Define salaries, Basic Statistics

Assignment Help:

Define Salaries

Incomes are usually associated with "white-collar" employees such as employees in offices, supervisors, experts, and experts. Paid employees are often paid semi-monthly (e.g., on the Fifteenth and last day of the month) or bi-weekly (e.g., every other Friday) and their salaries are often mentioned as a major yearly quantity, such as "$48,000 per season." The "gross" quantity represents the pay personnel would obtain before withholdings are created for such elements as taxation, advantages to Combined Way, and economical savings programs.Since salaried employees generate a specified yearly quantity, it is likely that their major pay for each pay interval is the same persistent quantity. For example, if a manager's wage is $48,000 per season and salaries are paid semi-monthly, the manager's major pay will be $2,000 for each of the 24 pay times. (If the administrator pays bi-weekly, the major pay would be $1,846.15 for each of the 26 pay times.) A salaried worker's perform interval usually stops on payday; for example, an income on Jan 31 usually protects the perform interval of Jan 16-31. This is practical for bookkeeping requirements if the organization makes fiscal reports on a 30 days base.

Expertsmind.com offers unique accounting assignment help

 


Related Discussions:- Define salaries

Explain correlation coefficients, 1. What type of correlation coefficient w...

1. What type of correlation coefficient would you use to examine the relationship between the following variables? Explain why you have selected the correlation coefficients. A.

Pre tax in Statement of Cash Flows, Advanced Equipment leased equipment to ...

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R

Inventory, An audit of the accounting records of Loch Ness Ltd. for the yea...

An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000. Upon further investig

Hypothesis and statistical test, College administrators across the country...

College administrators across the country have become very concerned after noticing an increase in the number of deaths in college students from binge drinking.  Several psychologi

Quantitative techniques and decision making, Let the national income model ...

Let the national income model be: Y= c+1+G C=20+0.6y I=0.2y G=20 Where y= income, C= consumption, I= investment and G=government expenditure find y, C and I from the model. By quan

Psy1110 Module 2, Which of the following does Utts consider a disaster in s...

Which of the following does Utts consider a disaster in sampling?sk question #Minimum 100 words accepted#

Degree of tastiness, A researcher is interested in comparing tastiness of d...

A researcher is interested in comparing tastiness of different parts of cheese in grilled cheese sandwiches.  The researcher expects that Cheddar cheese grilled sandwiches are rate

Data analysis, S&V Industries manufactures book cases. Different sizes of c...

S&V Industries manufactures book cases. Different sizes of cases are kept in inventory. The company has 80 man-hours and 36 pounds of wood available each day. 2 pounds of wood are

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