rick o'shea, the only employee of hunter furniture company, makes $40,800 per year and is paid once a month. for the month of july, his federal income taxes withheld are $270, state income taxes withheld are $46, social security tax is 6.2%, medicare tax is 1.45%, state unemployment tax is 5.4%, and federal unemployment tax is 0.8%. what is rick's net pay for july?multiple choice$2,823.90$3,139.90$3,084.00$3,400.00
Answers
Rick o'shea, the only employee of hunter furniture company, makes $40,800 per year and is paid once a month and so on. The rick's net pay for july is $2,613. The correct option is A.
We have to divided the calculation according to given values,
Given that,
Gross pay per month = $40,800 / 12 = $3,400
Federal Income Tax Withheld = $270
State Income Tax Withheld = $46
Social Security Tax = 6.2% of the gross pay
Social Security Tax = 0.062 * $3,400 = $210.80
Medicare Tax = 1.45% of the gross pay
Medicare Tax = 0.0145 * $3,400 = $49.30
State Unemployment Tax = 5.4% of the gross pay
State Unemployment Tax = 0.054 * $3,400 = $183.60
Federal Unemployment Tax = 0.8% of the gross pay
Federal Unemployment Tax = 0.008 * $3,400 = $27.20
Now, let's calculate the total deductions:
Total Deductions =>
Federal Income Tax + State Income Tax + Social Security Tax + Medicare Tax + State Unemployment Tax + Federal Unemployment Tax
Total Deductions = $270 + $46 + $210.80 + $49.30 + $183.60 + $27.20
Total Deductions = $787
Net Pay = Gross Pay - Total Deductions
Net Pay = $3,400 - $787
Net Pay = $2,613
Therefore, Rick O'Shea's net pay for July is $2,613. The correct option is A.
The question is incomplete, the complete question is here:
rick o'shea, the only employee of hunter furniture company, makes $40,800 per year and is paid once a month. for the month of july, his federal income taxes withheld are $270, state income taxes withheld are $46, social security tax is 6.2%, medicare tax is 1.45%, state unemployment tax is 5.4%, and federal unemployment tax is 0.8%. what is rick's net pay for july?multiple choice$2,613,$2,823.90$3,139.90$3,084.00$3,400.00
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Related Questions
Portionpac co-founder, marvin klein, says ethics and integrity are "common sense." klein's moral values and attitudes, which still guide the company today, relate to which set of factors in the ethical decision-making process?
Answers
The correct answer to this open question is the following.
Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.
Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.
The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.
Which of the following describes how the U.S. government protects and supports farmers and ranchers?
through establishing and maintaining food standards
through programs that provide direct payments
through allowing agribusiness companies to create oligopolies
through strict measures of qualis for commodities
first one to get it right gets Brainliest
Answers
Answer:
through allowing agribusiness companies to create oligopolies
Explanation:
Answer:
through programs that provide direct payments
Explanation:
The United States government gives free money to farmers and ranchers through a government subsidiary.
Explain why an increase in inventory should be presented in a statement of cash flows prepared using the indirect method as a deduction from net income.
Answers
An increase in inventory is deducted from net income in the statement of cash flows (indirect method) because it represents a use of cash in operating activities, reflecting the cash outflow associated with the increase.
When inventory levels increase, it indicates that more cash has been invested in purchasing or producing additional inventory. This increase in inventory ties up cash that could have been used for other purposes, such as paying suppliers or covering operating expenses.
In the indirect method of preparing the statement of cash flows, the net income is adjusted to arrive at the operating cash flows by considering non-cash items, including changes in working capital accounts like inventory. Since an increase in inventory requires the expenditure of cash, it is deducted from net income to reflect the cash outflow associated with the increase.
By deducting the increase in inventory from net income, the statement of cash flows provides a more accurate representation of the cash generated or used by the operating activities of the business, allowing stakeholders to understand the cash flow implications of changes in inventory levels.
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A corporation with special tax status for the owners is which type of business?
Choose the answer.
nonprofit corporation
franchise
S corporation
C corporation
Answers
Answer:
franchise
this might be the right answer of your question
what can you bring to this company?
Answers
Answer:
Money
Explanation:
This kind of interview question is used by employers to gauge your level of self-assurance, learn about your top qualities, and learn about the contributions you could make if recruited.
What should be the answer od that kind of question in Interview ?Also, they want to be certain that you have done your homework about their position and business. Hiring managers prefer to work with candidates that do their homework on potential employers, apply slowly, and look for the best fit rather than taking the first available position. They never want to hire someone who simply submits applications for dozens of jobs without considering whether the situation is a suitable fit.
A hiring manager considers how you'll fit into their particular culture while conducting an interview with you.first and foremost, a job. They advertised this position because they require assistance in a few particular areas.
Next, you can finish by discussing how you'd benefit the organisation generally, but start with the value you'll provide to the role you're being considered for. This is true even if it looks like they're asking what you could bring to the company or team altogether.
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A driver works 40 hours a week for the first year on the job. how much does the driver earn for the year?
Answers
A driver will earn Rs 36,800 for a year , if driver works 40 hours a week .
As he works 40 hours/ week and works for a year.
What are the total earnings of a driver in a year ?
1 year = 52 weeks.
First 4 weeks he earns Rs14/ hour
Rest of the year he earns Rs18/ hour
First 4 weeks = 40 hours x Rs 14 x 4 weeks = Rs2240
52weeks - 4weeks = 48 weeks
Rest 40 hours x Rs 18 x 48 weeks = Rs 34560
Total Earnings = Rs 2240 + Rs 34560 = Rs 36,800
The driver earns that total amount in a year.
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in order to require banks to hold more money as opposed to lending it, the federal reserve can —
Answers
In order to require banks to hold more money as opposed to lending it, the federal reserve may expand the amount of money in circulation by reducing the reserve requirements for banks, allowing them to provide more loans. The Fed may reduce the amount of money in circulation by increasing the reserve requirements for banks, on the other hand.
What is a federal reserve?Generally, The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized management of the monetary system to prevent financial crises after a string of financial panics.
The federal reserve may increase the quantity of money in circulation by lowering the reserve requirements for banks, enabling them to provide more loans, in order to force them to keep more money as opposed to lending it.
On the other side, the Fed may decrease the quantity of money in circulation by raising the reserve requirements for banks.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
Answers
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Total Quality Management (TQM) is a management approach to long-term success through customer satisfaction. Quality management is a discipline for ensuring that outputs, benefits, and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose. a) Identify the disadvantages of TQM on employees related to the training duration, the negative effect of cost and the current system. (5 marks) (CLO5:PLO8:C2) b) Identify the main different between Quality Control and Quality Assurances in Quality Management. Give TWO (2) examples each of Quality Control activities and Quality Assurances activities. (5 marks)
Answers
a) There are several disadvantages of TQM on employees, like training duration, negative effect on cost, etc. b)Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
1. Training Duration: Implementing TQM requires a significant amount of training for employees, which can be time-consuming and disruptive to their regular work schedules.
2. Negative Effect on Cost: While TQM can ultimately lead to cost savings in the long run, the initial implementation and training can be expensive and may negatively affect the company's bottom line in the short term.
3. Current System: TQM requires a significant shift in the way that a company operates, and this can be difficult for employees who are used to the current system. This can lead to resistance and a lack of buy-in from employees, which can hinder the success of TQM.
b) Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
Quality Control is focused on identifying and correcting defects in products or services before they are delivered to customers. QC activities include inspecting products, testing samples, and monitoring production processes.
Quality Assurance, on the other hand, is focused on ensuring that the processes used to create products or services are consistent and meet quality standards. QA activities include auditing processes, reviewing documentation, and conducting training.
Examples of Quality Control activities include:
- Inspecting products for defects before they are shipped to customers
- Testing samples of products to ensure they meet quality standards
Examples of Quality Assurance activities include:
- Conducting audits of production processes to ensure they are consistent and meet quality standards
- Reviewing documentation to ensure it is accurate and complete
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What does the Culture of Participation mean?a. everyone should havethe internet provided the government.b. consumers freelyinteracting with other people, companies and organization,especially via social internet platforms.c. you are required to give companies all the data they ask for.d. reviews are always trustworthy.
Answers
The Culture of Participation refers to consumers freely interacting with other people, companies, and organizations, especially via social internet platforms. It emphasizes the active engagement and involvement of individuals in online communities, discussions, and collaborations. (b) is the correct option.
This culture encourages users to share their thoughts, opinions, and experiences, creating a vibrant and interactive online environment. It promotes the idea of user-generated content, where consumers have the power to contribute to discussions, create their own content, and shape the online landscape.
Through social media platforms, online forums, and other digital spaces, people can connect with others who share similar interests, join conversations, and participate in various activities. This can include leaving comments, posting reviews, sharing recommendations, or even co-creating content with others.
The Culture of Participation is not about individuals being required to give companies all the data they ask for. It is about individuals actively engaging with content and other users in a voluntary and open manner.
However, it is important to exercise caution when participating in online communities and sharing personal information. It's always advisable to be mindful of privacy and security considerations.
To summarize, the Culture of Participation encourages consumers to freely interact with others, including individuals, companies, and organizations, via social internet platforms. It empowers users to actively engage, contribute, and shape the online environment through their thoughts, opinions, and experiences.
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Which level of government funds the health care available to Native American tribes and Alaskan Natives
OA. state
OB. federal
OC. local
O D. tribal
Answers
Answer:
Explanation:
The Federal Government
NEED HELP ASAP.
If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider:
A) getting two credit cards, so you always have a line of credit open for use.
B) raising your borrowing limit on your credit card so you can spend more
C) only credit cards that offer a low APR
D) only credit cards that offer zero annual fees even if the APR is high.
Answers
Answer:
D
Explanation:
If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider only credit cards that offer zero annual fees even if the APR is high.
What is the Balance?Equilibrium or equipoise; an even distribution of weight, quantity, etc.; a counterpoise employed to establish equilibrium. stability of the mind or the emotions; a propensity for calm behavior, judgment, etc. a condition of balance in the body: He dropped down the steps after losing his footing.
When you can, try to pay off the entire sum on your credit card. Maintaining a recurring credit card load can increase your credit usage rate, which is one of the factors used to determine your credit ratings, and cost you money in interest.
If you pay off the entire balance on your credit card by the due date each month, interest will not be charged. Improve your credit score: You may build a solid payment history by using your credit card and paying off the balance.
Therefore, Thus option (D) is correct.
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1. How does preserving the environment benefit business?
Answers
Answer:
b
Explanation:
by preserving the environment can attract new customers. promoting your environmental friendly methods can set business apart from competitors
4. Which of the following statements is true about debits?
a) Debits show an increase in what a company owns or a decrease in what it owes.
b) A debit to an asset account shows a decrease.
c) A debit to a liability account shows an increase.
d) Debits show a decrease in what a company owns or an increase in what it owes.
Answers
Answer:
I believe the answer is d
what is the price of a bond with a par value of $1,000, a 2.53% semiannual coupon, 7.06% discount rate and 28 years to maturity?
Answers
The price of the bond is equal to its par value of $1,000, which means that it is trading at par.
To calculate the price of a bond with a par value of $1,000, a 2.53% semiannual coupon, a 7.06% discount rate, and 28 years to maturity, we can use the following formula:
Price of bond = (C / (1 + r/n)^(nt)) + ((FV) / (1 + r/n)^(nt))
Where:
C = semiannual coupon payment = 0.0253 x $1,000 / 2 = $12.65
r = annual discount rate = 7.06%
n = number of compounding periods per year = 2 (semiannual)
t = number of years to maturity = 28
Plugging in the values, we get:
Price of bond = \(($12.65 / (1 + 0.0706/2)^(228)) + (($1,000) / (1 + 0.0706/2)^(228))\)
= $747.18 + $252.82
= $1,000.00
Therefore, the price of the bond is equal to its par value of $1,000, which means that it is trading at par.
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a promissory note received from a customer in exchange for an account receivable is recorded by the payee as: multiple choice a. a cash equivalent. b. an account receivable. c. a note receivable. d. a short-term investment. e. a note payable.
Answers
When a promissory note is received from a customer in exchange for an account receivable, it is recorded by the payee as a note receivable. The correct option is c.
What is a promissory note?A promissory note is a written promise to repay a debt that specifies the amount of money borrowed, the date of the loan, the interest rate, and the terms of repayment. A promissory note is a legally binding document that serves as proof of a borrower's debt and their commitment to repay it.
It can be used as evidence in a court of law if the borrower fails to repay the loan.In accounting, when a company receives a promissory note from a customer in exchange for an account receivable, it records the transaction as a note receivable.
A note receivable is a short-term obligation that a borrower owes to a lender and that must be repaid with interest on a specified date.
However, a cash equivalent is a highly liquid investment that is easily converted into cash, such as a money market fund, while an account receivable is a short-term asset that a company owes from a customer for goods or services provided to them.
In addition, a note payable is an obligation a company owes to a lender and must be repaid on a specific date, while a short-term investment is an investment that can be converted into cash within one year or less.
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QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answers
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
PLS HELPPP!!! FASTTT!!! A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option C will give the firm $30 million at the end of one year, and nothing thereafter. Which of these options has the highest present value?
a. Option A
b. Option B
c. Option C
d. The answer depends on the rate of interest, which is not specified here.
Answers
Answer:
i would say d
Explanation:
How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answers
Answer:22 years
Explanation:
Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
Answers
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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List three effective strategies to handle criticism, pressure, and gossip in the workplace.
Answers
Answer:
Don´t take it personally.
See criticsim as help.
Don´t be too hard on yourself.
Do not get defensive and start making excuses.
Explanation:
fresh eggs moving from farms to a retailer and then on the final consumer , identify points in the supply chain where the eggs might used to be stored. Why is it essential to move eggs quickly down the supply chain?
Answers
Eggs are regarded as the ideal food. They are vitamin and protein-rich, easy to prepare, and affordable for even the retailer most frugal food buyers. To meet demand, it is supply chain that egg production would increase by 50% by 2030.
The advantages of keeping a high supply chain velocity are several. Not only can higher supply chain velocity boost customer happiness, but it can also shorten shipment times, lower shipping costs, improve inventory tracking, and streamline operations for more retailer efficiency. It's crucial to take immediate action and foresee when supplies are likely to run low in order to promptly place orders and maintain control over supply and resources.
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External factors in a SWOT analysis include the strengths and weaknesses of an organization.
True
False
Answers
Answer:
False
Explanation:
External factors in a SWOT analysis does not include the strengths and weaknesses of an organization. The full meaning of SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. The Strengths and weaknesses are internal factors to an organization as they have management control over it and can be modify as well.
Which document is also called as charter of the company
(i)
i MOA
Ú) Prospectus
Cij AO A
(W) Registration contificate
Answers
Answer:
a. Memorandum of Association
Explanation:
Memorandum of Association is the document also called the charter of the company. Memorandum of Association is the document created and formed during the registration and the formation of a limited liability company. Memorandum of Association defines the overall relationship with all the shareholders of the company and it is used to showcase the legal existence of a company.
Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
E5-2 General Journal
Date Account Titles Debit Credit
(a)
Apr. 5
6
7
8
15
(b)
May 4
Answers
Answer:
A.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
Cr Cash $19,600
Cr Merchandise inventory $400
B. Dr Accounts payable $20,000
Cr Cash $20,000
Explanation:
A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
($23,000-$3,000)
Cr Cash $19,600
[$20,000*(100%-2%)]
Cr Merchandise inventory $400
($20,000-$19,600)
B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.
May 4
Dr Accounts payable $20,000
Cr Cash $20,000
($23,000-$3,000)
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
Answers
Explanation: none
One of the main objectives of any company should be to let the target market know of its existence.
True or False