The companys payroll records for the november 1-14 pay

Reference no: EM13590180

Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $50,000 but that employee income taxes totaling $7,000 and FICA taxes totaling $2,625 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts.

1. What was the amount of net pay?

2.Assuming Lighting Electronics must also pay $250 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?

Reference no: EM13590180

Questions Cloud

I know the two lines meet at one point but since the the : question boat as position is given by xt3-t yt2t-4 where the distance units are kilometres and the time units are

The companys payroll records for the november 1-14 pay : lightning electronics is a midsize manufacturer of lithium batteries. the companys payroll records for the november

Sandy has 325 in change she has five more dimes than : sandy has 3.25 in change. she has five more dimes than quarters but twice as many nickles as dimes. express the given

A c35 pf parallel plate capacitor has plates of area : a c35 pf parallel plate capacitor has plates of area a402cm2. what is the electric field between its plates when it is

The companys payroll records for the november 1-14 pay : lightning electronics is a midsize manufacturer of lithium batteries. the companys payroll records for the november

Kim achieved its planned production level for the year the : kim inc. began business at the start of the current year and maintains its accounting records on an absorption-cost

The refractive indices of materials a and b have a ratio of : question the refractive indices of materials a and b have a ratio of nanb 1.79. the speed of light in material a is

Idicate the effects accounts amounts and for increase : greener pastures corporation borrowed 1450000 on november 1 2012. the note carried a 9 percent interest rate with the

The company would like to initiate an intensive advertising : marple associates is a consulting firm that specializes in information systems for construction and landscaping

User Account

All Pages