When should the percentage method be used instead of the wage-bracket method?
Question:
When should the percentage method be used instead of the wage-bracket method?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
The percentage method is appropriate when the ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Payroll Accounting 2019
ISBN: 978-1259917073
5th edition
Authors: Jeanette Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
Under which circumstances could the percentage method be used to determine federal income tax withholding amounts?
-
Samantha Cordelia, an intermediate accounting student, is having difficulty amortizing bond premiums and discounts using the effective-interest method. Furthermore, she cannot understand why GAAP...
-
Samantha Cordelia, an intermediate accounting student, is having difficulty amortizing bond premiums and discounts using the effective-interest method. Furthermore, she cannot understand why GAAP...
-
Rocket Science A rocket has total mass Mi = 360 kg, including 330 kg of fuel and oxidizer. In interstellar space it starts from rest, turns on its engine at time t = 0, and puts out exhaust with...
-
The Carnot engine of Fig. 5.33 operates with an efficiency of 60% by rejecting energy to a heat sink maintained at a) 30°C, b) 20°C, c) 10°C. If the rejected heat rate is 50 kJ/s,...
-
Describe normal costing and actual costing systems.
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically attractive?...
-
Eric Ishton, a manager of the Plate Division for the Stone Ware Manufacturing company, has the opportunity to expand the division by investing in additional machinery costing $430,000. He would...
-
A Rolls-Royce Phantom weighing 2.49 x 104 N is traveling in the +x direction with an initial speed of 40.2 m/s when the driver hits the brakes. The car slows to a stop in 5.60 s. If the acceleration...
-
The following are the statements of financial position of two companies at 31 October 2018, the end of their most recent financial years: The following additional information is available: 1). On 1...
-
How does the percentage method work?
-
What are two examples of garnishments?
-
A train running along a straight track at 30 m/s is slowed uniformly to a stop in 44 s. Find the acceleration and the stopping distance.
-
For over thirteen (13) years, Mary Taylor has been developing training packages for Drake Education Solutions (DES). Originally, the training packages she designed and compiled were for face-to-face...
-
Outsourcing has become a staple of many industries in today's competitive, impatient world. It undoubtedly has its advantages and disadvantages, and can be seen in many aspects of public and private...
-
The Bruin's Den Outdoor Gear is considering a new 6-year project to produce a new tent line. The equipment necessary would cost $1.35 million and be depreciated using straight-line depreciation to a...
-
When providing feedback to your peers, comment on what they posted as the most important element of PMBOK. Demonstrate more depth and thought than saying things like "I agree" or "You are wrong."...
-
What are the underlying assumptions and dominant model of Mechanistic and Organic systems? Who are the major theorists, and what are their key arguments and contributions? What are the strengths and...
-
The rotor in a centrifuge has an initial angular speed of 430 rad/s. After 8.2 s of constant angular acceleration, its angular speed has increased to 550 rad/s. During this time, what were (a) The...
-
Find the cross product a x b and verify that it is orthogonal to both a and b. a = (t, 1, 1/t), b = (t 2 , t 2 , 1)
-
What constitutes internal controls for a payroll department?
-
Embry is a new employee of the Peak House restaurant. Which of the following will provide proof of identity for the completion of the I-9? (Select all that apply.)
-
What are the important considerations in setting up a payroll system?
-
Using two-way Set-Associative mapping method, design two-way mapping for cache memory from main memory. Explain why you need each condition and show all intermediate calculation procedures. You must...
-
18) Under the proration approach, the sum of the amounts shown in the subsidiary ledgers will not match the amounts shown in the general ledger because no adjustments from budgeted to actual...
-
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly...
Study smarter with the SolutionInn App