Gross pay

Problem:2 Juan earns a salary of $350 per week. What is his yearly salary?

Problem:3 Willa earns a salary of $33,000 per year. She is paid monthly. What is her gross pay per month?

Solutions

Expert Solution

Solution:2

There are 52 weeks in a year. Multiply the weekly salary by 52 to find the yearly salary.

$350 X 52 = $18,200

Juan earns $18,200 per year

Solution:3

There are 12 months in a year. Divide the salary by 12 to find the monthly pay.

$33,000 / 12 = $2,750

Willa’s gross pay is $2,750 per month.

Solution:2

There are 52 weeks in a year. Multiply the weekly salary by 52 to find the yearly salary.

$350 X 52 = $18,200

Juan earns $18,200 per year

Solution:3

There are 12 months in a year. Divide the salary by 12 to find the monthly pay.

$33,000 / 12 = $2,750

Willa’s gross pay is $2,750 per month.

devender singh answered 1 year ago

Next > < Previous

Related Solutions

PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees....

PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.25/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales...

List some of the items that are deducted from gross pay to arrive at net pay...

List some of the items that are deducted from gross pay to arrive at net pay on an employee's paycheck. Discuss the different types of taxes. Which taxes are deducted from an employee's paycheck and which taxes are the employer responsible for paying?

For the payroll period ended on June 25, 2013, gross pay was $20,750, net pay was...

For the payroll period ended on June 25, 2013, gross pay was $20,750, net pay was $12,000, FICA tax withholdings were $3,500, income tax withholdings were $4,200, and medical insurance contributions were $1,050.

Examine your last pay check. Determine the percentage of your gross pay that is taken for...

Examine your last pay check. Determine the percentage of your gross pay that is taken for deductions (including taxes, social security, health care, retirement, etc.). Total these deductions and then divide by your gross pay to determine the percentage. You do not have to disclose the amount of your gross pay or your deductions, but you may share the percentage of your pay that went for these deductions. Does this surprise you? Are there things you could change about this?

Develop a C++ program that will determine the gross pay and net pay (after taxes). Each...

Develop a C++ program that will determine the gross pay and net pay (after taxes). Each employee pays a flat tax of 150.00 on the first 1000.00 dollars earned. If the employee earns less than 1000.00 dollars then he/she pays no taxes. Taxes are computed at 15.5% on all earnings over 1000.00 dollars if the number of dependents is 3 or less and 12.5% if the number of dependents are 4 or more. Sample input/outpt dialog Enter # of yours...

Compute the deductions, net pay, and accumulated gross earnings for each weekly pay period. Assume that...

Compute the deductions, net pay, and accumulated gross earnings for each weekly pay period. Assume that Joseph is single and that $28.25 was withheld for medical insurance (pre-tax) and $20 for his United Way contribution. Use the wage bracket method to determine federal income tax. Round answers to the nearest hundredth. Gross Earnings(650.95) Allow.(1) Fed. Inc. Tax Social Security (6.2%)Medicare (1.45%) Medical Insurance Pre-tax United Way Total Deductions Net Pay Accum. Gross Earnings ($1,558.90)

Why is the difference between gross pay and taxable income important?

write a two-page paper explaining the key elements of gross pay, net pay, and payroll deductions,...

write a two-page paper explaining the key elements of gross pay, net pay, and payroll deductions, preparing a payroll register, maintaining employee earnings records, and paying payroll and depositing taxes.

Develop a Java application that determines the gross pay for each of three employees.

(Salary Calculator) Develop a Java application that determines the gross pay for each of three employees. The company pays straight time for the first 40 hours worked by each employee and time and a half for all hours worked in excess of 40. You’re given a list of the employees, their number of hours worked last week and their hourly rates. Your program should input this information for each employee, then determine and display the employee’s gross pay. Use class...

Property is included in the gross estate at the value a willing buyer would pay a...

Property is included in the gross estate at the value a willing buyer would pay a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of the relevant facts. true false

Subjects