Determine the net pay of the ten employees during november

Assignment Help Accounting Basics
Reference no: EM133114473

Question - Marigold Party Rental has 10 employees who earned a total of $31000 in November ($3100 each). The applicable rates for CPP and El are 4.95% and 1.66% (ignoring annual exemption) respectively. Income tax withholdings amount to $6500. Determine the net pay of the 10 employees during November?

Reference no: EM133114473

Questions Cloud

Explain the three budgeting methods : Explain the three budgeting methods (Payback Period, NPV, IRR). Include details and examples so your investors can understand the advantages and disadvantages
How can you detect this earnings management activity : Who will be affected by this proposed action and why? If you are the analyst of the company, how can you detect this earnings management activity
What is your break-even price : What quantity of copiers sale would you want? What is your break-even price?
What is the value of the bond in terms of stock : Given the information below, answer the following questions.
Determine the net pay of the ten employees during november : Marigold Party Rental has 10 employees who earned a total of $31000 in November ($3100 each). Determine the net pay of the ten employees during November
Spreadsheet and calculation of projected cash flows : Penn Printing is considering opening a new production facility near Erie, PA. In deciding whether to proceed with the project, the company has gathered the foll
Finding one unit of oil and gold : Imagine two companies, Oil Inc. and Gold Inc., which invest in exploration activities. The probability of ?nding one unit of oil and gold, respectively, is the
Development of new antimicrobial drugs : Discussing how known mechanisms of microbial resistance could affect the development of new antimicrobial drugs
Strategies for competing in international markets : Describe strengths and opportunities about "strategies for competing in international markets" and "ethics, corporate social responsibility, environmental susta

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is consolidated net income

Without regard for this investment, Keefe earns $300,000 in net income during 2006. What is consolidated net income for 2006?

  What is the output in equivalent units for march

The blending department had the following data for the month of March: Total manufacturing costs $69,840. What is the output in equivalent units for March

  What is the implication of having the disclosure

What are the advantages and disadvantages of having the FASB as opposed to Congress develop GAAP on oil and gas reserves? What is implication of disclosure

  Analyse the assumptions behind public interest

Analyse the assumptions behind public interest, private interest and capture theories and evaluate which one best explains each of the comment letters

  Find the number of units to breakeven

When sales were 70,000 units, the company had a profit of P1.20 per unit. Find the number of units to breakeven

  Interpret the october direct labor variances

After evaluating Zero Company's manufacturing process, management decides to establish standards of 1.5 hours of direct labor per unit of product.

  Describe the different kinds of fraud andthe fraud triangle

Describe the different kinds of fraud andthe Fraud Triangle, an auditor's responsibility to identify and assess fraud.Describe the specific risks

  Calculate the current ratio

Use the following information to answer items 1-3: SHOW YOUR WORK At December 31 a company's records show the following information:

  Describe the nature of the income summary account

Describe the nature of the Income Summary account and identify the types of summary data that may be posted to this account.

  Prepare the intangible asset section of the December

On June 30, 2021, Epstein completed the acquisition of the Johnstone Corporation for $2,360,000 in cash. Prepare the intangible asset section of the December

  Prepare the journal entries for the issuance of the bonds

XYZ Company is building a new hockey rink at a cost of $1,500,000. Prepare the journal entries for the issuance of the bonds

  Prepare a bank reconciliation to calculate

Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2015.

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