An employee earns $20 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $265. a.  Determine the gross pay for the week. $fill in the blank 1 b.  Determine the net pay for the week. Round your answer to two decimal places. $fill in the blank 2

Q: Compute payroll An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40…

A: Lets understand the basics.Gross pay for an employee means a pay which is totalling normal pay plus…

Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Formula: Net Pay = Gross pay - Total deductions Deductions are to be subtracted  from Gross pay to…

Q: Compute Payroll An employee earns $20 per hour and 1.75 times that rate for all hours in excess of…

A:

Q: An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay and net pay are two important terms related to an employee's compensation, and they…

Q: Compute payroll An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40…

A: Lets understand the basics. Gross pay for an employee means a pay which is totalling normal pay plus…

Q: Calculate Payroll An employee earns $32 per hour and 1.75 times that rate for all hours in excess…

A: Introduction: Payroll accounts are maintained separately to record the salaries paid to everyone in…

Q: An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Hours worked = 55  Normal hourly rate = $ 20 Overtime rate = $ 20*1.5 = $ 30 Normal weekly hours =…

Q: Compute Payroll An employee earns $22 per hour and 2 times that rate for all hours in excess of 40…

A: The gross pay of an employee indicates the total earnings to an employee for the services provided.…

Q: Calculate Payroll An employee earns $24 per hour and 1.75 times that rate for all hours in excess…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

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: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The answer is as fallows

Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: a. Gross pay = Normal pay + Overtime pay = $16*40 + 1.5* $16* (55-40)Gross pay = $640 + $560 Gross…

Q: 6. Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess…

A: Formula: Excess hours = Total hours - Normal hours

Q: An employee earns $22 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A:

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The following calculations are done to evaluate the net pay of the employee after deducting all…

Q: An employee earns $32 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Gross pay: It is an income calculated by multiplying the total hours worked with the basic hourly…

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Solution:- a) Calculation of the gross pay for the week as follows:-

Q: Compute Payroll An employee earns $32 per hour and 1.75 times that rate for all hours in excess of…

A: Gross pay is the total of normal pay plus overtime pay earned by the employee.Gross pay = Normal pay…

Q: An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: " Gross pay" and" net pay" are terms generally used in the  environment of employment and income.…

Q: An employee receives an hourly rate of $25.00, with time and a half for all hours worked in excess…

A: Given the following information: An employee receives an hourly rate of $25.00 with time and a half…

Q: Calculate payroll An employee earns $30 per hour and 1.5 times that rate for all hours in excess of…

A: The calculation of gross pay has been made as follows: Gross pay =Regular pay + Overtime pay…

Q: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay is the payment made to the employees without any tax and net pay is the payment made to…

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: An employee who works on an hourly basis is paid the wages at the hourly rate determined by the…

Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Social security tax will be charged on gross pay  Medicare tax will be charged on gross pay

Q: An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of…

A: Gross earnings = (40 hours x $25 per hour) + (Hours in excess of 40 hours x $25 per hour x 1.5) =(40…

Q: An employee receives an hourly wage rate of $16, with time and a half for all hours worked in excess…

A: Gross pay= Hours worked during week * wage rate + extra hours worked* Higher wage rate…

Q: An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Gross pay = Regular pay + OvertimeNet pay = Gross pay - Federal taxes withheld - Taxes payable

Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay refers to the total amount of compensation or earnings received by an employee before any…

Q: An employee earns $32 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Regular earnings = (40 hours x $32 per hour) = $1,280 Overtime earnings = (60 hours - 40 hours) x…

Q: Compute Payroll An employee earns $22 per hour and 2 times that rate for all hours in excess of 40…

A: Gross pay is an individual's total earnings for a certain time period first before reductions are…

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay for the week = (Normal rate × Normal hours) + (Bonus rate × Additional hours) Net pay for…

Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The objective of the question is to calculate the gross pay and net pay for an employee who worked…