What Employee AA net pay for the month is

Assignment Help Financial Accounting
Reference no: EM132869257

Question 1: Employee AA is paid monthly. For the month of January, she earned a total of $8,260. The tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of .6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from Employee AA's earnings was $1,325.17. Employee AA's net pay for the month is

Reference no: EM132869257

Questions Cloud

Caterpillars current competitive advantages-disadvantages : Assess what caterpillar inc.'s current competetive advantage and disadvantages are by considering their business partners, allies, and general operations.
What the correcting entry would include : What the correcting entry would include? Early in 2018, Arbor Tree Service discovered that a five year insurance premium payment of $750,000.
History of health care facility design : Summarize the history of health care facility design. Describe the use of evidence-based design in health care facility planning.
Recommend amazon growth strategy : How and what to write Vision and Mission in consultancy report to recommend Amazon's Growth Strategy from now until 2026 in the context of the opportunities
What Employee AA net pay for the month is : What Employee AA's net pay for the month is? Employee AA is paid monthly. For the month of January, she earned a total of $8,260.
Describe fundamental safety and health principles : Describe the fundamental safety and health principles behind the control of hazardous energy standard.
Approaches for amazon growth strategy 2026 : How to apply Blue Ocean Strategy tools and approaches for Amazon growth strategy 2026 in terms of Industry 4.0?
Briefly discuss the concept of diminishing returns : Question - Briefly discuss the concept of diminishing returns and why it is important to understand this concept as a manager
Problems in the global marketplace : Select a well-known US Business that has had problems in the global marketplace. It could be a cultural issue, or a legal issue or an ethical issue

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd