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 =...
-
Bracewell Ltd. reported net income of 195,000 for 2025. Bracewell also reported depreciation expense of 40,000 and a gain of 5,000 on disposal of plant assets. The comparative statements of financial...
-
The case history in this section of the book discussed a large two-pole motor, operating on a 60 Hz-power, sleeve-bearing machine with high axial vibration at 7,200 cpm. The motor was 2,500 hp, and...
-
During April, Dryden Companys material purchases amounted to 6,500 pounds at a price of $ 7.40 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor:...
-
Mickley Company's plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct...
-
Draw each of the following vectors, label an angle that specifies the vectors direction, then find its magnitude and direction. a. B(vector) = -4i + 4j b. r(vector) = (-2.0i - 1.0j) cm c. v(vector) =...
-
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.
-
Multiply (2x 3 3x 2 + 5) by (2x 1).
-
A cleanroom bay has 1,500 lbs/min of dry air passing through it. The equipment in the bay heats the air by 2.5 F. Approximately how much cooling capacity in BTU/min do we need to remove this added...
-
You purchased one share of Best Buy CO . , Inc for $ 5 0 . 2 6 per share. The company paid a dividend of $ 5 . 5 3 per share during the year, and had an ending share price of $ 7 0 . 0 6 . What is...
-
Sunrise Pools and Spas manufactures fibreglass forms for in-ground pools and swim spas for all- season use. The company uses variable costing for internal management reports and absorption costing...
-
A motor is exerting a clockwise torque on a wheel, with a force of 24.4 N, and a lever arm of 0.22 m. An outside force is exerting a counter-clockwise torque, with a force of 7.9 N, and a lever arm...
-
Walker Company reported the following year-end information: Beginning work in process SA $ inventory 46.000 Beginning raw materials 24,000 inventory Ending work in process 50,000 inventory Ending raw...
-
A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016, follows: Cash receipts: Cash received from customers ................................ $1,465,000 Cash received...
-
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
-
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...
-
Many American car manufacturers are located in the Southeast. Due to hurricane season, the Southeast has gotten a significant amount of rain, causing vast flooding. How is the supply of cars impacted?
-
Suppose that the cost in dollars for a weekly production of x tons of sugar is given by the following function (a) Find the marginal cost. 1 C(x) = x+3x+200. (b) Find the cost and marginal cost when...
-
16. An IEEE standard 32-bit floating point number is N = -15 x 2E-127 x 1.F, where S is the sign bit, F is the fractional mantissa, and E the biased exponent. a. Convert the decimal number 123.5 into...
Study smarter with the SolutionInn App