What is the difference between gross pay and net pay

Assignment Help Accounting Basics
Reference no: EM13505380

What is the difference between gross pay and net pay? Which amount should a company record as wages or salaries expense?

Reference no: EM13505380

Questions Cloud

Explain the ph of a buffered solution saturated with h2s : what must be the pH of a buffered solution saturated with H2S ([H2S]=0.10M) be in order to precipitate PbS leaving [Pb2+]=1*10^-6M without precipitating any MnS
Imas statement of ethical practice : Ddescribe the four standards in the IMA's Statement of Ethical Practice. As part of your answer, be sure to provide an example of an action that violates the standard.
Explain the reaction of p-methylbenzoic acid with lialh4 : Draw the organic product(s) of the reaction of p-methylbenzoic acid with LiAlH4, then H3O+ in the window below. If no new products are formed, tell OWL by drawing ethane, CH3CH3.
What is the present value : What is the present value (rounded to the nearest dollar) of an annuity of $25,000 per year for five years if the interest rate is.
What is the difference between gross pay and net pay : What is the difference between gross pay and net pay? Which amount should a company record as wages or salaries expense?
Find out whether the solution formed from salt : Determine whether the solution formed from the following salts will be acidic, basic or neutral. Write equations for hydrolysis.
What is the circumference and radius of that asteriod : Assuming that a spacecraft lands on an asteroid and bores a hole perpendicular to its surface; it is noticed that the sun shines straight down to the bottom of the hole. what is the circumference and radius of that asteriod
What factors may cause the effective interest rate : What factors may cause the effective interest rate and the stated interest rate to be different?
What is the justification for using backflush costing : What is the goal of the EOQ model, why does a firm hold "safety stock" and what costs are a firm trying to balance when it decides on how much safety stock to hold?

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