An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $349; 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. $442 $855 $1,151 $1,207

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net Amount = Gross Amount - All deductions.

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A: Total current earnings = $720+$370+$1240+$850+$900 = $4080 Total of unemployment compensation =…

Q: Dan Smith receives an hourly wage rate of $30. If Dan worked 48 hours for the current week and the…

A: The answer for the multiple choice question and the relevant working is given hereunder :

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

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

A: Gross earnings = Regular earnings + Overtime earnings = (40 hours x $15 per hour) + (6 hours x $15…

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A: Assets has debit balance and liabilities has credit balance. To increase Assets one should debit the…

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

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…

A: Payroll accounting is a part of accounting which is made to record transaction made in the favor of…

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: 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: From the following information, calculate the payroll tax expense for Bowling Company for the…

A: Answer:- Payroll taxes:- All taxes pertaining to a person's salary, wage, bonus, commission and tips…

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

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A: Gross Salary:(40×30) + [(43-40)×1.5×30] = 1,335 Deductions:Social Security Tax = 1,335×0.06 =…

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

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

Q: Compute payroll An employee earns $28 per hour and 1.5 times that rate for all hours in excess of…

A: Over time done is 6 hours  Wage rate will be  42$ in over time   (  28$× 1.5)

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A: Social tax security is a compulsory contribution of employer and employee. It funds the retirement,…

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A:

Q: For tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and…

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A:

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A: The answer is $44.60.

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Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net pay = Gross pay - All deductions.

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A: Payroll: The total payment that a company is required to pay to its employee for the services…

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

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Q: a. Determine the gross pay for the week. b. Determine the net pay for the week.

A: a. Compute gross pay for the week.

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Q: An employee receives an hourly rate of $23.00, with time and a half for all hours worked in excess…

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