Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March,...
Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned 300.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer 500.00, and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take home pay assuming withheld federal income tax ( wage- bracket, married, 3 Allowance. social Security taxes and state income tax (2%).
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Sean Matthews is a waiter at the Duluxe Lounge. In his
first weekly pay in March,...
Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March,...
Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($500.00), and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, single, 3 allowances), social security taxes, and state income tax (2%). Enter deductions beginning...
Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and federal...
Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 each biweekly pay to her company's 401k. Determine Matthews take home pay if she is married and claims 2 allowances. (Use Wage Bracket Method) Round your answer to two decimal place.
Lenny Florita, an unmarried employee, works 47 hours in the week ended January 12. His pay rate is $12 pe...
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),...
Lenny Florita, an unmarried employee, works 47 hours in the week ended January 12. His pay rate is $12 per hour, a...
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)....
Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay...
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),...
. Serena Masters is single and claims 1 allowance. Her gross weekly pay is $440.00. Each...
. Serena Masters is single and claims 1 allowance. Her gross weekly pay is $440.00. Each week she pays federal, Social Security, and Medicare taxes, $14.40 for medical insurance, and $10.00 for union dues.Find the Net pay 2. Dustin Ambrose is married and claims 3 allowances. His gross weekly pay is $628.00. Each week he pays federal, Social Security, and Medicare taxes, $52.00 for medical insurance, and $23.50 toward his retirement fund. Find the Net pay
Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay...
Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and withholding allowances. Compute his regular pay, overtime pay (Lenny earns $20 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), income tax deduction (use the wage...
Len Mast is married with three allowances. His weekly gross pay is $1,250. He will not...
Len Mast is married with three allowances. His weekly gross pay
is $1,250. 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 SECURITY TAX...
tax year 2020. Donald Chin works for Northwest Supplies. His rate of pay is $14.00 per...
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%...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sullivan worked 56 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. not requir urnal entries.) Date Debit Credit 832.00 Cash Employee Income Taxes Payable...
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),...
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)....
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 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and withholding allowances. Compute his regular pay, overtime pay (Lenny earns $20 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), income tax deduction (use the wage...
Len Mast is married with three allowances. His weekly gross pay
is $1,250. 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 SECURITY TAX...
Hal Sullivan manages a Frosty World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sullivan worked 56 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. not requir urnal entries.) Date Debit Credit 832.00 Cash Employee Income Taxes Payable...
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