What wages deposited in employees bank accounts would be

Assignment Help Financial Accounting
Reference no: EM132953340

Problem 1: Miller Manufacturing has a two-week payroll of $8,200 for its eight employees. Income tax of $1,080 is deducted from the employees' cheques, as well as 4.95% for CPP and 1.6% for EI. Wages deposited in employees' bank accounts would be

a) 6,583
b)7,120
c) 7,663
d) 8,200

Reference no: EM132953340

Questions Cloud

Calculate book value of an asset : Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $12,112. Calculate book value of an asset
What are the different forms of learning and teaching : What are the different forms of learning and teaching
What is the weight of debt jfg would use in the wacc : What is the weight of Debt (Wd) JFG would use in their WACC calculation? The 200,000 bonds mature in 10 years, have a par (face) value of $1,000
What is player optimal strategy : Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
What wages deposited in employees bank accounts would be : Income tax of $1,080 is deducted from the employees' cheques, as well as 4.95% for CPP and 1.6% for EI. Wages deposited in employees' bank accounts would be
Discuss strategy for improving company profits : You manage a company that competes in an industry that is comprised of five equal-sized firms. A recent industry report indicates that a tariff on foreign impor
Determine the nash equilibrium outcomes : a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication.
Describes net realizable value when applying lower of cost : Which of the following statements best describes net realizable value when applying the lower of cost and net realizable value rule?
Which accounts would appear in the financial statements : Which accounts would appear in the financial statements if revenue was recognized and recorded before the customer paid for the goods and/or services?

Reviews

Write a Review

Financial Accounting Questions & Answers

  1 which of the following can be affected by gaapalegal

1. which of the following can be affected by gaap?a.legal ability to issue bonds.b.ability to balance the

  Find what is the maximum amount that can be withdrawn

What is the maximum amount that can be withdrawn at the start of each quarter? Month end contributions of $431 are made to an account for 8 years

  The current assets and current liabilities for apple

the current assets and current liabilities for apple computer inc. and dell inc. are shown as follows at the end of a

  What will happen to the market price once

What will happen to the market price once these orders are submitted if in fact the takeover will occur in a few hours. What will your? brother's profits? be?

  Computer networking infrastructure

The annual maintenance cost for your company's computer networking infrastructure is $25,000 for the first year. This cost is expected to increase at the rate of 4% per year.

  Uses exclusively for personal purposes

Susan owns a car that she uses exclusively for personal purposes. its original coast was $26,000, and the fair market value is $12,000. She exchanges the car and $18,000 cash for a new car. Determine when Susan's holding period for for new car begins..

  Estimating sales revenue

First City Bank (FCB) has $30 million in commercial loans with an average interest rate of 6 percent. The bank also has $24 million in consumer loans with an average interest rate of 8 percent. Finally, the bank owns $4.5 million in government securi..

  Find what is the amount of minimum annual lease payment

On January 1, 2017, Yancey, Inc. signs a 10-year noncancelable lease, What is the amount of the minimum annual lease payment?

  Jim wright is allowing for opening a kwik oil change center

jim wright is allowing for opening a kwik oil change center. he evaluates that the subsequent costs will be incurred

  How much taxable income will junior recognize

Jack Corporation had an E&P balance of $300,000. If the redemption qualifies under Sec. 303, how much taxable income will Junior recognize?

  What strategy should the finance manager develop to solve

What strategy should the finance manager develop to solve? In managing working capital the finance manager faces the problem

  Prepare consolidated financial statements for peony

Assume that Jong used the equity method of accounting for its investment in Nye instead of the cost method.  Calculate the balance of its Investment in Nye account and prepare the consolidated financial statements for Peony at December 31, 20X6 usi..

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