User Account

All Pages

Determine the total payroll liability for bravo zulu

Assignment Help Accounting Basics
Reference no: EM131730105

Question - Charlie Delta, an employee of the Bravo Zulu Company is paid by cheque on each payday and earns $15 per hour. Charlie worked 50 hours the week ending February 26, 2016. Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate. Payroll liabilities are paid at the end of each quarter. The following apples to all of Charlie's wages for this period:

Item Rate/Amount

Social Security taxes 6.0%

Medicare/Medicaid taxes 1.5%

Federal Income Taxes withheld $210

State Income Taxes withheld $50

All this week's wages were subject to:

Item Rate/Amount

Federal Unemployment Tax 0.5%

State Unemployment Tax 3.0%

Use this information to determine for the February 26 pay period:

1. Charlie's Net Pay

2. Bravo Zulu's employer payroll tax expense

3. Total Payroll Liability for Bravo Zulu

Reference no: EM131730105

Questions Cloud

Probability of completing the project over : What is the probability of completing the project over 40 days
How much was total variable cost and total fixed cost : For the two noted cost items, how much was total variable cost and total fixed cost
Mortgage or a 30-year mortgage : You are purchasing a business building valued at $317,000. You can find a mortgage at 6.9% if you can put 17.5% down.
Describe how to find the exact p-value in a test : Describe how to find the exact p-value in a test of H0: p = .25 versus Ha: p > .25 when the sample size is n = 50 and we have observed X = 17 successes.
Determine the total payroll liability for bravo zulu : Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate. determine the Total Payroll Liability for Bravo Zulu
Define the economic-order-quantity method : wants to start using the economic-order-quantity method and its supporting decision elements
Part of the evaluation of reasonableness of the pursuit : When a police vehicle pursuit occurs, the condition that will be part of the evaluation of ‘reasonableness” of the pursuit is:
What is the current price of the stock : Assuming a required return of 14%, what is the current price of the stock?
Probability of a correct answer on each question : A multiplechoice test consists of 15 questions with four choices each. The teacher wants to test the hypothesis that a student is just guessing.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Primary disadvantage of accrual accounting

The primary disadvantage of accrual accounting is that A. it does not match revenues and expenses in the period in which they are incurred B. it does not appropriately measure accounting profit

  Computing free cash flow

During 2006, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax r..

  Prepare an accounting research memo

Do NOT prepare an accounting research memo. Locate the authoritative GAAP that provides a tenable conclusion for the case.

  Compute the required purchases for april

Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $475,000 for May. Cost of goods sold is expected to be 60% of sales.

  During the year just ended morton company made the

during the year just ended morton company made the following expenditures relating to its plants building continuing

  Adjusting entry to accrue wages payable

At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable to the company's employees for the last week in December.

  Determine the due date of the note

Determine the due date of the note and determine the maturity value of the note.

  Determine the necessary sample size for frehley examination

Sample Size Relationships: Monetary Unit Sampling. Noel Frehley is examining the accounts receivable of Kiss Company and is considering the use of MUS.

  Discuss the pros and cons of leasing

Discuss the pros and cons of leasing vs purchasing a fleet of business vehicles for a client's business, (assume the loan rate on purchasing the vehicles is 6% and the implicit interest rate in the lease is also 6%).

  Sea corporation issues 20000 shares of 050 par common stock

nbspnbspnet income 11500nbspnbspdividends paid to stockholders2800nbspnbspcash received from selling

  Del spencer is the owner and founder of del spencers mens

del spencer is the owner and founder of del spencers mens clothing store. del spencers has its own house charge

  Costs incurred internally to create goodwill

Indicate whether the following items are capitalized or expensed in the current year.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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