Court-ordered withholdings, Basic Statistics

Assignment Help:

Court-ordered withholdings

Paycheck accounting also includes withholdings for items other than payroll taxation. For example, legal courts of law may purchase business employers to take (withhold money from) a worker's wage or income for requirements such as paying your kids or paying debts.

The volumes taken out from workers for court-ordered withholdings are revealed on the organization's balance piece as a current obligation. When the company remits the volumes to the specific parties, the obligation is reduced.Some trial purchases may include a small fee to be taken out from the personnel to be able to compensate the company for management costs.

For example, the transaction from the trial might direct the company to hold $101 from the personnel and to remit $100 to a specific agency. The $1 difference will be a credit to the organization's management costs or to a varied revenue account.

Expertsmind.com offers unique accounting assignment help


Related Discussions:- Court-ordered withholdings

What do you mean by purchase return, What do you mean by Purchase Return? G...

What do you mean by Purchase Return? Give an example. Ans.  Sometime the goods an organization orders are not up to the mark and they are not supposed to keep or accept so th

Psuedocode, If today is a weekday and it’s not a holiday, then you go to wo...

If today is a weekday and it’s not a holiday, then you go to work. However, if it’s a weekday and a holiday, then what you do depends on the weather: If it’s raining, you play vide

Probability, A manufacturer of VCRs plans to purchase a particular componen...

A manufacturer of VCRs plans to purchase a particular component from suppliers A, B and C. 30% of the components are to be purchased from A, 20% from B and 50% from C. In the past,

Determine the coefficient of determination, 1. A researcher was interested ...

1. A researcher was interested lowering the high school dropout level in his county. He measured the reading level of students entering middle school (based on a standard test) and

Conditional probability, The U.S. Department of Transportation reported tha...

The U.S. Department of Transportation reported that during November, 83.4% of Southwest Airlines’ flights, 75.1% of US Airways’ flights, and 70.1% of JetBlue’s flights arrived on t

Cash flow, A business starts out with a cash balance of £1,000. It then mak...

A business starts out with a cash balance of £1,000. It then makes the following transactions: Buys inventory on credit for £500 Sells a non-current asset for £100 cash Sells goods

Correlation and Regression, WHAT IS THE RELATIONSHIP BETWEEN REGRESSION COE...

WHAT IS THE RELATIONSHIP BETWEEN REGRESSION COEFFICIENT BYX BXY AND CORRELATION COEFFICIENT R?

Write Your Message!

Captcha
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