This topic contains a solution. Click here to go to the answer

Author Question: Describe the steps you would take to evaluate the impact of a raise on your current ... (Read 41 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
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
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
:D TYSM


alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library