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1 year ago

Explain why two employees at a company, earning the same gross pay, might have different net pays.

Business

2 answers:

aliina [53]1 year ago

5 0

Answer:

Gross pay is the total amount of money an employee is entitled to at the end of a working period while Net pay is the money an employee gets at the end of a working period after all necessary deductions must have been done.

Explanation:

Gross pay of two emloyees might be the same without having the same net pay because the deductions made from the gross pay to arrive at their net pay may be different. deductions such as pension, housing allowances, car allowances, transport allowances vary across employees and this might lead to the discrepancy.

Orlov [11]1 year ago

4 0

It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .

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The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable $ 10 comma

Ksenya-84 [330]

Answer:

$7700

Explanation:

Net Income = Revenue - Expenses

= 9000 - 1300 = $7700

7 0

2 years ago

The following information relates to Mapfes Manufacturing Corporation for next quarter: January February March Expected sales (i

prohojiy [21]

Answer:

Number of units which company plan to produce in February is 352000

Explanation:

We have given expected sales in January, February and march is 440000, 390000 and 380000 units respectively

And desired needing finished goods in inventory in January, February and march is 39000, 38000 and 40000 units respectively

We have to find the how many units company plans to producing for month February

Number of units which company plan to produce in February = 390000 - 38000 = 352000

6 0

2 years ago

Global use of cell phones grew rapidly between 1989 and 2000. below is a scatterplot of the percentage of people in the world wh

Minchanka [31]

Answer:

Explanation:

The regression equation is,

ln(Cell Phone Subscribers) = -820.894 + 0.411704 Year

or,

Percent of Cell Phone Subscribers = exp(--820.894 + 0.411704 Year)

For the year 2005,

Percent of Cell Phone Subscribers = exp(--820.894 + 0.411704 * 2005)

= 96.79%

P-value for the significance of the slope is very low (0.000). Thus, the model is statistically significant and the prediction of the model is highly reliable.

5 0

2 years ago

At the beginning of the year, Parent Company purchased all 500,000 shares of Sub Incorporated for $15 per share. Just before the

Free_Kalibri [48]

Answer:

The amount of goodwill that Parent should report as a result of its acquisition of a Sub is $500,000

Explanation:

The calculate of the goodwill of a company at its acquisition you have to subtract the total fair market value of its assets and liabilities from the price paid.

For this case:

Price of purchase: 500,000 shares at $15 per share that is $7,500,000

Fair market value of its assets and liabilities is $7,000,000 ($6,000,000 + $1,000,000) The value of net assets reported by Sub's + $1,000,000 extra determined by parets as fair value.

$7,500,000 - $7,000,000 = $500,000

5 0

2 years ago

Pacific Ink had a beginning work-in-process inventory of $861,960 on October 1. Of this amount, $351,920 was the cost of direct

andrew11 [14]

Answer:

Cost of goods transferred out (FIFO) = $ 6122589.82

Cost of Ending Inventory = $ 939,470.18

Explanation:

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 114,000 100 100 114,000 114,000

Ending Inventory 36,000 80 40 28,800 14400

Total Equivalent Units Of Production 142,800 128,400

Direct Materials= $ $2,721,900/142,800 = $ 19.0761

Conversion Costs = $3,478,200/ 128,400= $ 27.089

Cost of Ending Inventory = $549,391.68 + $390,078.5= $ 939,470.18

Materials = $ 19.0761* 28,800 = $549,391.68

Conversion Costs =$ 27.089 *14400 = $390,078.5

Beginning work-in-process inventory Costs $861,960

Costs incurred During the period= $2,721,900 + $3,478,200= $ 6200100

Cost of goods transferred out = Beg Inventory + Units Started- Ending Inv

Cost of goods transferred out =$861,960 + $ 6200100-$ 939,470.18

Cost of goods transferred out = $ 6122589.82

8 0

2 years ago