When should the percentage method be used instead of the wage-bracket method?
Question:
When should the percentage method be used instead of the wage-bracket method?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (21 reviews)
The percentage method is appropriate when the ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Payroll Accounting 2019
ISBN: 978-1259917073
5th edition
Authors: Jeanette Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
Under which circumstances could the percentage method be used to determine federal income tax withholding amounts?
-
Samantha Cordelia, an intermediate accounting student, is having difficulty amortizing bond premiums and discounts using the effective-interest method. Furthermore, she cannot understand why GAAP...
-
Samantha Cordelia, an intermediate accounting student, is having difficulty amortizing bond premiums and discounts using the effective-interest method. Furthermore, she cannot understand why GAAP...
-
Rocket Science A rocket has total mass Mi = 360 kg, including 330 kg of fuel and oxidizer. In interstellar space it starts from rest, turns on its engine at time t = 0, and puts out exhaust with...
-
The Carnot engine of Fig. 5.33 operates with an efficiency of 60% by rejecting energy to a heat sink maintained at a) 30°C, b) 20°C, c) 10°C. If the rejected heat rate is 50 kJ/s,...
-
What is transportations role in purchasing?
-
In Exercise 7.29 (p. 371), the inflation forecasts of nine economists that were made in June 1999 and January 2000 were reported. These forecasts, obtained from the Wall Street Journal, are...
-
Two pendulums have the same dimensions (length L) and total mass (m). Pendulum A is a very small ball swinging at the end of a uniform mass less bar. In pendulum B, half the mass is in the ball and...
-
Consider a large public firm is presented with an opportunity to purchase a very large factory, however the firm needs to act quickly to make the purchase. The firm will most likely: A. Get with...
-
1. Using the Andersons' information, determine the total amount of their itemized deductions. Assume that they'll use the filing status of married filing jointly, the standard deduction for that...
-
How does the percentage method work?
-
What are two examples of garnishments?
-
(a) identify any outliers (b) draw a modified box-and-whisker plot that represents the data set. Use asterisks (*) to identify outliers. 75 78 80 75 62 72 74 75 80 95 76 72
-
4) This question concerns the simulation of price trajectories in the Black-Scholes model. We therefore want to simulate price vectors: (St St, Str); where tiit, i=0,1,..., n. The total number of...
-
Consider a pure exchange economy with two goods, (x,y), and two consumers, (1,2). Con- sumers' endowments are e (4,2) and e = (6,6) and their preferences are represented by utility functions: u(x,y)...
-
O The national highways agency releases information on the pro- portion of people not wearing seatbelts, aggregated by city. The data comes from random traffic stops conducted between 8am and 9am on...
-
Ivanka's Budgeted Income Statement You are the accountant for Ivanka Ltd which operates a small mixed business. The following estimates relate to the base year (Year 1): Sales of product A $100 000...
-
1. Implement the function of a XNOR gate by a 2 to 4 decoder. Use logic gates if needed at the output. 2. The following question is to design an octal to binary encoder. a) Write down the truth table...
-
For the following exercises, find all solutions exactly to the equations on the interval [0,2). sin(2x) 2 csc x = 0
-
A sample statistic will not change from sample to sample. Determine whether the statement is true or false. If it is false, rewrite it as a true statement.
-
What constitutes internal controls for a payroll department?
-
Embry is a new employee of the Peak House restaurant. Which of the following will provide proof of identity for the completion of the I-9? (Select all that apply.)
-
What are the important considerations in setting up a payroll system?
-
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
-
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
-
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...
Study smarter with the SolutionInn App