Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,750 annually, paid...

Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,750 annually, paid biweekly. She contributes to the following fringe benefits and other deductions:

Medical insurance: $80 per pay period
Dental insurance: $15 per pay period
401(k): 5% of gross pay
Union dues: $100 per month
Additional withholding: $75 per month

Fringe benefits	Amount
Medical insurance
Dental insurance
401(k)
Union dues
Additional withholding
Total amount of Christine's fringe benefits and other deductions	$0.00

Solutions

Expert Solution

Medical insurance (80*26)	2080
Dental insurance (15*26)	390
401(k) (34,750*5%)	1,737.50
Union dues (100*12)	1200
Additional withholding (75*12)	900
Total fringe benefits	6307.50

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Is there a relationship between a person's height and the salary he or she earns? In...

Is there a relationship between a person's height and the salary he or she earns? In a study published in the Journal of Applied Psychology,† a positive correlation was found between the heights and the salaries of the participants. The correlation was found to be strongest for employees in sales and management positions. Suppose you conduct a similar study by obtaining height and earnings data from 20 randomly selected people in your community. You use statistical computing software (such as...

Jack Stewart is an employee of Dr. Sloan’s medical practice, where he earns a salary of...

Jack Stewart is an employee of Dr. Sloan’s medical practice, where he earns a salary of $100,000 in 2019. He also runs his own business on the side and earns $50,000 of net self-employment income in 2019. How much Self-Employment (SE) tax does Jack owe for 2019 related to his $50,000 self-employment income? Considering the SE tax you calculated for Jack Stewart in the previous question, and also that Jack, who files single, paid $4,000 in student loan interest and...

Aimee is a salaried nonexempt employee who earns an annual salary of $54,000 for a 35-hour...

Aimee is a salaried nonexempt employee who earns an annual salary of $54,000 for a 35-hour workweek, paid biweekly. The employer pays overtime for any hours worked in excess of 35 per week. During a pay period, she worked 73.5 hours. She has requested that she take compensatory time in lieu of paid overtime. How much compensatory time should she receive, assuming that her firm approves the compensatory time? 3.5 hours 2.75 hours 5.25 hours 10.25 hours

10) Fanny is a marketing manager for Healthy Corp. She earns a salary of $100,000 and...

10) Fanny is a marketing manager for Healthy Corp. She earns a salary of $100,000 and has received the following benefits: • Healthy pays 75% of all employees' health and accident insurance coverage. Healthy paid $6,000 towards the cost of Fanny's health insurance during the year. • Fanny participates in the cafeteria plan and had elected to have $2,000 withheld from her pay to cover the remaining cost of the health insurance premiums and an additional $1,500 to cover dental...

Sally Chapel works for Adams Photography in Alberta and earns an annual salary of $53,500.00 paid...

Sally Chapel works for Adams Photography in Alberta and earns an annual salary of $53,500.00 paid on a bi-weekly basis. The company’s benefit package includes group term life insurance coverage of two times annual salary; the group term life insurance premium rate is $0.74 per $1,000.00 of coverage. Helen receives a taxable car allowance of $25.00 every pay for using her own car to go to client appointments. Her federal and provincial TD1 claim codes are 3. Helen will not...

Mary earns an annual salary of $44,550.00 in Alberta and is paid bi-weekly basis.She receives a...

Mary earns an annual salary of $44,550.00 in Alberta and is paid bi-weekly basis.She receives a $75 car allowance each pay.Her owner pays 100% of the premium for it's employees group term life insurance coverage.The premium the company pays for Mary's coverage are a non-cash taxable benefit of $18.00 per pay.Mary contributes 4% of her salary to company's registered pension plan.Her federal and Alberta TD1 claims code are 1.Calculate her total income tax deduction for this pay period.

Leah works for Toffolon Technicians in New Hampshire, where she earns $29,400 annually. She contributes 3.5%...

Leah works for Toffolon Technicians in New Hampshire, where she earns $29,400 annually. She contributes 3.5% to her 401(k), of which her employer matches 1.75%. Her employer contributes $150 per month for her health insurance, $40 per month for her life insurance, and $30 per month for her AD&D insurance. Toffolon Technicians pays employer-only taxes and insurance that comprises an additional 17% of Leah’s annual salary. What is Leah’s total annual compensation? A. 37552.5 B. 38581.5 C. 29400 D. 36523.5

Donna, a registered nurse, earns $50,000 annually. She is 30 years old (date of birth is...

Donna, a registered nurse, earns $50,000 annually. She is 30 years old (date of birth is April 30, 1990) and her plans are to get married, raise a family and continue to work because she likes her job and enjoys the financial freedom. She is planning to retire at age 67 at which time she expects to receive Social Security retirement benefits and her own retirement benefits that she hopes to be able to accumulate between now and her retirement...

a. Jasmine, age 42, is a single parent with an eight-year-old daughter. She earns $600,000 annually...

a. Jasmine, age 42, is a single parent with an eight-year-old daughter. She earns $600,000 annually as a marketing manager in a software house. As part of her remuneration package, Jasmine’s employer also provides her with a group life insurance protection in the amount of $1,000,000. Jasmine has decided to purchase additional life insurance so that her daughter will be financially protected if she suffers from premature death. Currently, Jasmine has the following financial needs for her family if she...

Ana an employee earns $33 per hour. She worked 53 hours the third week of January....

Ana an employee earns $33 per hour. She worked 53 hours the third week of January. Federal Income Tax rate = 20% State Income Tax rate = 5% FICA rate SOC SEC = 6.2% and Medicare = 1.45% FUTA rate = .8% SUTA rate = 5.6% Red Cross =$10 Pension = $25 PROVIDE CALCULATIOS FOR: 1. Gross pay (2points) 2. Net pay (3 points) 3. Journalize the payroll for the employee (6 points) 4. Journalize the payroll tax expense (5 points)

Subjects