The worker makes 10$/hr and receives time and half for overtime . The employer takes out 15% of his paycheck to pay federal and state taxes an additional 50$ is deducted to contribute to his retirement fund

Q: J. B. Kenton employs Sharla Knox at a salary of $33,700 a year. Kenton is subject to employer Social…

A: Salary: Salary means Employer gives payment to employees for the work contribution. Total cost…

Q: During the eight-week period following Paycheck Protection Program (PPP) loan funding, the taxpayer…

A: Payback protection program is the program by which businesses in the US can obtained the loan from…

Q: John Doe is married and claims 3 withholding allowances. He collects overtime pay when he works over…

A: Weekly net earnings are calculated by deducting all the taxes including FWT, FICA, Medicare, SI,…

Q: 1. Jonas Brown is employed as a mechanic in Country A. His emoluments is $40,000 per week . He…

A: To calculate Jonas Brown's annual deductions, we need to consider the various components of his…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Lets understand the basics. Net amount paid is a gross salary less deductions made.  Gross salary is…

Q: , 1.5%. What is the net amount to be paid to Jackson?

A: Given information is: Hours worked = 45 Normal hours = 40 Hourly wage rate = $15

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Formula used : Number of Excess hours worked = Total hours worked - Weekly working hours

Q: Maze Company has one employee that is paid $1,000 weekly. All of the employee's wages are subject to…

A: Payroll tax expense is the amount if tax charged on the payroll paid to the employees. It includes…

Q: An employee has year-to- date earnings of $41,050. The employee's gross pay for the next pay period…

A: Federal Insurance Contributions Act tax:   It is a federal payroll contribution that is directed for…

Q: R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social…

A: Cost of employment includes all expenses paid by employer. Payroll taxes also part of employment…

Q: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: Formula to calculate  employee's annual FICA taxes amount:Employee's annual FICA taxes = Employee…

Q: mattola company is giving each of its employees a holiday bonus of $100. what will be the gross…

A: Step1. Add all taxes.FICA social security tax = 6.2%FICA medicare tax = 1.45%State Income tax =…

Q: Supermercado Caridad offers its employees vacation benefits and contributes a 2% contribution to a…

A: (i) Employer contribution for the 401k = $125,000 x 2% = $2,500   (ii) Entries related to vacation…

Q: Rico Samuel's employer receives a creditor garnishment order to withhold $80 from Samuel's paycheck…

A: Disposable EarningsThe income remains after adjusting the applicable deductions under the federal…

Q: An employee receives an hourly rate of $32.00, with time and a half for all hours worked in excess…

A: Payroll taxes are taxes imposed on employers or employees and are usually calculated as a percentage…

Q: Mary earns an annual salary of $81,900 paid biweekly based on a regular workweek of 39.5 hours. Her…

A: The gross earnings of an employee will be equal to the sum of wages at the normal rate and wages…

Q: An employee earns $5,950 per month working for an employer. The Federal Insurance Contributions Act…

A: Variables in the question:Gross Pay=$5950FICA tax rate for social security=6.2% FICA tax rate for…

Q: Helen Meyer receives a travel allowance of $210 each week from her company for time away from home.…

A: Please find the calculation of taxes on employee benefits in step 2 below.

Q: Helen Meyer receives a travel allowance of $160 each week from her company for time away from home.…

A: Given information: Travel allowance per week = $160 Applicable income tax rate = 15%

Q: The two employees of Silver Company receive various fringe benefits. Silver Company provides…

A: Amounts that are withheld from the employee paychecks are regarded as liabilities until they are…

Q: Employee B has the opportunity to contribute to a payroll deduction 401(k) plan at work. This…

A: Compound = monthly = 12Interest rate = r = 3 / 12 = 0.25%Monthly payment = p = $250Time = t = 10 *…

Q: DealsToday offers its employees a defined contribution plan. The company matches employee…

A: The defined contribution plan is refer to as where the employee contribute to the pension fund and…

Q: Hank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50…

A: When all deductions have indeed been done, the employee's net pay is the amount that is still due…