What is Lindsey net pay

Assignment Help Financial Accounting
Reference no: EM132753340

Question - Lindsey Vater's weekly gross earnings for the week ended March 9 were $800, and her federal income tax withholding was $128.96. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? If required, round your answer to two decimal places.

Reference no: EM132753340

Questions Cloud

What is the net value of the payments : Then Carol will receive $10,000 at the end of year four. With an interest rate of 10%, what is the net value of the payments versus receipts in today's dollars?
What is the income statement for the upcoming year : Fixed manufacturing overhead (MOH) in total for the year $253,000. What is the income statement for the upcoming year using variable costing
Find what was the final payment was the final payment : Automotive Excellence Inc. borrowed $17,000. Automotive Excellence paid the balance of the loan on October 27. What was The final payment was the final payment?
What would happen to the price of the bonds over time : Suppose that the conditions in part a existed that is, interest rates fell to 5% 6 years after the issue date. Suppose further that the interest rate remained.
What is Lindsey net pay : Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay
Is financial analysis always doomed : Is financial analysis always doomed to be too late to be useful?
Find the sales tax and total cost : Julie purchases detergent for $4.89, dog food for $12.99, and chips for $3.49. The sales tax rate is 8%. Find the sales tax and total cost
Largest investment in change in working capital : In what sector of a business is the largest investment in change in working capital?
What is the risk neutral probability distribution for stock : What is the risk neutral probability distribution for the stock in the Black-Scholes model, including the parameters? What is the value of this option?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate what is the expected return on the portfolio

If the expected returns on these stocks are 5 percent and 9 percent, respectively, what is the expected return on the portfolio (round 2 decimal)?

  Determine how to find out what is the future value

Determine how to find out What is the future value of $10,000 in 8 years at 8%, compounded quarterly? Please show work and formula

  Find and prepare reconciliation from the opening balances

Find and Prepare reconciliation from the opening balances to the ending balances of the defined benefit obligation and plan assets for the year ended December

  Prepare the income statement and balance sheet

Prepare a 10-column worksheet for the year ended 30 June 2015 - Prepare the income statement, balance sheet and statement of change in equity.

  Compute the variable overhead rate and efficiency variances

Compute the variable overhead rate and efficiency variances for August. At standard, each set of covers should require 5.6 yards of material.

  Provide the investor with the information it has requested

Buz508- Identify the correct financial statement for your junior accountants that will provide the investor with the information it has requested.

  Draw the entry for the current tax expense

Draw the entry for the current tax expense if the tax loss for 2018 was $600,000 and that the recognition criteria was satisfied in 2018

  What amount should rama show in notes

At December 31, year 2, what amount should Rama show in notes to financial statements as a restriction of retained earnings as a result of its treasury stock transactions?

  About the education tax credit

Bernadette, a long time client of yours, is an architect and president of the local Rotary chapter. to keep up-to-date with the latest developments in her profession, she attends continuing education seminars offered by the architecture school at sta..

  What happens if the market price rises

What happens to the amount over market that was actually paid for the inventory? Explain? Now, what happens if the market price rises

  Contrast the two different consolidation processes

Determine and Compare and contrast two different consolidation processes of serial and single consolidation techniques when indirect ownership interests exist.

  Calculate the project npv under the worst-case

Calculate the project's NPV under the "worst-case scenario", that is, use the low estimates - unit price x % less than expected, variable costs

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