Grady makes $25 a week taking care of some chores around the house. He also makes $250 a week for 12 weeks during the summer. 1. Grady spends an average of $40 on gas and eating out. How much of his summer income does Grady need to use to supplement his income during the school year?

2. Grady would like to spend $500 on a guitar. Will he have enough money to do that and supplement his income if he saves $100 a week of his summer money?

3. What if the guitar costs $1000?

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.