Please explain where these numbers are coming from and any computations that were done, thanks
Homework Answers
| Workings | ||
| Regular earnings | [ rs22 * 40 hrs] | 880 |
| Overtime earnings [1.5 times of pay for above 40 hours] | [ (43-40) * (22*1.5)] | 99 |
| Gross earnings | 880 + 99 | 979 |
| Deductions: | ||
| Ss, 6.2% | 6.2/100*979 | 60.70 |
| Mc, 1.45% | 1.45/100*979 | 14.20 |
| Federal income tax | 129 | |
| state income tax, 3% | 29.37 | |
| Health insurance | 50 | |
| Retirement | 75 | |
| Total deductions | [60.70+14.20+129+29.37+50+75] | 358.27 |
| Net earnings | 620.73 |
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Please explain where these numbers are coming from and any
computations that were done, thanks
Priscilla...
Please explain where these numbers are coming from and the computations to arrive at these numbers,...
Please explain where these numbers are coming from and the
computations to arrive at these numbers, thanks
Single Priscilla earns $20,000 per month. Compute her annual gross earnings, withholdings, and net earnings. Note that her contribution to FICA--MC increased by 0.9% because she earns over $200,000 a year (1.45% up to $200,000; 2.35% on $200,000.01 and more). Priscilla's payroll summary 1 6 .2% 1.45% +0.9% 25% 5% $100/month $75/month Gross Earnings FICA-SS FICA-MC Federal income tax State income tax Health...
please explain where the hand written numbers came from and the computations done to arrive at...
please explain where the hand written numbers came
from and the computations done to arrive at those numbers
Figure the employer's taxes/benefits on the December 23 payroll, remembering that some taxes have caps (maximum employee earnings to be taxed). Journalize the entry. Grant Oil Company Employer's Taxes on the Payroll For the Week Ending December 23 Taxes 0.6% 3.4% FICA FICA Federal State SS Medicare Total YTD Hours Hourly Gross Unemployment Unemployment Tax Retirement Employer Employee Earnings Worked Pay Rate...
Please fill out the empty boxes and show the computations. We are supposed to get the...
Please fill out the empty boxes and show the computations. We
are supposed to get the answers at the bottom
0 Gibbs Oil Company Payroll Register For the Week Ending November 26 Earnings Employee YTD Earnings Rate Total Hours Net (take-home) Pay Reg Pay Over- time Gross Pay 2,880.00 Total Deductions 13 2,880.00 Brown McDonald Wong Withholdings (= deductions) FICA SS FICA Federal State ($137,700) Medicare Income Inc Tax Union 6.20% 1.45% | Tax 3% Dues 330.000 102.00 15.00 158.00...
Please fill the empty boxes and show the computations. We are supposed to get the answers...
Please fill the empty boxes and show the computations. We are
supposed to get the answers at the bottom. Thanks
It's based off of this. I need help with both. I don't
understand how they are getting some of these numbers
4 Gibbs Oil Company Employer's Payroll Taxes For the Week Ending November 26 YTD Earnings Current Earnings FICA SS 6.20% FICA MC FUTA ($7,000 cap) 0.6% SUTA ($7,000 cap) 5,4% Total Payroll Taxes Expense 1.45% Health Ins $80 $40...
answer all numbers and show work please the next pictures are the lessons guide Find the...
answer all numbers and show work please
the next pictures are the lessons guide
Find the commissions on the following sales using the given rates. 3. $5764 at 20% 5. $12,356 at 12% 4. $2598 at 15.5% 6. $3456 at 9% Find the following piecework earnings. 7. 2010 pieces at $0.18 per piece 9. 52 pieces at $3.25 per piece 8. 264 pieces at $1.50 per piece 10. 197 pieces at $1.67 per piece Find the total tips for the...
Please explain where these numbers are coming from and the
computations to arrive at these numbers, thanks
Single Priscilla earns $20,000 per month. Compute her annual gross earnings, withholdings, and net earnings. Note that her contribution to FICA--MC increased by 0.9% because she earns over $200,000 a year (1.45% up to $200,000; 2.35% on $200,000.01 and more). Priscilla's payroll summary 1 6 .2% 1.45% +0.9% 25% 5% $100/month $75/month Gross Earnings FICA-SS FICA-MC Federal income tax State income tax Health...
please explain where the hand written numbers came
from and the computations done to arrive at those numbers
Figure the employer's taxes/benefits on the December 23 payroll, remembering that some taxes have caps (maximum employee earnings to be taxed). Journalize the entry. Grant Oil Company Employer's Taxes on the Payroll For the Week Ending December 23 Taxes 0.6% 3.4% FICA FICA Federal State SS Medicare Total YTD Hours Hourly Gross Unemployment Unemployment Tax Retirement Employer Employee Earnings Worked Pay Rate...
Please fill out the empty boxes and show the computations. We
are supposed to get the answers at the bottom
0 Gibbs Oil Company Payroll Register For the Week Ending November 26 Earnings Employee YTD Earnings Rate Total Hours Net (take-home) Pay Reg Pay Over- time Gross Pay 2,880.00 Total Deductions 13 2,880.00 Brown McDonald Wong Withholdings (= deductions) FICA SS FICA Federal State ($137,700) Medicare Income Inc Tax Union 6.20% 1.45% | Tax 3% Dues 330.000 102.00 15.00 158.00...
Please fill the empty boxes and show the computations. We are
supposed to get the answers at the bottom. Thanks
It's based off of this. I need help with both. I don't
understand how they are getting some of these numbers
4 Gibbs Oil Company Employer's Payroll Taxes For the Week Ending November 26 YTD Earnings Current Earnings FICA SS 6.20% FICA MC FUTA ($7,000 cap) 0.6% SUTA ($7,000 cap) 5,4% Total Payroll Taxes Expense 1.45% Health Ins $80 $40...
answer all numbers and show work please
the next pictures are the lessons guide
Find the commissions on the following sales using the given rates. 3. $5764 at 20% 5. $12,356 at 12% 4. $2598 at 15.5% 6. $3456 at 9% Find the following piecework earnings. 7. 2010 pieces at $0.18 per piece 9. 52 pieces at $3.25 per piece 8. 264 pieces at $1.50 per piece 10. 197 pieces at $1.67 per piece Find the total tips for the...
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