ACCT 216 help A Guide to career/uophelp.com ACCT 216 help A Guide to career/uophelp.com | Page 12

www.uophelp.com
Week 7 Homework
1. Please write a four-to-
six sentence paragraph on the following questions.
a.What is the difference between an exempt and non-exempt employee?
b.How would you decide whether to hire someone as an employee or ind
ependent contractor?
1.Cindy Lou makes $30,000 per year as an exempt employee. She worke
d 15 hours of overtime in the month of September. Payday for wages ear
ned in the month of
September is October 7. Ignoring Federal and State income tax withhold
ings, how much would she receive for September net of Social Security
and Medicare taxes?
What journal entry would be made on September 30 for wages owed to
Cindy? What journal entry would be made when she is paid on October
7?
------------------------------------------------------------------------------------
ACCT 216 Week 8 Final Exam New
For more course tutorials visit
www.uophelp.com
1. (TCO 1) Which statement(s) summarizes the revenues and expenses o
f an entity? (Points : 6)
Question 2.2. (TCO 1) Assets appear on the (Points : 6)
Question 3.3. (TCO 2) Making a cash payment to settle a debt would inc
lude a (Points : 6)
Question 4.4. (TCO 2) Double-
entry accounting means that each transaction (Points : 6)