A restaurant supply seller works for a 6% commission. If the total sales for the week were S 18,200, determine the gross income for this seller. 4. 5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%) for an employee with a gross income of $ 515. Round to the nearest penny. 6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross income.
A restaurant supply seller works for a 6% commission. If the total sales for the week were S 18,200, determine the gross income for this seller. 4. 5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%) for an employee with a gross income of $ 515. Round to the nearest penny. 6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross income.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A restaurant supply seller works for a 6% commission. If the total sales for the week were S
18,200, determine the gross income for this seller.
4.
5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%)
for an employee with a gross income of $ 515. Round to the nearest penny.
6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross
income.
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