Lee provo is paid 20 per hour plus time-and-one-half for

Assignment Help Accounting Basics
Reference no: EM13483883

Lee Provo is paid $20 per hour, plus time-and-one-half for hours over 40 for a given week. During the week of January 21, Provo worked 46 hours. Social security taxes are 6.2 percent, Medicare taxes are 1.45 percent, $98 is withheld for federal income taxes, 36 is withheld for state income taxes, and $15 is withheld for medical health insurance. In addition, Provo's employer must pay social security taxes of 6.2 percent, Medicare taxes of 1.45 percent, state unemployment taxes of 5.4 percent, and federal unemployment taxes of .8 percent.

a) Provo's gross earnings
b)Provo's take-home pay
c) the employer's payroll taxes expense
D) The total cost of employing Provo for the week

Reference no: EM13483883

Questions Cloud

Jane selects certain checks made out only with the initials : micro chip corporation mcc has a special po box for customer payment. jane is responsible for going to the post office
Economies of scale is the advantage that a larger fi may : economies of scale is the advantage that a larger fi may have over an smaller financial firm due to a drop in the
The habitat corporation has a wacc of 16 percent its cost : the habitat corporation has a wacc of 16 percent. its cost of debt is 13 percent. if habitats debt-equity ratio is 2
The markets required return suddenly rises to 7 what are : you have gathered the following data on three bondsbondnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp
Lee provo is paid 20 per hour plus time-and-one-half for : lee provo is paid 20 per hour plus time-and-one-half for hours over 40 for a given week. during the week of january 21
What are the two reasons liquidity risk arises how does : what are the two reasons liquidity risk arises? how does liquidity risk arising from the liability side of the balance
Discuss the differences between economies of scale and : discuss the differences between economies of scale and economies of
If inflation exceeds 10 for the year the rate of inflation : the purchasing department has found an excellent global positioning system circuit card in germany that can provide
Your uncle promises to give you 500 per quarter for the : your uncle promises to give you 500 per quarter for the next five years. how much is his promise worth right now if the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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