavior?

Calculate the net pay of the employee : The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle. Calculate the net pay of the employee

Best predictor of good job performance : Based on the job description, which of these personality traits would likely be the best predictor of good job performance for the job of warehouse worker?

Find an article on a recent ma transaction : Find an article on a recent (

How much is joaquin budgeting for dividends : The company follows a constant payout ratio dividend policy. Based on this year's net income forecast, how much is Joaquin budgeting for dividends

Understanding of human behavior theories : Explore how an understanding of human behavior theories would assist their employer organization in achieving strategic goals.

User Account

All Pages

Calculate the net pay of the employee

Reference no: EM133166903

Reference no: EM133166903

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT