Exercise 4) Ginger earns $3000 in wages and spends $1500 on food during September - create her income statement for the month Income Statement Income Total Expense Total Net Income wages 3000
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- 19 August KERCISE 2 Calculate Nazeer's monthly UIF contribution if his gross annual salary is R130 000,00. Moosa earns R145 215,00 per annum. Calculate the total annual UIF contribution based on this income. Mavis earns R2 320,00 per month. What is her UIF contribution? a What is the total contribution to UIF? Employee Name Moykahe Rueben Period Company Halo Halo Telephones 30/11/12 Empl No Sex Status 038 Male Married EARNINGS DEDUCTIONS Description Amount Description Amount Basic Salary 8 705,25 SITE tax 1 395,00 Pension_Income 741,35 PAYE 482,10 Med Aid_Income 645,00 UIF 87,50 TOTAL EARNINGS TOTAL DEDUCTIONS NET PAY Using the pay slip provided, answer the following questions: How much does Reuben contribute to the UIF every month? What percentage of his gross income does he contribute to the UIF? Use the pay slip to calculate Reuben's: total earnings a ii total deductions ii net pay. Samson is a gardener, who works for one employer twice a week. How many hours must he work per work…B. Word Problems for Income and Profit: Solve the following showing your solutions 1. Aletta's annual salary of $58,800 is paid weekly. She is paid at time and a half for any overtime beyond her regular workweek of 35 hours. What is her gross pay for a week in which she works 39 hours?Sandy, the owner of Sunshine Car Wash has found that her income changes depending on the number of cars she washes per month. Sandy wants to predict what her costs are going to be in the future, and has asked you to assist her with some calculations. She has given you the following information for the previous three months: September October NovemberNumber of cars washed 1 500 1 900 2 000Income for the month R61 000 R63 500 R76 000 Required:a) Use the high-low method to calculate the variable cost per unit. b) Use the high-low method to calculate the fixed cost per month c) Use the answers from questions a and b to predict the total cost for December if Sandy washes 2 200 cars.
- 2. Calculate the EI and CPP for the following employees. Find the employer portion as well. a. Biweekly salary of 2000 b. Weekly salary of 11007. ALGEBRA Tobias Gold sells computers al The Office Center. He is guaranteed a minimum salary of $1,959 per month plus 6.3 commISSIon on total sales. Ilo much in total sales does he need in order to have a gross pay for the month of $2,78184?1. Mr. Dacanay is a minimum wage earner (MWE) with a following date in a year: Compensation income (salary) ……………………. P 144,000.00 Mandatory contribution to govt (SSS Philhealth And HDF) 6,000.00 13th Month pay ------------------------------- 12,000.00 Compute the income tax present computation properly. 2. Mr. Malabag is not a minimum wage earner. He had the following data for the year. Taxable Compensation income--------------- P 280,000.00 13th month pay and other benefit exempt from Income tax ---------------------------------- 105,000.00 SSS 5,000.00 Compute the Income tax and present computation properly. 3. Mr. Cho had the following data in a calendar year. Gross sales from self-employment P 2,000,000.00 Interest on Philippine…
- What is the gross annual household income if Person A works a minimum of 3 shifts for 4 hours a month, with a hourly wage of $15.00, and Person B annual salary is $20820.51?14) An employer has computed the following amounts for its employee Mary during a week in January: gross wages $500.00; FNPF $80; LICI $50 and PAYE $25. The amount of Mary's net pay is __. The employer's total expense for Mary's employment during the week isUse the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. Marital Status Withholding Allowances Gross Earnings Combined Withholding Employee Pay Period Reese, 5. Weekly $1,161 Need Help? Read i
- Compute the net pay for both Kayla and Paula for the first week in JanuaryJason Wood earns $800 per week for a five-day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. Over how many weeks should the holiday pay and vacation pay be expensed? Principles of Cost Accounting, Chapter 3, 17eRequired information Problem 6-4A & 6-5A (Algo) [The following information applies to the questions displayed below] Joseph Farmer earned $124,800 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $10,800. Use the percentage method (or the IRS federal income tax withholding assistant) in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-4A (Algo) Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places) Federal income tax withholding Social Security tax Medicare tax State income tax withholding Check ma
