What amount is the check

Assignment Help Financial Accounting
Reference no: EM132877789

Question - During the first week of February, Gabe Hopen earned $300. Assume that FICA taxes are 7.65 percent of wages up to $106,800, state unemployment tax is 5.0 percent of wages up to $13,000, and federal unemployment tax is .8 percent of wages up to $13,000. Assume that Gabe has voluntary withholdings of $27.40 (in addition to taxes) and that federal and state income tax withholdings are $18 and $6, respectively.

Using the information above, what amount is the check, net of all deductions, that Gabe received for the week's pay?

Reference no: EM132877789

Questions Cloud

List the norms and mores from american society : What do these differences imply about the social changes that have taken place in our society? Has cultural leveling influenced any of these changes?
Discuss the importance in american culture : Discuss the importance of these in American culture. Do any of them seem silly, irrelevant, etc.? What would happen if someone "broke a norm"?
How does the resource-mobilization theory build on weakness : How does the resource-mobilization theory build on a weakness of the classical model in the effort to theorize on the way social movements arise?
What are the receipts from sales on account for October : Daybook Inc. collects 30% of its sales on account in the month of the sale. What are the receipts from sales on account for October
What amount is the check : During the first week of February, Gabe Hopen earned $300. What amount is the check, net of all deductions, that Gabe received for the week's pay
What ways did power distance affect cockpit interaction : What ways did power distance affect cockpit interaction? (explore both the high and low aspects of how power distance affected cockpit interactions)
Explain whether evidence-based programs are more effective : Explain whether evidence-based programs are more effective in addressing addiction. Respond taking a position opposite a colleague's on the influence
What is this projects payback period : A project that costs $2,200 to install will provide annual cash flows of $570 for the next 5 years. What is this projects payback period
Why is important to know some of the histories of lgbtqia : Pick a social institution (e.g. family, education, criminal justice system, marriage, religion, corporate sector, etc...) and explain why, sociologically

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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