(Obj. 2) Ricardo works two jobs each day, Monday through Friday. He works eight hours at his first job and three hours at his second job. He drives the following miles each day: Home to first job First job to second job Second job to home 20 miles 12 miles 30 miles If Ricardo follows this routine for 250 days during 2018, how many miles qualify for the mileage deduction? a. b. Compute Ricardo's mileage deduction using the standard mileage method.

(Obj. 2) Ricardo works two jobs each day, Monday through Friday. He works eight hours at his first job and three hours at his second job. He drives the following miles each day: Home to first job First job to second job Second job to home 20 miles 12 miles 30 miles If Ricardo follows this routine for 250 days during 2018, how many miles qualify for the mileage deduction? a. b. Compute Ricardo's mileage deduction using the standard mileage method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 04.
Last week, Andy worked from Monday to Saturday, rendering nine hours each day. She is paid 790 pesos for every day of regular eight-hour work. a) Determine her gross pay for the week if she worked nine hours each day from Monday to Saturday, considering that Monday was supposed to be her rest day and still worked. b) Determine her gross pay for the week if she worked nine hours each day from Monday to Saturday, considering that Monday was supposed to be her rest day which was also declared as special holiday and still worked.
answer the following questions and show your steps for your calculations (you must show the applicable details for each question; for example YMPE = $, YBE = $, Contribution Rate = %): . Assume the year is 2021. Rachel who just turned 28 works for Tech Industries and makes an annual income of $52,000. Calculate total employee and employer contributions. b) Sasha has been employed with Planters Inc. since 2012. She earned a salary of $85,000 this year. Calculate total employer and employee contributions. c) Angela’s dad had hired her to work part time for his business while she was in grade 8. He had her doing some filing and answering phones over the summer and paid her $22,500. Calculate total employee and employer contributions. d) Qui had just turned 18 and made $2,495 while going to school. Calculate total employee and employer contributions. e) Terence is self-employed and made an income of $222,000 this year. Calculate both the employer and employee contribution. f) Franco has a…
John worked 46 hours last week, with time-and-a-half for over 40 hours per week. Find his gross pay, if he earns $9.23 per hour.
Brittany, who is an employee, drove her automobile a total of 20,000 business miles in 2022. She drove 10,000 miles in the first half of the year and 10,000 miles in the second half of the year. This represents about 75% of the auto's use. She has receipts as follows: parking(business only) $500 tolls (business only) 200 Repairs $1000 Brittany's AGI for the year of $50,000, and her employer does not provide any reimbursement. She uses the standard mileage rate method. After application of any relevant floors or other limitations, Brittany can deduct A) $0. B) $12,000. C) $11,825. D) $13,000.
i need help please its due in 10 mins for federal tax accounting George works for a construction company that builds large commercial buildings. These projects often last 10 -18 months. George's work office is in Dallas, Texas. However, he often supervises building projects out of state. In 2023, George was assigned to work on a project in Tucson, Arizona. The project was expected to last for 16 months. The company will pay for George's travel to Arizona, his lodging while there, and his meals. Can the company deduct the expenses related to George's travel to Arizona? Be sure to fully explain your answer and the applicable rules.
Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the week Monday 8 hours Tuesday 9 hours Wednesday 8 hours Thursday 9 hours Friday 8 hours Saturday 3 hours Sunday 2 hours The following amounts were deducted from Awaseb's weekly wage: Income tax (PAVE) 25% of taxable income Social security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week. Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively. Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer. Required: Calculate the net wage earned by Awaseb during the week.
I've never done one like this before could someone explain it to me? Usually I do it based on weekly, monthly pay ect.
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The Wash Your Paws Self-Service Dog Wash, a California business, had two employees during the year. Lindsey worked from January through March 15 and earned $2,750. Avery worked for the whole year and earned $20,000. The State of California assesses unemployment tax at the rate of 5.4 percent. Calculate the total FUTA tax after the credit for the state unemployment tax.