Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and...
Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions.
What is Richard’s net pay for the week if he earns $1,100?
Homework Answers
Richard Gaziano
Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married is paid weekly, and claims 2 exemptions.
The Richard's net pay for the week if he earns $1,100
The Social security =6.2/100 *1000 = 62
The medical care=1.45/100 *1000 = 14.5
So he will earn a net pay of =62+14.5+1100 = $1176.50
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Richard Gaziano is a manager for Health Care, Inc. Health Care
deducts Social Security, Medicare, and...
Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and...
Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions. What is Richard’s net pay for the week if he earns $1,900?
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Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions. What is Richard's net pay for the week if he earns $2,350? (Use Table 7.1 and Table 7.2). (Round...
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Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions. What is Richard's net pay for the week if he earns $2,350? (Use Table 7.1 and Table 7.2). (Round...
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