This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the steps you would take to evaluate the impact of a raise on your current ... (Read 26 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Describe the steps you would take to evaluate the impact of a raise on your current salary.

Question 2

Describe how to calculate an employee's taxable income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

Calculate increase in wages, add increase to current wages, calculate federal, FICA, and state tax on both current and increased wages, total each group of deductions, subtract deductions from respective wages, and then subtract current take-home pay from increased take-home pay to calculate the net increase in pay.

Answer to Question 2

First calculate adjusted gross income by subtracting any adjustments to income from gross income. Then calculate taxable income by subtracting deductions and exemptions from adjusted gross income.


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Four main models that describe the relationship between ecosystem function and biodiversity. Four main models that describe the relationship between ecosystem function and biodiversity.
When the exhaust is rich, the PCM applies a negative current into the pump cell. When the exhaust is rich, the PCM applies a negative current into the pump cell.
How to evaluate third-order determinants by Minors Method (Question 1) How to evaluate third-order determinants by Minors Method (Question 1)
Current and future trends and impacts (IPCC) Current and future trends and impacts (IPCC)
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
Steps in the processing and splicing of mRNA Steps in the processing and splicing of mRNA
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library