Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 112112 times her regular rate of pay

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Sadie White receives an hourly rate of $35, 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, 44; federal income tax withheld, $317; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to White? If required, round your answers to the nearest cent. a.$1,102.25 b.$1,223.00 c.$1,610.00 d.$1,172.25
Charles earns an annual salary of $72,100 paid biweekly based on a regular workweek of 36.25 hours. His company generously pays all overtime at twice his regular wage. If Charles worked 85.5 hours over the course of two weeks, what are his gross earnings? Question Two:
Vi Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? What are the taxes on a property assessed at $927,000 if the mill rate is 16.8629?
On the last weekly pay of the first quarter, Lorenz is paid her current pay of $90 per day for four days workedand one day sick pay (total— $450). She is also paid her first-quarter commission of $1,200 in this pay. How muchwill be deducted for:(a) OASDI tax ($1,650 × 6.2%) = __________(b) HI tax ($1,650 × 1.45%) = _____________
Lucille receives an annual salary of $37,500 based on a 37.5 hour workweek. What are her gross earnings for a 2 week pay period in which she works 9 hours of overtime at 1.5 times her regular rate of pay?
Gates is paid a semimonthly salary of $900.00. Overtime is paid forhours beyond 40 in each workweek. One week, Gates works 63⁄4 hoursovertime. Gates’ pay for this semimonthly pay period is
Connor has an annual salary of $43,000, and his company pays him twice a month. How much is withheld for FICA on each paycheck that Connor receives?
Study the information provided below and calculate the hourly recovery tariff per hour (expressed inrands and cents) of Martha.INFORMATIONThe basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (fromMonday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365days), 8 of which fall on weekdays.
Thomas Martin receives an hourly wage rate of $15, 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, 48; federal income tax withheld, $370; 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. Oa. $720 Ob. $780 Oc. $1,080 Od. $1,440
Christine Boone is an employee at Americamp Vehicles. She earns a salary of $35,450 annually, paid biweekly. She contributes to the following fringes benefits and other deducations: Medical insurance: $108 per pay period Dental insurance: $29 per pay period 401(k): 5% of gross pay Union dues: $114 per month Additional withholding: $89 per month Required: What is the total annual amount of Christine's fringe benefits and other deductions? Round your answer to 2 decimal places. Medical insurance dental insurance 401(k) union dues additional withholding Total amount of Christine's fringe benefits and other deducations
An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 60 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 $386. a. Determine the gross pay for the week. If applicable, round your final answer to two decimal places. b. Determine the net pay for the week.
You begin working at age 25, and your employer deposits $310 each month into a retirement account that pays an APR of 6% compounded monthly. Make a table that shows the size of your nest egg in terms of the age at which you retire for the retirement ages of 60, 65 and 70. (Round your answers to the nearest cent.) Age Nest egg 60 $ 65 $ 70 $

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