Calculate kayla's net earnings for the week Kayla and Oscar are shop assistants. Kayla receives aweekly wage of $400 plus a commission of $0.15 inthe pound on goods sold. During one week, Kaylasold goods worth $2,350. The following aredeductions from her gross earnings:Pension contribution of 7.2% of gross earningsIncome tax of $82Calculate Kayla's net earnings for the week.

Explanation of Gross Earnings:Gross earnings represent the total income an employee earns before any…

Answered: Kayla and Oscar are shop assistants.…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1PB

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Lori Kinmark works as a jeweler for a local company. She earns 1,000 per week, plus a year-end bonus of 2,000. Kinmark also earns an additional net self-employment income of 28,000 per year. ____1.Compute Kinmarks annual earnings from employment. ____2.Compute Kinmarks total earnings from her job and from self-employment income. ____3.How much self-employment income should Kinmark include in computing taxable self-employment income for OASDI taxes? ____4.What are the total FICA taxes on her self-employment earnings?
Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given, compute the amounts listed below for a weekly payroll period. Employers OASDI Tax ________ Employers HI Tax ________
Samantha works as a sales assistant. She receives a weekly wage of $280 plus a commission of $0.12 per dollar of goods sold. During one week, Samantha sold goods worth $2,100. The following deductions apply to her gross earnings: pension contribution of 6.5% of gross earnings and income tax of $55. Calculate Samantha's net earnings for the week.
Sophia and James work as sales associates. Sophia receives a weekly wage of $280 plus a commission of $0.08 per pound on goods sold. In one week, Sophia sold goods worth $2,200. The following are deductions from her gross earnings: Pension contribution of 6.5% of gross earnings Income tax deduction of $55 Calculate Sophia's net earnings for the week. A) $370.60 B) $375.10 C) $382.60 D) $390.25
calculate kelvin's net earning for the week.
Calculate kelvin net earning for the week
Provide net earnings for the week
Employee AA is paid monthly. For the month of January, she earned a total of $8,260. The tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of .6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from Employee AA’s earnings was $1,325.17. Employee AA’s net pay for the month is:
Peter works for Company G and gets paid monthly. He made $8,500 throughout the month of January. Each calendar year, the social security tax is 6.2 percent of the first $137,700 of employee earnings, and the Medicare tax is 1.45 percent of all wages. From All Earnings, the FUTA tax rate of.6 percent is imposed. The SUTA tax rate of 5.4 percent is applied to an employee's first $6,000 of salary. Scott's earnings were subject to a $1,325.17 federal income tax withholding. Peter monthly net compensation is:
Compute the net pay for both Kayla and Paula for the first week in January
Dineshbhai
An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 50 hours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee’s federal income tax withheld is $202. a. Determine the gross pay for the week.fill in the blank 1 of 2$ b. Determine the employee’s net pay for the week. When required round interim computations to two decimal places. Round your final answer to two decimal places.fill in the blank 2 of 2$

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