What is Friedmans net pay

Assignment Help Accounting Basics
Reference no: EM132605674

Question - Employee Net Pay

Maxwell Friedman's weekly gross earnings for the week ending March 9 were $3,260, and her federal income tax withholding was $619.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places.

Reference no: EM132605674

Questions Cloud

Make the first interest payment and the amortization : On the first day of the fiscal year, a company issues a $1,400,000, 7%, Make the first interest payment and the amortization of the related bond discount
Globalization has enriched our cultural lives : Globalization has enriched our cultural lives and has brought a number of economic benefits.
Regarding technological advancement and society : What challenges are entrepreneurs faced with today regarding technological advancement and society?
Journalize the entries required on each date : The declaration, record, and payment dates in connection with a cash dividend of $90,000. Journalize the entries required on each date
What is Friedmans net pay : Employee Net Pay - Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay
Hazardous materials : Abstract: Hazardous materials have many ways in which they can be made like explosives, flammable substances, radioactive ingredients,
Solve any non-controlling interest : During this year there was intragroup sales totalling $60,000, Calculate any non-controlling interest. Show all intragroup entries and full workings
Conduct force field analysis on issue : Conduct a force field analysis on an issue in your organization. What are the driving and restraining forces affecting this issue?
Solve direct and indirect non-controlling interest : The tax rate is 30%. In the space provided - show goodwill entries, intragroup transactions and calculate direct and indirect non-controlling interest.

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