Calculate Jamie's net pay
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Jamie is an hourly employee who currently earns $25 per hour, and regularly works 32 hours per week. Jamie is paid vacation @ 4%.
For the last payroll cycle, which was biweekly, Jamie worked for 78 hours. He had $400 in mandatory deductions and 3% for health insurance.
Calculate Jamie's net pay
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- Vince Lupino works for Best Supplies Company, which pays its employees time and a half for all hours worked in excess of 40 hours per week. Lupino's rate of pay is $12.00 per hour paid weekly. Federal income tax withheld was $54.00. His wages are subject to Social Security tax withheld at the rate of 6.2% and Medicare tax at the rate of 1.45%. He worked 8 hours of overtime last week (week ended July 16). Required: 1. Compute the following: If required, round your answers to the nearest cent. a. Regular pay for the week $fill in the blank 2fb4580b7fd0f80_1 b. Overtime pay for the week $fill in the blank 2fb4580b7fd0f80_2 c. Total gross wages $fill in the blank 2fb4580b7fd0f80_3 d. Social Security withheld $fill in the blank 2fb4580b7fd0f80_4 e. Medicare tax withheld $fill in the blank 2fb4580b7fd0f80_5 f. Total withholding $fill in the blank 2fb4580b7fd0f80_6 g. Net pay $fill in the blank 2fb4580b7fd0f80_7 2. Journalize the payroll entry. When required,…for part 1 I forgot to add something. This is the original question. 1. Kayla earns $26 per hour and 1½ times her regular rate for hours over 40 per week. Kayla worked 50 hours the first week in January. Kayla's federal income tax withholding is equal to 11 percent of her gross pay. Webber pays medical insurance of $100 per week for Kayla and contributes $57 per week to a retirement plan for her.Ron Valdes work for two different employers until May. He worked for Roland construction company in Ames Iowa and earn $22,000. The state unemployment rate for Roland is 4.6%. He then change jobs and work for Ford improvement company in Topeka Kansas and earn $29,500 for the rest of the year. The state employment rate for Ford is 5.1%. Determine the unemployment taxes, FUTA and sooner that would be paid by each company.
- DealsToday offers its employees a defined contribution plan. The company matches employee contributions at 75% up to 8% of salary. Scott works for DealsToday, and he earns an annual salary of $69,495. Suppose Scott decides to contribute $150 per month to his retirement account. What is the total contribution to his retirement account each year?Hank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50 hours at his job during the first week of March, 2024. Hank pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.) OA. $731.33 OB. $981.75 OC. $893.39 D. $699.82 GIDA senior citizen gets a part-time job at a fast-food restaurant. She earns $9 per hour for each hour she works, and she works exactly 30 hours per week. Thus, her total pretax weekly income is $270. Her total income tax assessment each week is $50, but she has determined that she is assessed $3 in taxes for the final hour she works each week. This person's average tax rate each week is percent. (Round your answer to one decimal place)
- James Marbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Lauren Stenn comes to him on April 2 and requests a pay advance of $1,000, which Lauren will pay back in equal parts on the April 15 and May 15 paychecks. Lauren is single with one dependent under 17 and is paid $52,400 per year. Lauren contributes 3 percent of gross pay to a 401(k) and has $145 per paycheck deducted for a Section 125 plan.Required:Compute the net pay on Lauren's April 15 paycheck. The applicable state income tax rate is 5.25 percent. Use the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine the federal income tax. Assume box 2 is not checked. (Round your intermediate calculations and final answer to 2 decimal places.)Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($500.00), and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state income tax (2%). Enter deductions beginning with a minus sign (-). Click here to access the Wage-Bracket Method Tables. Gross pay $ Federal income tax Social security taxes - OASDI Social security taxes - HI State income tax Net pay $John Doe is married and claims 3 withholding allowances. He collects overtime pay when he works over 40 hours a week. If his gross pay is $1,306.88, determine his weekly net earnings. Use the following deductions: FWT (Percentage Method), FICA 6.2%, Medicare 1.45%, SDI 1%, Health Insurance ($80/week), Union Dues ($4.50/week), and Trust Fund ($95/week). $891.28 $819.32 O $768.31 $786.67
- Frannie, a bartender paid on a weekly basis, earns $11.50 per hour, is paid 1.5 times the regular rate for all hours worked in excess of 40, and reports her tips to her employer each week but keeps her tips. This week Frannie worked 44 hours and earned $754 in tips. The employer does not take a tip credit. What is Frannie's social security tax withholding this week? Assume her wages have not met the social security wage limit.Mike Mays is a waiter at the Dixie Motel. In his first weekly pay in March, he earned $360 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($700.00), and the employer withholds the appropriate taxes for the tips from his first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage tax bracket, married filing jointly, allowances, social security and state income tax (2%).Old Town Entertainment has two employees in Year 1. Clay earns $3,500 per month, and Philip, the manager, earns $10,400 per month. Neither is paid extra for working overtime. Assume the Social Security tax rate is 6 percent on the first $130,000 of earnings and the Medicare tax rate is 1.5 percent on all earnings. The federal income tax withholding is 16 percent of gross earnings for Clay and 21 percent for Philip. Both Clay and Philip have been employed all year. Required a. Calculate the net pay for both Clay and Philip for March. b. Calculate the net pay for both Clay and Philip for December. c. Is the net pay the same in March and December for both employees? d. What amounts will Old Town report on the Year 1 W-2s for each employee? Complete this question by entering your answers in the tabs below. Reg A and B Req C a. Clay a Philip b. Clay b. Philip Reg D Calculate the net pay for both Clay and Philip for March. Calculate the net pay for both Clay and Philip for December. (Do not…