Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is sams monthly disposable income if his gros

What is Sams monthly disposable income if his gross annual salary is $120,000, and his...

70.2K

Verified Solution

Question

Accounting

  1. What is Sams monthly disposable income if his gross annual salary is $120,000, and his employer withholds monthly income taxes and other payroll deductions of $4,950? Note that Sams monthly fixed expenses are $2,350, while his variable expenses are $2,200. He also contributes monthly savings of $500 to his Tax-Free Savings account.
  1. $4,950
  2. $5,050
  3. $500
  4. $4,550
  5. $2,685

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the inducer in the Lac operon system 2 3 4 A protein Lactose...

Biology
Q

4 Tuentrying Whose conqu to Greek migration Alexan Applying the Concept 3 Determining Cause and...

Biology
Q

A galvanometer can withstand safely a maximum current of 10 mA It is converted into...

Physics
Q

3 C C E 4 Zero As shown in figure very thin sheet of aluminium...

Physics
Q

Given a function f(x) with f(? 8) = 1 and f(9) ,m= 2:There must be...

Basic Math
Q

Basem WLL successfully received a government grant of BD1,500,000 on 1 January 2020 allowing it...

Accounting
Q

6. A company had the following petty cash transactions:...

Accounting
Q

I was unable to find net accounts receivables for Green Mountin Keurig in order to...

Accounting
Q

: How does Contribution Unit and Contribution Margin Ratio impact break even and target profit...

Accounting
Q

On May 19, 2021, JKL Company placed in service office equipment (5-year property) with a...

Accounting
Q

Question 2 Clearwater Enterprise is a merchandising company which has business operations in Ipoh, Perak....

Accounting
Q

Problem II. Service Department Allocation The Special Products Manufacturing Company has two service departments -...

Accounting