Gross earnings | $1,000 |
Less: Federal income tax withholding | (180) |
Less: Social security (1000*6%) | (60) |
Less: Medicare (1000*1.5%) | (15) |
Net Pay | $745 |
Employee Net Pay Colin Washington's weekly gross earnings for the week ended April 22 were $1,000,...
Employee Net Pay Colin Washington's weekly gross earnings for the week ended April 22 were $1,604, and his federal income tax withholding was $288.72. Assuming the social security rate is 6% and Medicare is 1.5%, what is Colin's net pay? Note: If required, round your answer to two decimal places. $
Employee Net Pay Lindsey Vater's weekly gross earnings for the week ended March 9 were $800, and her federal income tax withholding was $128.96. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? If required, round your answer to two decimal places. $
Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending December 18 were $1,880.77, and his federal income tax withholding was $376.15. Assuming the social security rate is 6% and Medicare is 1.5%, what is Friedman's net pay? Note: If required, round interim calculations to two decimal places and use in future computations.
Employee Net Pay Kenneth Friedman's weekly gross earnings for the week ending December 18 were $2,280, and his federal income tax withholding was $387.6. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places
Employee Net Pay Maxwell Inverness's weekly gross earnings for the week ending December 18 were $3,480, and his federal income tax withholding was 1896. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to two decimal places
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,950. Dunn has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. $ Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ended April 22 were $1,302, and his federal income tax withholding was $234.36. Assuming the social security...
Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending March 9 were $900, and her federal income tax withholding was $189.00. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman pay? If required, round your answer to two decimal places.
Baker Green’s weekly gross earnings for the week ending December 7 were $2,500, and her federal income tax withholding was $525. Prior to this week Green had earned $98,000 for the year. Assuming the social security rate is 6% and Medicare is 1.5%, what is Green’s net pay?
Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $78,000. Assume a 360-day year. Required: a. Determine the proceeds of the note, assuming the note carries an interest rate of 5%. $ b. Determine the proceeds of the note, assuming the note is discounted at 5%. $ 2. Bob Dunn's weekly gross earnings for the present week were $2,250. Dunn has two exemptions. Using the...
xercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $12 per hour, and his wages have 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...