What amount will company have to contribute for employment

Assignment Help Accounting Basics
Reference no: EM133126099

Question - A company has one employee with employment income of $84,000 in 2021. The company follows a monthly payroll schedule. What amount will the company have to contribute for employment insurance for the month of January 2021?

Reference no: EM133126099

Questions Cloud

Participate in the syndicate : Why might diamond producers agree to participate in the syndicate as opposed to selling their output on their own?
Policy affects real output in a small open economy : Explain how monetary policy affects real output in a small open economy with flexible exchange rates. Explain which component of aggregate demand is most affect
What is the relationship between the npv and the irr : What is the relationship between the NPV and the IRR? Based on the NPV, at what level would you expect the IRR to be relative to the cost of capital
Compute and show the depreciation expense : The expected useful life and residual value are unchanged. Compute and show the depreciation expense and NBV of the machinery for the year 20X1 to 20X8
What amount will company have to contribute for employment : A company has one employee with employment income of $84,000 in 2021. What amount will company have to contribute for employment
What is the ei contribution the employer will have to make : The company follows a semi-monthly payroll schedule. What is the EI contribution the employer will have to make for the first pay period in January 2021
Calculate the predetermined overhead rate : During the first quarter of 2022, Ivanhoe Company reports the following: Estimated overhead $220,740. Calculate the predetermined overhead rate
Key economic goals of public and private health insurance : What are the comparison and contrasting key economic goals of public and private health insurance plans? And what is the success potential of key economic goals
Draw aggregate demand and aggregate supply diagrams : How does a change in the price of oil affect (i) oil importing countries such as Bangladesh and (ii) oil exporting countries such as the UAE and Saudi Arabia.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Propose problem-solving strategies to address caterpillar

Propose problem-solving strategies to address Caterpillar's weaknesses or threats that could be mitigated by a business opportunity or business decision.

  How do deal with salary and related enquiries

How do you deal with salary, wage and related enquiries in accordance with organisational policy and procedures? Please ensure you include an explanation

  Preferred balance sheet presentation

Using the letters provided, classify items (1-13) according to the most commonly preferred balance sheet presentation.

  What is the dividend payable to the ordinary shareholders

On December 31, 2020, the entity declared dividend of P1,000,000. What is the dividend payable to the ordinary shareholders

  Why should you receive a higher hourly rate

Do you receive a form 1099? Why should you receive a higher hourly rate than if you were issued a W-2 Form

  Calculate myrtle return on investment

Myrtle Company has sales of $218,000, cost of goods sold of $87,900, Calculate Myrtle's return on investment and its residual income

  When should the equipment be replaced

A certain narrow-aisle forklift truck costs $4,000. The desired rate of return is to be 20 percent before taxes. When should the equipment be replaced

  Estimate the cost of capital for short-term funding

Estimate the cost of capital for both short-term and long-term funding of $30,000 from an investor expecting a 10% return on investment of $80,000

  Describe the usefulness of the receivables turnover ratio

Does the company report Accounts Receivable or an Allowance for Doubtful Accounts on its balance sheet? Explain why it does or does not. Based on your observations for requirement 1, describe the usefulness of the receivables turnover ratio and days ..

  During september stutzman corporation incurred 94000 of

during september stutzman corporation incurred 94000 of actual manufacturing overhead costs. during the same period the

  Calculate the impact that the amortization would have

Calculate the impact (direction and amount) that the amortization of such expenditures would have on each company's Income from Operations in the current year.

  What is the real interest rate

At present, the nominal interest rate is 7 percent, and the expected inflation rate is 5 percent. What is the real interest rate?

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