Compute her net pay for her September

Assignment Help Accounting Basics
Reference no: EM133003289

Question - Jane Heinlein is the payroll accountant for Sia Lights of Carter, Nebraska. The employees of Sia Lights are paid biweekly. An employee, Melinda Gunnarson, comes to her on September 14 and requests a pay advance of $935, which she will pay back in equal parts on the September 28 and October 12 paychecks. Melinda is single with 0 withholding allowance and is paid $38,220 per year. She contributes 1% of her pay to a 401(k) plan and has $50 per paycheck deducted for a court-ordered garnishment.

Required - Compute her net pay for her September 28th paycheck. The state income tax rate is 5.01%. Use the wage-bracket tables in Appendix C to determine the Federal income tax withholding amount.

Reference no: EM133003289

Questions Cloud

How much will a television set cost one year from now : If the monthly inflation rate in our country were to remain constant at 1.13%, how much will a television set cost one year from now
What are the names of the three functions of accounting : ABC Ltd is considering undertaking a project, which will involve an initial outlay of Rs.3,00,000. What are the names of the three functions of accounting
Define the meaning of emotional intelligence : Explain the importance of self- awareness and emotional intelligence, and analyse its impact on professional competencies - Emotional Intelligence
What is the basic difference between accounting and auditing : The underlying expense of the venture would be Rs. 800,000. What is the basic difference between accounting and auditing
Compute her net pay for her September : Melinda is single with 0 withholding allowance and is paid $38,220 per year. Compute her net pay for her September 28th paycheck
What is net income using full costing : In addition, the company has fixed selling and administrative costs of $162,600 per year. What is net income using full costing
What is the balance in the manufacturing overhead : Budgeted production included 17,750 units and 14,200 machine hours. What is the balance in the manufacturing overhead
How much will Mike balloon payment be in eight years : There were no other transaction costs or finance charges. How much will Mike's balloon payment be in eight years
Calculate market-book ratio : Symphony Corp.'s stock price at the end of last year was $74.82, and the company's book value per share was $44.53. Calculate market/book ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the maturity date for this short-term liability

A $40,000, interest-bearing note payable is signed on December 26, 2002. If the note is a 120-day note, what is the maturity date for this short-term liability

  What is her recognized gain

Shortly after the condemnation, Mia purchases another warehouse as a replacement. What is her recognized gain if the new property cost $280,000

  What would be the revised net operating income per month

Consider each case independently. What would be the revised net operating income per month if the sales volume increases by 50 units

  How differences in industries affect presentations

Write a 1,050-word paper discussing how differences in the industries and different measurement conventions affect presentations.

  Determine the balances of the partners capital accounts

On March 1, 2011, Abbey and Dames formed a partnership. Abbey contributed $88,000 cash and Dames contributed land valued at $70,000 and a building valued.

  Recommending a transfer price

Recommend a transfer price and explain your reasons for choosing that price.

  Calculate the cost of the program

Calculate the cost of the program. Complete the Decision Package template for the proposed program including a title and brief overview of the program

  Identify the tax consequences on the sale or exchange

Identify the tax consequences on the sale or exchange of the land consistent with the capital gains rulesDescribe the after tax effects on the client's cash flow based on teh sale ofthe land.

  They pay 60 with cash the month it is incurred they pay for

a company has operational expenses of the followingjan - 250000feb - 350000mar - 275000apr - 250000may - 225000they pay

  Develop a checklist of five areas or issues which you would

you have been approached by a local lumber producer who specializes in buying logs that have been thinned from the

  What is the discount or premium on the new note payable

The present value of an ordinary annuity of 1 at 10% for three periods is 2.49. What is the discount or premium on the new note payable on December 31, 2019

  What is the additional profit to the firm

A firm makes two products: frying pans and saucepans. If the firm sells 10o more saucepens, what is the additional profit to the firm

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