User Account

All Pages

What is cougar consulting company gross payroll

Assignment Help Accounting Basics
Reference no: EM133147085

Question - Cougar Consulting Company pays 7 employees $25 per hour. These 7 employees work 40 hours per week. The company withholds the following amounts:

7.65 percent for FICA taxes

15 percent for federal income taxes

5 percent for state income taxes

Cougar Consulting Company's unemployment rates are as follows: Federal Unemployment Tax Assesment (FUTA) rate is 0.9 percent State Unemployment Tax Assessment (SUTA) rate is 3.6 percent.

1. What is Cougar Consulting Company's gross payroll for the 7 employees for one week?

2. What is the total net pay for the 7 employees for the week?

3. What is the total cost of payroll to Cougar Consulting for the 7 employees for the week?

Reference no: EM133147085

Questions Cloud

How much better or worse off is circus toys : Circus Toys produces a plastic three-ring circus set. The set sells for $102. How much better or worse off is Circus Toys
What would be the impact on the business profit : What would be the impact on the business's profit if the plan to provide a discount to large orders were implemented - Which Recommended Freight Type
What is the mark-up as a percent of selling price : A sports store purchased tennis racquets for $77.57 less 35% for purchasing more than 100 items, What is the mark-up as a percent of selling price
Compute the dm quantity variance : Manufacturing has 20 employees. Each employee presently provides 35 hours of productive labor per week. Compute the DM Quantity Variance
What is cougar consulting company gross payroll : Federal Unemployment Tax Assesment (FUTA) rate is 0.9 percent. What is Cougar Consulting Company gross payroll
How much is the interest revenue recognized by red : Annual lease payments are 135,000 and are payable in advance for 8 years. How much is the interest revenue recognized by Red in 2022
What is risk management : Question - What is risk management? Discuss its importance? What measures can be put in place to monitor and control risk
Compute the deduction for oasdi tax : On February 1, 20-- his gross pay was $800 (three days working, one paid vacation day, and one paid sick day). Compute the Deduction for OASDI tax
Find the total amount of the bonus pool : The current compensation package is an annual bonus award. The senior executives share in the bonus pool. Find the total amount of the bonus pool

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd