Answer is option A) $3,375
Calculation:
Monthly salary=28,200/12=2350 it is given semi monthly, so at the end of the month half of the amount only is still pending to be received and half amount was already collected, mid of the month.
Hence. 1/2 of 2350. = 1,175
5% commission= 44000*5%=. 2200
Hence total 1175+2200=3375
Tube Maps Quiz Help Save & Exit During his first month of employment, Micah took a...
Andy worked for High Speed Bikes Inc. from March 1st to December 31st during 20x1. He earned a monthly base salary of $4,000, plus 1% commission on all of his sales. During 20x1, Andy's sales totaled $800,000. Andy was required by his employer to pay for his employment expenses. He traveled out of his city most days in order to sell to customers in surrounding towns. He received a monthly allowance of $500 to cover his traveling costs (which has...
Paul Fenson is employed as a shipping supervisor. In the evenings and on weekends, he holds a second job as a real estate salesman for a national real estate firm. His financial information for 2020 is as follows: 1. His salary from his day job is $60.000 per annum. However, the employer deducts a number of items from his salary, and so his net take-home pay is only $40.846. The following amounts were deducted in 2020: Income tax Union dues...
Cost function; breakeven; targeted profit; uncertainties and bias; interpretationJoe Davies is thinking about starting a company to produce carved wooden clocks. He loves making the clocks. He sees it as an opportunity to be his own boss, making a living doing what he likes best. Joe paid $300 for the plans for the first clock, and he has already purchased new equipment costing$2000 to manufacture the clocks. He estimates that it will cost $30 in materials (wood, clock mechanism, etc.)...
Use program control statements in the following exercises: Question 1 . Write pseudocode for the following: • Input a time in seconds. • Convert this time to hours, minutes, and seconds and print the result as shown in the following example: 2 300 seconds converts to 0 hours, 38 minutes, 20 seconds. Question 2. The voting for a company chairperson is recorded by entering the numbers 1 to 5 at the keyboard, depending on which of the five candidates secured...
Project Seved their first adventure races. These races wil involve four person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes course for outdoor enthusiasts. On July 1, 2021, Tony and Surle organize their new company as a corporation, Great Adventures Inc. The articles of incorporation state that the corporation will sell 34,000 shares of...
just need help with #8 (the first three pics)
Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Calculation of Cash receipts from customers: April May June Total budgeted sales 40,000 S 124,296 83347 Cash sales 30%| Sales on credit Book 70% Ask Total cash receipts from customers Print April May June Ferences Current month's cash sales Collections of receivables Total cash receipts $ 0 $ ZIGBY MANUFACTURING Cash Budget April, May, and...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
Problem Chapters 1-6 Help Required information The following information applies to the questions displayed below) Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail...
1) Mr. and Mrs Smith are considered residents of Canada for tax purposes They have asked you )On what date must Mr. Smith's tax obligation for 2015 tax year be paid? b) On what date must Mr. Smith fille his tax return by? c) On what date must Mrs Smith's tax obligation for 2015 tax year be paid? d) On what date must Mrs. Smith file her tax return by? Additional information is as follow Mr. Smith's Source of income...
For a the original journal entry was for a
Cash 5500
Service revenue 5500
c. the second note is for 40,000, 9 month note at 6%
D. Equipment 1. purchased 1/1/19 was bought for 60,000
Equipment 2 purchased for 45,000 on 12/1/19
J. 12/1 last pay day for this employee was on 12/27
Hired Tailer Sift as a staff accountant who will be paid $400
per day for a 5-day (M-F) work week. Payday is every other Friday
for the...