Answer:
overtime law most employees must be paid one and one-half times their regular hourly rate for all hours worked in excess of 40 hours in a given work week. However, overtime rules in Massachusetts do not require overtime after eight hours in a day.
Hence when we calculating over time wages we consider .5 times of regular wages.
Morgan Paisley is single and works part-time in a Nashville, Tennessee Hotel as a nonexempt as...
Morgan Paisley is single and works part-time in a Nashville, Tennessee Hotel as a nonexempt housekeeper. Morgan gets paid $14.50 per hour and is paid on a biweekly basis. During the pay period, she worked 52 regular hours, with 12 of those considered overtime hours. She has one withholding and no pretax deductions. Morgan will pay $58.00 in federal taxes. Required: What is her net pay? Round calculations to two decimal places and share calculations. Employee Names Married/Single # of...
Dennis Murphy is a salaried, nonexempt administrative assistant for Dionti Investments and is paid semimonthly. He is married with two withholding allowances. His annual salary is $70,200, and his standard workweek is 37.5 hours. During the pay period, he worked 10 hours overtime. Required: Compute Dennis's gross pay for the period ending August 18, 20XX. (Do not round intermediate computations. Round your final answers to 2 decimal places.) Company Dionti Investments Period Ended: Aug 18, 20XX Name M/S # W/H...
tax year 2020. Donald Chin works for Northwest Supplies. His rate of pay is $14.00 per hour, and he is paid 1½ times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: Employee federal income tax Social Security tax at 6.2%...
Lenny Florita, an unmarried employee, works 47 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 Social Security portion and 1.45% for the Medicare portion),...
Theme: Wages, Taxes, and Forming a Budget Suppose you are single and work for a company that pays you $24/hour for all regular hours and time-and-a-half for any weekly hours exceeding 40 hours. In a typical workweek, you work 44 hours. Assume you are paid biweekly. Find the following for each biweekly pay. 1) [4] Gross Wages 2) [2] FICA 3) [2] Medicare 4) [2] SDI 5) [2] State Tax (3.1%) 6) [2] Local Tax (1.2%) 7) [6] Federal Withholding...
Lenny Florita, an unmarried employee, works 50 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 Social Security portion and 1,45% for the
Medicare portion),...
Lenny Florita, an unmarried employee, works 47 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 Social Security portion and 1.45% for the Medicare portion)....
Instructions Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 19 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee federal income tax...
Dennis Toby is married with four allowances. He is paid a
BIWEEKLY salary of $1,200. He will not reach the maximum taxable
salary for Social Security purposes.
1. What is the amount that he will have deducted for Social
Security taxes?
2. What is the amount that he will have deducted for Medicare
taxes?
3. Using the percentage method, what is the amount that he will
have deducted for FIT (Federal Income Tax)?
4. What is his net pay?
SOCIAL...
If the wages are- But less | At least than SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed Is- 1 | 2 | 3 4. 7. | The amount of Income tax to be withheld is- 0 | 5 6 8 9 10 $600 610 620 630 640 650 660 670 680 690 $610 620 630 640 650 660 670 680 690 នៗond no No o pond ឧ០០០ co-on d © No Exercise 11-18A Computing gross and...