An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in...
An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40 per week. The employee worked 45 hours during the week. The amount of the employee's gross pay for the week is:
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An employee's rate of pay is $36 per hour, with time-and-a-half
for all hours worked in...
Calculate Payroll An employee earns $36 per hour and 1.75 times that rate for all hours...
Calculate Payroll An employee earns $36 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week, and that the gross pay prior to the current week totaled $52,200. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $497. a. Determine the gross pay for the week. $ If...
3. Anmol An employee earns $40 per hour and 1.5 times that rate for all hours...
3. Anmol An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled 558,000. Assume further that the social security tax rate was 7.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and the federal income tax to be withheld was $614. Required: (1) Determine the...
An employee receives an hourly wage rate of $18, with time and a half for all...
An employee receives an hourly wage rate of $18, 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, 45; federal income tax withheld, $304; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer. $810 $1,215 $1,620 $855
An employee receives an hourly rate of $14, with time and a half for all hours...
An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 44; federal income tax withheld, $307; cumulative earnings for year prior to current week, $95,748; social security tax rate, 6.0% on maximum of $105,569; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer. a.$644...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sullivan worked 56 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. not requir urnal entries.) Date Debit Credit 832.00 Cash Employee Income Taxes Payable...
Calculate Payroll An employee earns $24 per hour and 1.5 times that rate for all hours...
Calculate Payroll An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $34,800. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $403. a. Determine the gross pay for the week. $ If...
Calculate Payroll An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week....
Calculate Payroll An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be with held was $253.00. a. Determine the gross pay for the week. If applicable, round your final answer to two decimal places. b. Determine the net...
An employee receives an hourly wage rate of $23, with time-and-a-half for all hours worked in...
An employee receives an hourly wage rate of $23, 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, 43; federal income tax withheld, $133; 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...
An hourly employee is paid $30/hour for a 40 hour week. Overtime is paid at time-and-a-half...
An hourly employee is paid $30/hour for a 40 hour week. Overtime is paid at time-and-a-half for hours worked in excess of 40 hours. In the prior week, the employee worked 48 hours. Federal income taxes of $250 were withheld, and state income taxes of $40 were withheld. FICA taxes of 6.2% (Social Security) and 1.45% (Medicare) were also withheld. What is the weekly gross pay amount or this employee? What is the weekly net pay amount for this employee?
Calculate Payroll An employee earns $28 per hour and 1.75 times that rate for all hours...
Calculate Payroll An employee earns $28 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the social security tax rate was 6.0, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $370.30. a. Determine the gross pay for the week. If applicable, round your final answer to two decimal places. b. Determine the net pay...
3. Anmol An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled 558,000. Assume further that the social security tax rate was 7.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and the federal income tax to be withheld was $614. Required: (1) Determine the...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sullivan worked 56 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. not requir urnal entries.) Date Debit Credit 832.00 Cash Employee Income Taxes Payable...
Calculate Payroll An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be with held was $253.00. a. Determine the gross pay for the week. If applicable, round your final answer to two decimal places. b. Determine the net...
Calculate Payroll An employee earns $28 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the social security tax rate was 6.0, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $370.30. a. Determine the gross pay for the week. If applicable, round your final answer to two decimal places. b. Determine the net pay...
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