Homework Answers
Ans:
|
Regular Pay |
40 |
$ 11.00 |
$ 440.00 |
|
|
Overtime Pay |
10 |
$ 16.50 |
$ 165.00 |
|
|
Gross Pay |
$ 605.00 |
|||
|
FICA - Social Security Tax Deduction(605*6.2%) |
$ 37.51 |
|||
|
FICA - Medicare Tax Deduction(605*1.45%) |
$ 8.77 |
|||
|
Income Tax Deduction |
$ 58.00 |
|||
|
Total Deductions |
$ 104.28 |
|||
|
Net Pay |
$ 500.72 |
|||
Note:
| Income Tax Deduction for 2 with holdings given in schedules in question between 600 to 610 is 58 |
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If the wages are- But less | At least than SINGLE Persons-WEEKLY Payroll Period And the...
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Lenny Florita, an unmarried employee, works 50 hours in the week
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Lenny Florita, an unmarried employee, works 50 hours in the week
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deductions for FICA Social Security, FICA Medicare, and federal
income taxes. He claims four withholding allowances. Compute his
regular pay, overtime pay (Lenny earns $18 per hour for each hour
over 40 per week), and gross pay. Then compute his FICA tax
deduction (6.2% for the Social Security portion and 1,45% for the
Medicare portion),...
Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and withholding allowances. Compute his regular pay, overtime pay (Lenny earns $20 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage...
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