When a semimonthly payroll is paid, the credit to Cash is equal to the a. Total earnings
Question:
When a semimonthly payroll is paid, the credit to Cash is equal to the
a. Total earnings of all employees.
b. Total deductions for income tax and social security tax.
c. Total deductions.
d. Net pay for all employees.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (12 reviews)
When a semimonthly payroll is paid the credit to Cash is equal to the net pay for all employees ...View the full answer
Answered By
Dudhat Vaidehi
I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials.
Having taught in special education in two local schools for many years meant that I had contact with a lot of parents of special needs students. I never had to advertise — word of mouth was how most folks knew of me. At one point I did have a website, but didn't utilize it much. I stayed very busy, especially in the summers, and always had a full schedule. I typically met with each student's teacher in order to get an idea of what the focus of my instruction/remediation should be. Becoming familiar with the student's learning style(s) was also very helpful. Often parents would share records and test results with me. After each tutoring session, I documented the student’s progress and gave parents written updates, as well as phone calls or emails as needed.
While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings.
Tutoring one on one was very enjoyable and rewarding. My students and I had fun, and grew quite fond of one another. The extra income was a bonus. I had to retire from tutoring due to a physically handicapping disease, and miss my students very much.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The annual earnings of all employees with CPA certification and 6 years of experience and working for large firms have a bell-shaped distribution with a mean of $134,000 and a standard deviation of...
-
According to ABS figures, average weekly total earnings of all employees in Australia is $1179 per week. Take this population standard deviation to be $45 per week. If a representative random sample...
-
Social Security is funded through a payroll tax that is separate from the federal income tax. It works in a way similar to the following example: For the first $1,800 in weekly earnings, the...
-
Suppose you are interested in purchasing AT&T stock. You know that AT&T stock has had an average rate of return of 8 % over the last 5 years. Explain how you could use descriptive statistics to help...
-
Suppose you and I have the same homothetic tastes over x1 and x2, and our endowments of the two goods are EM = (eM1, eM2) for me and EY = (eY1, eY2) for you. A (a) Suppose throughout that, when x1 =...
-
iCover produces bags for carrying laptop computers. iCover sells 1,000,000 units each year at a price of $20 per unit and a contribution margin of 40%. To respond to customer complaints, iCover's...
-
What are the basic audit differences between an E.DP and a manual system?
-
The adjusted trial balance columns of the worksheet for Savaglia Company are as follows. Instructions Complete theworksheet. SAVAGLIA COMPANY Worksheet (partial) For the Month Ended April 30, 2017...
-
Explore the security mechanisms in place to isolate processes and prevent unauthorized access to system resources. How do modern operating systems use features like chroot, namespaces, and privilege...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
When employees are paid, what amount is credited to Cash in Bank?
-
a . In what expense account are employees earnings often recorded? b . List the accounts in which the payroll liabilities for federal income tax and Medicare tax are recorded.
-
Describe the structure of banks in terms of bank charters, branch banking, and bank holding companies.
-
Which of the following statements is true? A. You can only interact with OCI resources using the CLI and Terraform. B. You can only interact with OCI resources using the CLI, Terraform, and SDKs. C....
-
What is hypnosis, and are hypnotized people in a different state of consciousness?
-
Thinking of an object only in terms of its typical use is known as ____________________. A broader, related tendency to approach a problem in a certain way because that method worked previously is...
-
A(n) __________is a meaningful group of stimuli that can be stored together in short-term memory.
-
The High End Company is a retail department store chain. The companys fiscal year ends on the Saturday closest to January 31 of each year. The company is publicly held and submits quarterly financial...
-
On January 1, 2018, the general ledger of Big Blast Fireworks includes the following account balances: The $30,000 beginning balance of inventory consists of 300 units, each costing $100. During...
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
Betty incurs the following transactions during the current year. Without considering the transactions, her 2016 AGI is $40,000. Analyze the transactions and answer the following questions: On March...
-
Joe is a single, self-employed individual who owns his own business. During 2016 Joe reported $200,000 gross income and $60,000 expenses from his business. He also paid $30,000 in alimony to his...
-
For 2016, Mario, a single individual with no dependents, receives income of $55,000 and incurs deductible expenses of $9,000. a. What is Marios taxable income assuming that the expenses are...
-
Ridge Crest Company has beginning Retained Earnings of $23,000, ending Retained Earnings of $32,600, and net income of $15,500. What was the amount of dividends declared during the year?
-
Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.50 per unit Fixed selling and administrative...
-
Shadee Corporation expects to sell 640 sun shades in May and 380 in June. Each shade sells for $134. Shadee's beginning and ending finished goods inventories for May are 70 and 40 shades,...
Study smarter with the SolutionInn App