To determine the bonus amount needed for the employee to net 500 pesos after a 30% tax deduction, you can use the formula: Net Amount = Gross Amount - (Tax Rate × Gross Amount). Rearranging this, the Gross Amount (bonus) can be calculated as Net Amount / (1 - Tax Rate). In this case, the calculation would be 500 / (1 - 0.30) = 500 / 0.70, which equals approximately 714.29 pesos. Thus, the employee should receive a bonus of about 714.29 pesos to net 500 pesos after taxes.
The amount after deducting the percentage is $17.50
The amount after deducting the percentage is 8.
The amount after deducting the percentage is 3.01
The amount after deducting the percentage is $11.54
The amount after deducting the percentage is $29.92
The process for calculating and withholding PTO tax from employee paychecks involves determining the value of the PTO hours used by the employee, calculating the applicable tax rate, and deducting the tax amount from the employee's paycheck. This ensures that the employee pays taxes on the monetary value of their PTO benefits.
a set amount an employee will receive at retirement
the money an employer puts into retirement fund for each employee
You could be qualified. It depends on the exact amount of hours you worked and the amount you earned.
Carrying amount is the amount at which an asset is recognised in the balance sheet after deducting any accumulated depreciatoin and accumulated impairment losses thereon
contribution
Gross working capital is the amount which is equal to current assets which are available for day to day working but net working capital is that amount which remains after deducting current liabilities from current assets it means that amount which even remains after deducting current liabilities.