Answer:
$18,200
Explanation:
Calculation to determine what Jarrod may exclude from his gross income.
Using this formula
Gross income=Tuition+Books and supplies
Let plug in the formula
Gross income= $16,800 + $1,400
Gross income=$18,200
Therefore Jarrod may exclude $18,200 from his gross income.
Answer and Explanation:
As per the given question the solution of given points is given here:-
a. Regular pay for the week = Rate of pay × Hours per week
= $12 × 40 hours
= $480.00
b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times
= $12 × 8 hours × 1.5 times
= $144.00
c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)
= $38.69 + $9.05 + $54 + $522.6
= $624.00
d. Social security withheld = Total gross wages × Social security tax
= $624 × 6.2%
= $38.69
e. Medicare tax withheld = Total gross wage × Medicare tax rate
= $624 × 1.45%
= $9.05
f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld
= $38.69 + $9.05 + $54
= $101.74
g. Net pay = Total gross wages - Total withholding
= $624.00 - $101.74
= $522.26
2. The Journal entry is here below:-
Wage Expense Dr, 624
To Social security taxes payable $38.69
To Medicare Tax Payable $9.05
To Federal Income Tax Payable $54
To Wages Payable $522.26
(Being the payroll is recorded)
Answer:
- The earnings per share of common stock is closest to
D. $11.41.
Explanation:
To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,
which is , $2,532,000 - (200,000*1,25= $250,000) = $2,282,000
Then we calculate the Earning/Share Ratio : $2,282,000/200,000 = 11,41
Shares of Common stock outstanding 200.000
Shares of Preferred stock outstanding 200.000*$1,25 = $250.000
NET INCOME Available $2,282,000 = $ 2,532,000 - $250,000
Answer:
c. Sparkling water, evening wine tasting, four-star hotel restaurant
Explanation:
The scratch list in general includes a series of services that are provided by a Hotel (the Boston Hotel). Because of the items included in the list, it seems that the Hotel is quite fancy.
Numeral c would be a good addition to the scratch list, because it lists items that would fall in place for the type of Hotel being described: sparking water, evening wine tasting, and a the mention of a four-star hotel restaurant.
