About how frequently does Hope receive a paycheck? COMPANY NAME Some Corporation 123 Somewhere Drive, Durham, NC 12345 EMPLOYEE NAME Hope Marie Kingsley INCOME GROSS WAGES YTD GROSS 5,400.00 weekly RATE 15.00 O monthly YTD DEDUCTIONS 2,836.89 O daily O every two weeks SSN Xxxx-xx-6789 HOURS 40 EMPLOYEE ID 98856 CURRENT TOTAL 600.00 YTD NET PAY 2.563.11 CHECK NO. 98765 DEDUCTIONS FICA MED TAX FICA SS TAX FED TAX NC ST TAX HEALTH DENTAL RETIREMENT CURRENT TOTAL 600.00 EARNINGS STATEMENT PAY PERIOD 5/1/2020-5/15/2020 CURRENT DEDUCTIONS 315.21 CURRENT TOTAL 8.70 37.20 90.00 34.50 $76.58 $8.23 $60.00 PAY DATE 5/21/2020 YEAR-TO-DATE 78.30 334.80 810.00 310.50 $689.22 $74.07 $540.00 NET PAY 284.79 "Excluded from federal taxable wage
About how frequently does Hope receive a paycheck? COMPANY NAME Some Corporation 123 Somewhere Drive, Durham, NC 12345 EMPLOYEE NAME Hope Marie Kingsley INCOME GROSS WAGES YTD GROSS 5,400.00 weekly RATE 15.00 O monthly YTD DEDUCTIONS 2,836.89 O daily O every two weeks SSN Xxxx-xx-6789 HOURS 40 EMPLOYEE ID 98856 CURRENT TOTAL 600.00 YTD NET PAY 2.563.11 CHECK NO. 98765 DEDUCTIONS FICA MED TAX FICA SS TAX FED TAX NC ST TAX HEALTH DENTAL RETIREMENT CURRENT TOTAL 600.00 EARNINGS STATEMENT PAY PERIOD 5/1/2020-5/15/2020 CURRENT DEDUCTIONS 315.21 CURRENT TOTAL 8.70 37.20 90.00 34.50 $76.58 $8.23 $60.00 PAY DATE 5/21/2020 YEAR-TO-DATE 78.30 334.80 810.00 310.50 $689.22 $74.07 $540.00 NET PAY 284.79 "Excluded from federal taxable wage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer the question below.
Transcribed Image Text:About how frequently does Hope receive a paycheck?
COMPANY NAME
Some Corporation 123 Somewhere Drive, Durham, NC 12345
EMPLOYEE NAME
Hope Marie Kingsley
INCOME
GROSS WAGES
YTD GROSS
5,400.00
O weekly
O daily
O
RATE
15.00
O monthly
YTD
DEDUCTIONS
2,836.89
every two weeks
SSN
xxx-xx-6789
HOURS
40
EMPLOYEE ID
98856
CURRENT TOTAL
600.00
YTD NET PAY
2,563.11
CHECK NO.
98765
DEDUCTIONS
FICA MED TAX
FICA SS TAX
FED TAX
NC ST TAX
HEALTH
DENTAL
RETIREMENT
CURRENT TOTAL
600.00
EARNINGS STATEMENT
PAY PERIOD
5/1/2020-5/15/2020
CURRENT
DEDUCTIONS
315.21
CURRENT TOTAL
8.70
37.20
90.00
34.50
$76.58
$8.23
$60.00
PAY DATE
5/21/2020
YEAR-TO-DATE
78.30
334.80
810.00
310.50
$689.22
$74.07
$540.00
NET PAY
284.79
"Excluded from federal taxable wage
Expert Solution
Step 1
Paycheck is the payment to the employees for the working or employment with the entity. The terms of payment or period vary from entity to entity.
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