Gross Pay | 890.00 | |
Less: Deductions | ||
Federal Income tax | 195.80 | =890*22% |
Voluntary deductions | 190.00 | |
OASDI-tax | 55.18 | =890*6.2% |
Medicare tax | 12.91 | =890*1.45% |
Total deductions | 453.89 | |
Net pay | 436.11 | |
Option A $436.11 is correct |
Amy's gross pay for the week is $890. Her deduction for federal income tax is based...
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Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual for Stanton's work. An explanation is not required 3. Journalize the subsequent payment of wages to Stanton. Print Done More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employee: OASDI:...
Employees are paid 80,0000 in gross pay this week. Federal income Tax withholding is 16,000. FICA Tax Withholding is 6,120. union dues withholding is 800.00. assuming these are the only deductions from pay , what is the transaction for this week's payroll the debit and credits
Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this month totaled $112,000. Berkley's rate for federal income tax is 20%. His voluntary deductions total $950. What is Berkley's net pay? (Assume an OASDI rate of 6.2%, applicable on the first $117,000 earnings, and a Medicare rate of 1.45%, applicable on all earnings.) $6,553.92 $6050.00 $7,000.00 $5,613.12
ACG 2021 Sec 654- Petty iz Chapter 11 Exam This Question: 6 plas 47 of 11 41 complele) [Assume a FiCA.OASOi Tar de 2% and FICA Modicare Tsx ot t 45% Rand ay inirn-dahms arīHE-, de OB. $73 Cis to seect your answer Bill's gross pay for the week is $950. His deduction for federal income tax is based on a rate of 23% He (Assume a FICA-OASDI Tax 016 2% and FICA-Medicare Tax of 1.45%, Round any intermediate calc...
Question Help Hal Sully manages a Frosty World drive-in. His straight-time pay is $16 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Sully worked 56 hours during the week. O (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Sully's gross pay and net pay for...
5) A coal mine cost $1,003,000 and is estimated to hold 54,000 tons of coal. There is no residual value. During the first year of operations, 11,000 tons are extracted and sold. Calculate depletion expense for the first year. (Round any intermediate calculations to the nearest cent.) A) $100,300 B) $150,450 C) $200,600 D) $204,270 14) 14) Angie's gross pay for the week is $970.00. Her deduction for federal income tax is based on a rate of 20%. She has...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sully worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sully's gross pay and net pay for the week....