Question
Help Please, I'm super confused... An employee has gross earnings of $2,400 with withholdings of 6.2% FICAminusOASDI, 1.45 % FICAminusMedicare, $100 for federal income tax
Help Please, I'm super confused... |
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An employee has gross earnings of $2,400 with withholdings of 6.2% FICAminusOASDI, 1.45 % FICAminusMedicare, $100 for federal income tax and $ 40 for state income tax. How much is the gross pay? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest whole dollar.) a. 2,116 b 2.076 c. 2,176 d. 2,400 < I think this one Payment for merchandise sold on credit for $100 subject to 1/10 n/30 was received within the discount periodlong dash$99 was received. This was recorded with a debit to Sales Discounts for $1, a debit to Cash for $99, and a credit to Accounts Receivable $100, but no mention was made of the subsidiary ledger account. This error will cause:
A.the assets to be overstated.
B.the net income for the period to be understated.
C.the net income for the period to be overstated. << I think this one
D.the control account to not agree with the subsidiary ledger.
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The bank deducted another company's check from our account. This would be included on the bank reconciliation asa(n):
A.addition to the balance per books.
B.subtraction from the balance per books. << I think this one
C subtraction from the balance per bank.
D addition to the balance per bank. The first two numbers of the ABA code listed on the check represent:
A.the code indicating business or personal account.
B.the Federal Reserve District. << I think this one
C.the account number.
D.the routing number.
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On June 15, Bob Love earned $5,000 and has the following deductions: FICAminusOASDI 6.2%, FICAminusMedicare 1.45%; federal income tax of $300; and state income tax $40. What is his net pay?
A.$3,400
B.$4,454
C.$5,000
D.$4,277.50 << I think this one
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