Mattola company is giving each of its employees a holiday bonus of $100 on december 15 (a non payday) the company wants each employee's check to be $100. the supplemental tax percent is used. a. what will the gross amount of each bonus if each employee pays a state income tax of 2.8 % (besides the other payroll taxes) and b. what would the net amount of each bonus check be if the company did not gross-up the bonus?

A. the gross amount will be 102,8 dollars

B. The net amount will be 97,2 dollars

Explanation: if the company wants every employee to recieve 100 dollars after taxes they need to add the supplemental tax percent (1+0,028)

If the company is not withholding the tax then the employees will recieve a check of 10o dollar but have to pay 2,8 dollars as a state income tax, then the net amount is 97,2 dollars

answer(b) gdp is not affected by

scott's production of the jewelry box;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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