What is Elenore total annual compensation

Assignment Help Accounting Basics
Reference no: EM133109843

Question - Elenore is an employee of Leeper Farms in Oklahoma. She earns $40,050 annually. Leeper Farms has provided uniforms worth $450 and training worth $1,050 as part of her employment. She contributes 6% to her 401(k), of which her employer matches half. Elenore's employer pays the following monthly amounts toward her insurance: health, $925; life, $450; AD&D, $50. Leeper Farms pays employer-only taxes and insurance that comprises an additional 15% of Elenore's annual salary. What is Elenore's total annual compensation?

a. $71,259

b. $65,859

c. $64,759

d. $59,081

Reference no: EM133109843

Questions Cloud

Prepare the adjusting entry necessary : Concord Company had the following account balances at year-end: Cost of Goods Sold $61,510. Prepare the adjusting entry necessary
Prepare a multiple-step income statement : Pharoah Corporation is subject to a 25% income tax rate. Prepare a multiple-step income statement in good form for Pharoah Corporation
Manager for financial markets-treasury? : The company considers its equity investment in foreign affiliates capital which is at risk, subject to hedging depending on the individual country, currency, an
Discuss the importance of highlighting ethics : Discuss the importance of highlighting ethics in the market with the 1933 Securities and Exchange Act. Also outline the importance of Codes of Ethics for Profes
What is Elenore total annual compensation : Leeper Farms pays employer-only taxes and insurance that comprises an additional 15% of Elenore's annual salary. What is Elenore's total annual compensation
Signing up for the alahama outdoors : A customer later calls to complain that they just ordered $100 of merchandise after signing up for the Alahama Outdoors newsletter and did not receive their $10
Did the company report any contingency : Did the company report any contingency? What is company's revenue recognition policy?
Calculating returns : If the bond had 21 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.
Who can be convicted of business crime : Who can be convicted of a business crime and what does mens rea, actus reus and conscious avoidance mean?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute pell income from demers for the year ended

Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Compute Pell's income from Demers for the year ended December 31, 2012

  Describe the accounting rules on lease

Historical background of the accounting rules on Lease: U.S. and International. Leases are classified as capital leases or operating leases. Capital leases.

  What are the three important financial decision-making areas

What are the three important financial decision-making areas that a financial manager in a firm is responsible for? Illustrate each of the areas identified using examples from anorganisation that you are familiar with.

  What is the depreciable cost of the asset

A business purchased a machine that had a total cost of $220,000 and a residual value of $20,000. What is the depreciable cost of the asset

  Discuss classes of stock outstanding

Select a public corporation you are familiar with or which interests you. Using the Internet, your school library, and other sources, develop a short.

  Discuss michael porter developed five primary activities

Michael Porter developed five primary activities that directly provide value to customers

  What would cost of goods sold for the year ended

What would cost of goods sold for the year ended 12/31/2010 have been if the FIFO inventory method been used? Show your computations

  Describe methods for presenting financial data

Question - List and describe (50 to 80 words each) the benefits and application of the methods for presenting and formatting financial data

  What is meant by functional currency

What is meant by functional currency? How is it determined? Discuss the translation process that will occur so that these subsidiaries

  Determine equivalent units of production for conversion cost

On June 30, the inventory of work in process consisted of 4,600 units which were 85% completed. Determine equivalent units of production for conversion cost

  Determine the effect on the accounting equation

Determine the effect on the accounting equation upon recording the issuance of the bonds

  Calculate the expected cash balance at the end of april

Calculate the expected cash balance at the end of April, assuming that cash is received only from customers and that $15,000 is paid out during April

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