If a new full-time employee is paid $40,000 a year, and taxes and insurance add 20% of wages to the cost, what is the total cost of the employee to the company? Answer 2$
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- A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on his monthly sales of Ρhр 85,000.00 is his benefit. His sales last month was Ρhр 115,750.00 and this month is Ρhр 72,951.00.Comрute his two months earnings?Consider the raise (in dollars) that an employee making $21,000 would receive. Estimate the raise by completing the following sentences. If an employee made half of $28,000, or $14,000, they would receive a raise that is half $1,000. Therefore, since $21,000 is between $14,000 and $28,000 , the employee making $21,000 would receive a raise that is betwen $500 and $1,000. What fraction of $28,000 is $21,000? B. Consider the raise (in dollars) that an employee making $35,000 would receive. Estimate the raise by completing the following sentences. If an employee made one and a half times $28,000, or $42,000, they would receive a raise that is one and a half times $1,000. Therefore, since $35,000 is between $28,000 and $42,000, the employee making $35,000 would receive a raise that is between $1,000 and $1,500. What fraction of $28,000 is $35,000? Determine the actual raise (in dollars). C. Consider the raise (in dollars) that an employee making $27,050 would receive. The…Brenda Sheldon, CPA, pays her new staff accountant, Abby , a salary equivalent to $21 per hour while Brenda receives a salary equivalent to $37 per hour. The firm's predetermined indirect cost allocation rate for the year is $11 per hour. Sheldon bills for the firm's services at 34% over cost. Assume Brenda works 6 hours and Abby works 8 hours preparing a tax return for Mikayla Touchstone. 1. What is the total cost of preparing Touchstone's tax return? 2. How much will Brenda bill Touchstone for the tax work?
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- The owner's of a small manufacturing concern have hired a manager to run the company with the expectation that he will buy the company after 5 years. Compensation of the new vice president is a flat salary pluss 75% of the first $150,000 profit, then 10% of profit over $150,000. Purchase price for the company is set at 4.5 times earnings (profit), computed as average annual profitability over the next five years. Q1- Does this contract align the incentives of the new vice president with the profitability goals of the owners? Q2- Redesign the contract to better align the incentives of the new vice president with the profitability goals of the owners.Merit pay increases create a cost burden to employers because these increases carry over to base pay each year. At the end of 2015, Anne Brown earned $50,000 per year as a systems analyst and John Williams earned $35,000 per year as an administrative assistant. Each received a 5 percent pay increase every year until the year 2020. Anne Brown ($) John Williams ($) 2016 $52,500 $36,750 2017 $55,125 $38,587 2018 $57,881 $40,516 2019 $60,775 $42,542 2020 $63,814 $44,669 Let’s assume that both employees have reached the maximum pay rates for their jobs in 2015. Under a longevity pay system, calculate the annual longevity payments for each employee for years 2016 through 2020.Azree an accountant, working for a foreign consultant firm and earning RM 78,000 per year is contemplating giving up his job and set up his own tax consultant firm. He estimates that renting an office would cost RM 780 per month, hiring a secretary with salary RM 1,500 per month and purchasing for required supplies would cost him RM 10,000 per annum. He estimated that his total revenues for the year would be RM 120,000. a) Calculate the explicit cost and implicit cost
