Kelvin and Emma are shop assistants solve this question Kelvin and Emma are shop assistants. Kelvin receivesa weekly wage of $310 plus commission of $0.10 inthe pound on goods sold. During one week, Kelvin soldgoods worth $1,850. The following are deductions fromhis gross earnings: pension contribution of 7.8% ofgross earnings and income tax of $60. CalculateKelvin's net earnings for the week.

Compute Kevin's gross earnings first.Gross earnings = Wage for the week + CommissionGross earnings =…

Answered: Kelvin and Emma 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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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:
Joseph Flores is paid $452 per week plus a commission of 2% on all sales. Flores sold $712 worth of goods on Monday, $523 on Tuesday, $1002 on Wednesday, #91 on Thursday, and $609 on Friday. Returns and allowances for the week were $114. Find the employee’s social security tax, Medicare tax, and sate disability insurance deduction(1%) for the week.
An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 55 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 $288. a. Determine the gross pay for the week. b. Determine the net pay for the week.
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:
Scott is an employee at Company G and is paid monthly. For the month of January, he earned a total of $8,500. The tax for social security is 6.2% of the first $137,700 of employee earnings each calendar year and the tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of .6% is applied on ALL Earnings. The SUTA tax rate of 5.4% is applied to the first $6,000 of an employee's pay. The amount of federal income tax withheld from Scott’s earnings was $1,325.17. Scott’s net pay for the month is:
A weekly payroll register shows that Louise Price had total wages of $460. She had deductions of $35.19 for FICA tax, $54 for federal income tax, and $16 for medical insurance. Compute Price's net pay. 435.81 345.81 545.81 354.81
Baker Green's weekly gross earnings for the week ending December 7 were $1,800, and her federal income tax withholding was $216. Prior to this week Green had earned $98,000 for the year. Assuming the social security rate is 6.0% and Medicare is 1.5%, what is Green's net pay? Round your answer to the nearest whole dollar.$___________
Martin Jackson receives an hourly wage rate of $17, 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, $351; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson? a.$807.50 b.$1,118.44 c.$395.94 d.$1,086.94
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$
Thomas Martin receives an hourly wage rate of $17, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $324; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin? Round your answer to the nearest whole dollar. O a. $1,564 O b. $782 O c. $833 O d. $1,173
Baker Green's weekly gross earnings for the week ending December 7 were $2,000, and her federal income tax withholding was $240. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar.
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