Should the cash value of Oberstar’s meals be included as part of his taxable wages? Explain.

Q: Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is…

A: Compute the net pay.

Q: Lorenzo Ricci, a 38-year-old computer programmer, earns $85,000 a year. His monthly take-home pay is…

A: Disability insurance is a type of insurance in which benefits are received by the insured if the…

Q: Omar Maneely is a non-exempt employee and is employed by the same employer in two jobs, one as an…

A: Salary is the payment made to the employee from the employer for the service provided by the…

Q: When employees of County Bank are summoned toserve on jury duty, the firm pays its workers the…

A: Federal insurance contribution act (FICA) taxes are the payroll taxes that are withheld from…

Q: Advise Sam’s employer as to the FBT consequences (using statutory formula method) arising out of the…

A: FBT stands for the fringe benefit tax. It is the benefit which an employee receives from his or her…

Q: What is Leah’s total annual compensation?

A: The total annual compensation of Leah would consists of annual salary plus employer's contribution.…

Q: Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is…

A: In the purview of the given question, we are required to compute the tax on the bonus, and net…

Q: Cardo  is private rank and file employee working in a remote an Internet Company received the…

A: Answer: Concept: De minimis benefits are those benefits that are given by employer to employee .…

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A:

Q: During the summer of 2019, college student Jason worked for his uncle, a painting contractor, for…

A: Tax is a charge which is charged on the taxable income of a taxpayer. A self-employment tax is…

Q: Leanne is a government employee and has 10 days sick leave credits and 7 days vacation leave…

A: If a person , who is government employee can pay for the sick leave and vacation leave also, if he…

Q: ax provided she opted to use the graduate rate?

A: Pay as you earn system or tax deduction at source in some countries are the advance tax payment…

Q: In Oregon, employers who are covered by the state workers' compensation law withhold employee…

A: Workers’ compensation insurance: This is the insurance provided by the employer’s to compensate the…

Q: Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in…

A: Gross earnings = (40 hours x $22 per hour) + (Hours in excess of 40 hours x $33 per hour) =(40 hours…

Q: Ben works five days a week and earns $240 a day. She worked her last regularly scheduled work day…

A: Regular wages refer to the amount that is paid at the constant rate at proper intervals including…

Q: Cardo works in a private company. he received de minimis benefit during the taxable year. How much…

A: Non taxable De minimis are allowances which are exempted or partially exempted from tax.

Q: Elize’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess…

A: Gross earnings for an employee or an individual is the total income earned by him or her in a period…

Q: Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay rate is…

A:

Q: A taxpayer is employed by Zara, the clothing retailer, who incurred the following expenses in regard…

A: Section 8-1 of the Income-tax Assessment Act, 1997 states that an amount of expense can be claimed…

Q: If Steve were too badly injured to work as a mobile crane operator, he assumes that he can work in…

A: Insurance is an agreement between two parties in which the insurance company promises to make the…

Q: Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360.00…

A: Net pay is the final pay after taking into consideration all the deductions.  The calculation is…

Q: Faith Battle operates a health food store, and she has beenthe only employee. Her business is…

A:

Q: John Waits owns a small shop with two employees. For one payroll period the total withholding tax…

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: Thuy worked as the assistant manager at Burger Crown through August 2018 and received wages of…

A:

Q: Jim files his return one month after the due date and pays the remaining $8,000 of tax owed by him.…

A: Tax- It refers to the compulsory financial charge or levy imposed on a taxpayer by a government…

Q: Mary Stine's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in…

A: Given the following information: Regular hourly wage rate: $12 Hourly rate for work in excess of 40…

Q: Mark has two jobs during 2018. One employer withheld and paid FICA taxes on $80,200 of Mark's salary…

A: Social security tax rate for employees for the year 2018 =6.2%Wage limit = 128400Mark wage…

Q: Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number…

A: Given: Trenkamp uses a weekly federal income tax withholding table. Social Security tax is withheld…

Q: A taxpayer would be required to pay Social Security and Medicare taxes for a domestic employee in…

A: In general, payments of salaries for services done as an employee in the United States are subject…

Q: Jun, a minimum wage earner, works for a foundation. He is not engaged in business nor has any other…

A: Compensation Earner - an invidual whose income is depend entire on employee and employeer relation.…

Q: Mang Carding is a minimum wage earner. To augment his earnings, he put up a mini store under his…

A: 1) The income received from 13th and 14th month will not be taken from taxable value , due to that…

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A: Net take home pay means gross pay after deducting all the payroll taxes like federal income tax,…

Q: Raj is employed as a journalist. His employer pays him an allowance of $200 per week to cover the…

A: The question is based on the concept of Taxation.

Q: Karen Most has a federal tax levy of $2,100.50 against her. If Most is single with two personal…

A: Federal tax levy: The amount of taxes levied on an employee's take-home pay, based on the levy rate…

Q: Harriet Pandel, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During…

A: FICA tax:   FICA tax refers to the Federal Insurance Contribution Act tax which is Country U law…

Q: Jane sued her employer for age discrimination. She was awarded $5,000 to cover the medical bills she…

A: Given,  $5,000 to cover the medical bills $20,000 to punish the employer for discrimination $10,000…

Q: The company pays its workers the difference between their regular wages and the amount received for…

A: Jury duty pay: It is the difference between the employee's regular wages and the amount received for…

Q: irst of the year. Adrian would like you to determine whether she should include the $10,000 on her…

A: Cheque Date: December 30, 2018 Cheque Received Dated: January 2, 2019 Issue: Whether to include the…

Q: a. Federal income tax withholdings b. Federal income tax withholdings c. Federal income tax…

A: The income tax withholding is an amount of the tax that is deducted by the employer from the…

Q: Trinidad Schwab is an employee at the Kyletown fire department. On-site housing $250 month,…

A: Taxable income is the amount of income used to calculate how much tax an individual or a company…

Q: In 2018, GN, a MWE, received from her employer an annual minimum wage salary of P99,702. Aside from…

A: Salary refers to the amount which is paid to the employees by the firm for the work performed by…

Q: Jackie owns a temporary employment agency that hires personnel to perform accounting services for…

A: Introduction: Businesses incur a variety of expenditures. An expense is a form of spending that…

Q: In 2018, Nelia Gomez, an MWE, received from her employer an annual minimum wage salary of ₱99,702.…

A: Tax is charged on the income of an individual, firm, company, or organization at a predetermined…

Q: Ann hires a nanny to watch her two children while she works at a local hospital. She pays the…

A: Medicare tax & Social security tax comes under federal insurance contribution act. These are…

Q: Based on the above information, what is the value of Billy’s TOTAL DEDUCTION ENTITLEMENT for his…

A: The work related expenses are those expenses which has been incurred by a person on the work which…

Q: Thuy worked as the assistant manager at Burger Crown through August 2021 and received wages of…

A: The social security taxes are the payroll taxes required to be paid by the employers and employees.…

Q: Dow, 42, is a manager for Winter Company. In addition to his $83,000 salary, he receives the…

A: Gross income is the total amount of income earned by the company or individuals. Then some…

Q: Milly, the wife of a notorious criminal and underworld gang leader, has signed a contract with a…

A: a. Gross income less the adjustments and available tax deductions equal taxable income. The gross…