What is Leah’s total annual compensation?

Jessica is single and owns her own home. She makes $120,000 per year from her job and has no other income. She has a $300,000.00 mortgage on her home with monthly payments of $1,320, annual taxes of $3,600, heating costs of $100 per month, electricity costs of $150 per month, internet costs of $80 per month and annual home insurance of $600.00. Jessica pays $450.00 per month to lease her car and has one credit card with a limit of $10,000.00 and a current balance of $500.00. Calculate Jessica’s Gross Debt Service Ratio.   A. 17.7%   B. 20.0%   C. 17.2%   D. 29.5%

Shirley Riddle earns $2,333 biweekly. She is single and claims no withholding allowances. She saves 2% of her salary for retirement and pays $22.81 in nonexempt insurance premiums each pay period. The Social Security Tax is 6.2% from earnings to be taxed. The Medicare tax is 1.45% from all earnings. What are her net earnings for each pay period?

1. Purchased $75,180 in materials on account. Check my work 2. Issued $2,100 in supplies from the materials inventory to the production department. 3. Paid for the materials purchased in transaction (1) 4. Issued $35,700 in direct materials to the production department. 5. Incurred wage costs of $58,800, which were debited to Payroll, a temporary account. Of this amount, $18,900 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $39,900 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 5. Recognized $29,400 in fringe benefit costs, incurred as a result of the wages paid in (5). This $29,400 was debited to Payroll and credited to Fringe Benefits Payable 7. Analyzed the Payroll account and determined that 60 percent represented direct labor; 30 percent, indirect manufacturing labor, and 10 percent, administrative and marketing costs. 8. Paid for utilities, power, equipment maintenance, and other…