How much would the company record as salary expense

Assignment Help Financial Accounting
Reference no: EM132495620

Question 1: An employee earns $1,500 a week and the deductions from that amount for her contributions to EI, CPP, and income taxes are $185. The company must contribute an additional $105 for EI and CPP. How much would the company record as salary expense for that week?

Option a) $1,420

Option b) $1,500

Option c) $1,605

Option d) $1,790

Reference no: EM132495620

Questions Cloud

What is the probability that exactly eight : A heating and cooling company advertises that any customer buying an air conditioner during the first 16 days of July will receive a 25 percent discount
Design and equip ndt equipment box for onsite investigation : Design and equip a NDT Equipment Box for onsite investigation of your chosen industry - portable enough so that when the need arises the inspector could simply
What amount of dividends received by common shareholders : What The amount of dividends received by the common shareholders in year 3 was? Seaside Developments Inc. has $200,000 of no par value
Estimating confidence interval for the population mean : Assume the population has a normal distribution. A group of 19 randomly selected employees has a mean age of 22.4 years with a standard deviation
How much would the company record as salary expense : The company must contribute an additional $105 for EI and CPP. How much would the company record as salary expense for that week?
Estimate the proportion of the adult population : A researcher at a major clinic wishes to estimate the proportion of the adult population of the United States that has sleep deprivation.
How the mortgage will be reported on the july : Which of the following best represents how the mortgage will be reported on the July 31, 2020 statement of financial position?
Develop appropriate null and alternative hypotheses : Develop appropriate null and alternative hypotheses such that rejection of H0 will support Dr. Smith's argument.
Compute the cash proceeds from bond issues : Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds Cash proceeds vs Discount or premium

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute amazons total liabilities

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc. Compute Amazon’s balance in cash at the beginning of the year. Compute Amazon’s total liabilities at the end of the year. Compute cost of goods sold for t..

  Discuss note was signed requiring principal and interest

note was signed requiring principal and interest at 8% to be paid on February 28, 2017

  Five-year period to adjust dividend

Find its dividend per share for this year if it has a 25% target payout ratio and uses a five-year period to adjust its dividend.

  How do set up and calculate in excel

How do set up and calculate in excel? What is the NPV? What is the IRR? The managers of Camping World are considering manufacturing pop-up campers.

  What would be the balance in the paid-in capital

Victor used the par value method to record the purchase of the treasury shares. What would be the balance in the paid-in capital from treasury stock account at

  How many sease tickets did the panthers sell

How many sease tickets did the Panthers sell and how many home games had the Panthers played by the end of October?

  What amount should be recorded for depreciation

At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would be $1,600. What amount should be recorded for dep..

  Channel functions performed by intermediaries

Identify and explain 4 channel functions performed by intermediaries. Identify and explain each of the goals of promotion.

  How much must ted include in his gross income as a result

Ted also owns a 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders. How much must Ted include in his gross income as a result of being a shareholder in these two corporations?

  Nbspquestion 1nbsp which of the following statements is

nbspquestion 1nbsp which of the following statements is correct?a.nbspnbspnbspnbspnbspnbsp firms with a large number of

  Determine which type of communiqué to send to each assigned

the matrix in the Communique Scenario for roles, audience, and the purpose of the communique. Determine which type of communiqué to send to each assigned character from the Communiqué Scenario

  Income statement effects of contemplated transactions

Skysong Company requires additional cash for its business. Skysong has decided to use its accounts receivable to raise the additional cash and has asked you to determine the income statement effects of the following contemplated transactions.

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