What are the gross weekly earnings for an individua

Assignment Help Accounting Basics
Reference no: EM132476133

Question 1. What are the gross weekly earnings for an individual who earns $26, 000 per year and works 35 hours per week?

a. $400
b. Depends on tax rate
c. $1000
d. $800

Question 2. An employer with a one-week pay cycle offers Rob $18 per hour and 3 weeks paid vacation in the summer. Calculate his wages for the period if he worked 20 hours.

a. $381.60
b. $360.00
c. $361.20
d. $339.40
e. $410.40
e. $500

Question 3. The following is not an example of a taxable allowance:

a. Cash paid to an employee to purchase normal clothing to wear on the job.
b. Cash paid to cover living expenses.
c. Cash paid to cover the cost of personal vehicle which may be used for company business.
d. Cash paid to cover travel expenses such as hotels, airfare, taxis, meals, etc.
e. Cash paid to cover entertainment costs not for the benefit of the company.

Question 4. Cell phone service paid for by the employer for the employee's personal use is:a. Not taxable
b. Taxable with CPP and EI deductions
c. Taxable with CPP deductions but not EI
d. Taxable with EI deductions but not CPP
e. Not taxable but subject to CPP deductions

Reference no: EM132476133

Questions Cloud

How the article expands your understanding of course content : Approximately three pages in length and fully cited. This should specifically describe the chapter(s), chapter topic(s), class discussion(s) and key concept(s).
Analyze the rationale for health insurance expansion : Analyze the rationale for health insurance expansion. Include how health insurance expansion relates to the problem of adverse selection.
Determine the expected operating income : How much would operating income decrease if Universal did nothing to recover the increase in cost of goods sold, all other things equal?
Determine the assessment of telstras performance : Telstra is Australia's leading telecommunications, What other information would is needed to make an assessment of Telstra's performance?
What are the gross weekly earnings for an individua : One-week pay cycle offers Rob $18 per hour and 3 weeks paid vacation in the summer. Calculate his wages for the period if he worked 20 hours.
What are some methods of controlling inventory : What are some methods of controlling inventory? Discuss controlling the various types of inventory such as finished goods, raw material and work in process.
Compute total job cost for the gargus account : Determine and Compute the firm's predetermined overhead rate. Compute total job cost for the Gargus account and the Feller account.
What is the amount of underapplied or overapplied overhead : Whitley used 32,300 labor hours and total actual overhead was $674,000. What is the amount of underapplied or overapplied overhead?
What is the ending balance in the retained earnings account : What is the ending balance in the retained earnings account at year-end? (Always use cell references and formulas where appropriate to receive

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