Question
In: Accounting
An employee receives an hourly wage rate of $16, with time-and-a-half for all hours worked in excess of 40 during the week.
An employee receives an hourly wage rate of $16, with time-and-a-half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $145; social security tax rate, 6.0%; Medicare tax rate, 1.5%; state unemployment compensation tax, 3.4% on the first $7,000; and federal unemployment compensation tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? Round your answer to the nearest cent.
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ekkarill92 answered 2 years agoRelated Solutions
1. An employee receives an hourly wage rate of $24, with time-and-a-half for all hours worked...
1. An employee receives an hourly wage rate of $24, with
time-and-a-half for all hours worked in excess of 40 during the
week. Payroll data for the current week are as follows: hours
worked, 44; federal income tax withheld, $145; social security tax
rate, 6.0%; Medicare tax rate, 1.5%; state unemployment
compensation tax, 3.4% on the first $7,000; and federal
unemployment compensation tax, 0.8% on the first $7,000. What is
the net amount to be paid to the employee? Round...
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Martin Jackson receives an hourly wage rate of $17, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $163; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson, rounded to the nearest cent?
An employee receives an hourly rate of $15, with time and a half for all hours...
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An employee receives an hourly rate of $15, with time and a half for all hours...
An employee receives an hourly rate of $15, with time and a half
for all hours worked in excess of 40 during the week. Payroll data
for the current week are as follows: hours worked, 46; federal
income tax withheld, $120; all earnings are subject to social
security tax; Social security tax rate, 6%; and Medicare tax rate,
1.5%; state unemployment compensation tax, 3.4% on the first
$7,000; federal unemployment compensation tax, 0.8% on the first
$7,000. Prepare the journal...
13.Martin Jackson receives an hourly wage rate of $19, with time-and-a-half pay for all hours worked...
13.Martin Jackson receives an hourly wage rate of $19, with
time-and-a-half pay for all hours worked in excess of 40 hours
during a week. Payroll data for the current week are as follows:
hours worked, 43; federal income tax withheld, $163; social
security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the
net amount to be paid to Jackson, rounded to the nearest cent?
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Thomas Martin receives an hourly wage rate of $40, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows hours worked, 48; federal income tax withheld, $350; social security tax rate, 6.0% and Medicare tax rate, 1.5%. What is the gross pay for Martin?
$1, 730 $2, 080 $1, 531 $449
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6. An employee receives an hourly rate of $17.00, with time and a half for all...
6. An employee receives an hourly rate of
$17.00, with time and a half for all hours worked in excess of 40
during the week. Payroll data for the first week of the calendar
year are as follows: hours worked, 46.00 federal income tax
withheld, $132.00; Social security tax rate, 6% on maximum of
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unemployment compensation tax, 3.4% on the first $7,000; federal
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$1,143.00
$1,260.00
$1,443.00
$1,000.00
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