What is the employer total payroll expense

Assignment Help Accounting Basics
Reference no: EM132614416

Problem - John operates a small retail store and pays his employees weekly. The total gross pay is $4,000, employment insurance is $74 pension plan is $195 and taxes withheld are $840. Assuming the employer's contribution is 100% for CPP and 140%% for employment insurance, what is the employer's total payroll expense?

a. $2,891

b. $4.299

c. $4,000

d. $299

Reference no: EM132614416

Questions Cloud

Data visualizations have very few universal rules : Chapter 1 of your textbook explains that data visualizations have very few universal rules. However, three key principles are discussed.
What adjustments will Monster Beverage Corporation make : The Monster Beverage common stock has a par value of $0.005. What adjustments will Monster Beverage Corporation make to its balance sheet as a result
What is the present value of a trust fund : What is the present value of a trust fund that earns 8.8% compounded annually and pays out $3,500 every three months in perpetuity
Discuss new-current-upcoming technology : Describe member services and incentives. Discuss new/current/upcoming technology. List its accreditation and/or certification.
What is the employer total payroll expense : Assuming the employer's contribution is 100% for CPP and 140%% for employment insurance, what is the employer's total payroll expense
Explaining model and the relationship : In six slides explain the relationship between the n&t km model and how it works with the km cycle tasks to create shared information.
How to calculate interest expense : Question - How to calculate interest expense when face value is 100,000 at 10% interest rate semi annually
Product design philosophies behind industrial design : What are the product design philosophies behind industrial design and design for manufacture and assembly?
What is the amount of the AMT adjustment : Charles had the following itemized deductions in 2018: State income taxes $3,000. What is the amount of the AMT adjustment

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