What is amount of SSS monthly contributions to be remitted

Assignment Help Accounting Basics
Reference no: EM133062710

Question - Pokemon Company is headed by Ms. Kinton, President, and she is receiving $500,000 gross monthly salary. The company also employs 2 office supervisors and 10 staffs. The gross monthly compensation for every supervisor is $30,000 and for every staff is $15,000. The President receives her net pay every end of the month. In 2021, what is the amount of SSS monthly contributions to be remitted?

a. $10,125

b. $29,640

c. $5,625

d. $19,515

Reference no: EM133062710

Questions Cloud

Journal entries to record the investments of the partners : Prepaid expenses and liabilities will not be assumed by the partnership. Journal entries to record the investments of the partners
What is your annualized rate of return : Boeing pays a dividend of $2.96 per share, which you collect and then immediately sell your shares for $343.54 per share. What is your annualized rate of return
What is the annual earnings growth rate for apple : Question - Apple's ROE is 27.41%, and its payout ratio is 26.85%. Based on this information, what is the annual earnings growth rate for Apple
Prepare the selling and administrative expenses budget : It expects fixed expenses to be $38,100 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2022
What is amount of SSS monthly contributions to be remitted : The President receives her net pay every end of the month. In 2021, what is the amount of SSS monthly contributions to be remitted
Record the sale and the acceptance of the promissory note : On February 7, Jackson Company sold goods on account to Phillips Enterprises for $5,200, Record the sale and the acceptance of the promissory note
Prepare journal entries for the transactions listed : Prepare journal entries for the transactions listed above - Jan. 11 Swifty sold for $26,900 on account inventory that cost $19,400
Prepare a report on shotokan karate techniques : Prepare a report on shotokan karate techniques and The report is about 10 of favourite techniques and why they are favourites
What is the present value of all the CCA tax shields : What is the present value of all the CCA tax shields assuming the equiment is never sold and the appropriate discount rate is 12% per? year

Reviews

Write a Review

Accounting Basics Questions & Answers

  How do you believe the accounts should be listed

Within the current liabilities section, how do you believe the accounts should be listed? Defend your position.

  How much is the carrying amount of the investment

Declared dividends of ?2,400,000 during the year. How much is the carrying amount of the investment in joint venture on December 31, 20x1?

  Oran refiners inc processes sugar cane that it purchases

oran refiners inc. processes sugar cane that it purchases from farmers. sugar cane is processed in batches. a batch of

  What is the appropriate accounting for the real estate

Lessor and Lessee enter into a seven-year lease for a small office building. What is the appropriate accounting for the real estate

  Given the following data for harder company compute cost of

given the following data for harder company compute cost of goods manufactured direct materials used 120000 beginning

  Compute the company total required production in units

Compute the company's total required production in units of finished product for the entire three-month period ending September 30.

  Compute the return on common stockholders equity ratio

SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. The following financial information (in millions) was taken from the company's 2007 annual report.

  Standards of ethical behavior for accountants and auditors

What is the role of a code of professional conduct and standards of ethical behavior for accountants and auditors?

  Which day-by-the-hour as used in a lean accounting system

Which Day-by-the-Hour, as used in a lean accounting system, measures? the time available divided by the units demanded from customers.

  Which of the following statements is true

Illinois Woodworking sold equipment for $7,990 cash. The net book value of the asset was $4,770. Which of the following statements is true

  What public sources of big data

Several sources of public big data. Looking at the organization you currently work for or have worked for in the past, what public sources of big data

  Compute the balance in equity investment at december

On January 2, 2016, Danner Corp. purchased 32,000 shares (40%) of the common stock of Poe & Company. Compute the balance in Equity Investment at December

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