An employee receives an hourly rate of $32.00, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $325.00; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee? Select the correct answer. $1,001.00 $1,081.00 $1,115.00 $1,520.00

Q: An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The chief executive officer earns $10,020 per month. As of May 31, her gross pay was $50,100. The…

A: please like the answer your response matters Answer: Gross Annual income = $ 10,020  x 12 = $…

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

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A: Introduction:- The following basic information as follows under:- Federal income tax withheld, $144…

Q: An employee receives an hourly wage rate of $15, with time-and-a-half for all hours worked in excess…

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Q: Selected information from the payroll register of Howard’s Cutlery for the week ended October 7,…

A: For each employee, Security tax is applicable on the first $128,400 of earnings. For each employee,…

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: arned $45, 800 during the year working for an employer when the maximum limit for Social Security…

A: FICA Tax -The Federal Insurance Contributions Act is referred to as FICA. According to this rule,…

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A: Lets understand the basics.Journal entry is required to record for recording each of event and…

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

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

Q: An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of…

A: Salaries expense is the addition of regular and overtime earnings and then various deductions are…

Q: Thomas Martin receives an hourly wage rate of $20, with time-and-a-half pay for all hours worked in…

A: Normal hours in a week = 40 hours Hours worked = 42 hours Overtime hours = Total hours worked -…

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 receives an hourly rate wage of $24, with time and a half for All hours worked in excess…

A: In this case, we have to deduct all the withheld income tax, Social Security tax & Medicare tax…

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Q: John Smith works 40 hours for ABC Corp. for $15 per hour. Required payroll deductions are: Social…

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A: Formula: FICA tax amount = Social security tax + Medicare tax amount

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A: Definition: The net amount payable to the employee is the amount paid net of taxes. It is calculated…

Q: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution

Q: An employee earns $20 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…

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A: The FICA tax amount is the sum of 6.2% social security tax and 1.45% Medicare tax on the employee…

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A: Gross pay = ($17 x 40 hours+ $17*1.5 x 9 hours) = $909.50

Q: Employee AA is paid monthly. For the month of January, she earned a total of $8,260. The tax for…

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Q: Multiple Choice $2,789.20. $6,489.70. $7160.40. $3,580.20. $670.70.

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Q: Kenneth Inverness's weekly gross earnings for the week ended April 22 were $1,000, and his federal…

A: Tax represents the liability paid to the government calculated on the income earned.

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A: Calculation of Net pay for the month of January is as follows:

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