1. Using the minimum wage presumption, what is the net earnings?  Minimum wage of $7.25.

Q: How to determine the estimated net cost of benefits to the employer?

A: In an organizational setting, when business activities are carried out it results in some benefits…

Q: Explain The various employee benefits in an organization: 1-Social Security : 2-Workers'…

A: The payments which is made by employers to its employees that are beyond the wages paid. Typically,…

Q: difference between Gross Earnings and Net Earnings

A: Gross earnings and Net earnings are two terms used in financial accounting while computation of the…

Q: What is a description of loss of self-employment income statment? Give example

A: When the expense exceed the revenue then it result in loss. Self employment means the person is not…

Q: Question 19 Which of the following is not an expense? Prepaid Expense. Cost of Good Sold. Salary…

A: Expense and revenues are two important element of income statement of business. Net profit is…

Q: Define the term Temporary earnings.

A: Earnings: The term earnings refer to the amount of money the company had earned during a particular…

Q: How to calculate salaries payable

A: Salaries payable can be defined as the liability account containing the amount of salaries, if any,…

Q: How to calculate FIT on payroll register? What is the equation or numbers I am supposed to use to…

A: Before calculating payroll taxes, the employees will need to complete these new employee documents,…

Q: What are the three measurable components of daily earnings at risk?

A: The potential loss in the portfolio's value over a one-day unwind time period because of the…

Q: How does the pay-as-you-go procedure apply to wage earners? To persons who have income from sources…

A: A tax is a payment levied by the order of Federal, state, or local government agencies and collected…

Q: difference between Wages and Salary?

A: Wages and salaries are the remuneration paid to the employees by the employer for their contribution…

Q: Use examples to support your answer above. (What kind of expenses is allowable for Self-employed)

A: A self employed person is the person who is working on their own means he or she is the boss of…

Q: What is Jasimes adjusted grosss income?

A: Adjusted gross income: Adjusted Gross Income is the difference between the gross income minus…

Q: How would I determine January's net income?

A: An income statement is a financial statement used for reporting the financial performance of the…

Q: Define Employee discounts.

A: Discount:   It is a portion of money that is deducted from the selling price of a product or a…

Q: Define Non-GAAP Earnings.

A: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to create…

Q: 3. What is the compensation expense in 2021?

A: Compensation Expense= Compensation Expense are Expenses made in exchange for services rendered…

Q: what is an example of a specific wage concession in the recent past?

A: In the past few years, there have been a number of specific wage concessions made by various…

Q: Define gross pay.

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Give the formula to determine taxable wages

A: Any money earned by an individual is subject to government taxation. Hourly pay, overtime pay, a…

Q: Record the employer's benefit expense.

A: Payroll taxes are defined as the amounts collected by the government or revenue collection authority…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: 6. It is basically the amount of an employee's SSS contribution.

A: Full form of SSS is Social Security System. SSS deduction is reflected on employee payslip in every…

Q: calculate samsam salary after deductions

A: Salary after deduction can be calculated by subtracting the total deductions claimed during the…

Q: How incrising minimun wages affect compensation ?

A: Raising the minimum wage would make it more expensive to hire low-paid workers as it would be…

Q: what should be withheld from a bonus in the year it is paid?

A: Explanation and correct answer is given below,

Q: 2. Explain the distinction between permanent and temporary earnings as it relates to the concept of…

A: Earnings quality refers to the ability of reported earnings to estimate a company future earnings.…

Q: Define the term Annual bonuses.

A:

Q: Why is the net income .90

A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…

Q: Why Wages Fund Theory of Wages is the most applicable nowadays”

A: The theory of wages defines the method being followed by the contractor for paying the payment to…

Q: explain mean reversion in earnings and how the accruals component of earnings aff ects thespeed of…

A: Earnings mean reversion means earnings of the company come to a normal level if the earnings for…

Q: ccounting" What are you looking for in terms of compensation and benefits?

A: Accounting is the process of measuring, processing, and communicating financial information about an…

Q: It is a person's earnings before deduction. Salary Wage Gross pay Net pay

A: Employment is one of the major economic activities. Employees get some remuneration from their…

Q: On what information return is the employment income of an individual reported?   Question 10…

A: Answer: Employment income and other income are to be reported in the return.

Q: Which of the following is the process of deciding on the schemes of financial incentives in addition…

A: Financial incentives are given to the employees and workers of the entity to motivate them so that…

Q: Net income may be based on estimates.   true or False

A: Net income: Net income is the revenue of the company after deducting all the expenses and taxes. It…

Q: Are there unofficial measurements of income earning

A: In the accounting world, non-GAAP (Generally Accepted Accounting Principles) measurements are called…