Merly Garza's regular hourly wage rate is $16, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40hours. During a March weekly pay period, Merly worked 42 hours. Her gross earnings prior to the current week were $3,900. Merly ismarried and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $27 perweek. All earnings are subject to Social Security tax.

To calculate Merly Garza's earnings for a week in which she worked 42 hours, it's important to break…

Answered: Merly Garza's regular hourly wage rate…

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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Valentino is a patient in a nursing home for 45 days of 2019. While in the nursing home, he incurs total costs of 13,500. Medicare pays 8,000 of the costs. Valentino receives 15,000 from his long-term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Valentino is 370. Of the 15,000, what amount may Valentino exclude from his gross income?
Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.
Lisa Garza's regular hourly wage rate is $33, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Lisa worked 44 hours. Her gross earnings prior to the current week were $6,000. Lisa is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $34.00 per week, MARRIED Persons – WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages And the number of withholding allowances claimed is – are - But 1 2 3 5 6 7 8 9 10 At less least than The amount of income tax to be withheld is – 1,316 1,327 | 124 | 114 105 95 85 75 66 56 46 | 37 29 1,327 1,338 | 125 116 106 96 86 77 67 57 48 38 30 1,338 1,349 127 117 107 97 88 78 68 59 49 39 31 1,349 1,360 128 118 108 99 89 79 70 60 50 41 32 1,360 1,371 | 129 119 110 100 90 81 71 61 52 42 33 1,371 1,382 130 | 121 111 101 92 82 72 63 53 43 34 1,382 1,393 132 122 112 103 93 83 74 64 54 45 35 1,393 1,404…
Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1% times the regular hourly rate for workin excess of 40 hours. During a March weekly pay period, Regina worked 48 hours. Her gross earnings prior to the current weekwere $7,800. Regina is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week. MARRIED Persons –WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages And the number of withholding allowances claimed is - are - 1 2 3 4 56 7 89 But At 10 less least than The amount of income tax to be withheld is - 34 27 19 11 4 0 500 510 510 520 35 28 20 12 5 520 530 37 29 21 13 6. 530 540 38 | 30 | 22 | 14 7 540 550 40 31 23 15 8 550 560 41 32 24 16 9 1 560 570 43 33 25 17 10 570 580 44 34 26 18 11 3 580 590 46 35 27 19 12 4 590 600 47 36 28 20 13 5 600 610 49 38 29 21 14 610 620 50 39 30 22 15 7 620 630 52 41 31 23 16 1 630 640 53 42 32 24 17 9 2 640 650 55 44 33 25…
Amy’s regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a January pay period, Amy works 47 hours. Amy’s federal income tax withholding is $95, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Amy’s pay for the period and (b) the payment of Amy’s wages.
Coronado Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Coronado works 43 hours. Coronado’s federal income tax withholding is $96, and she has no voluntary deductions. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages.Compute Coronado Corbin’s gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25.) Gross earnings 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
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). a.$819.32 B.$786.67 C.$768.31 D.$891.28
Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims three withholding allowances. Compute his regular pay, overtime pay (Lenny earns $19.50 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 9A.6), total deductions, and net pay.
Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her employer matches this $25 each week. Determine Whiteweiler's take-home pay if she is single and claims 2 allowances (use the wage-bracket method). Enter deductions beginning with a minus sign (-). Round your calculations and final answers to the nearest cent. use the wage bracket 2019
Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Round tax amounts to the nearest cent.
Elize’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Elize works 47 hours. Elize’s federal income tax withholding is $99, and she has no voluntary deductions.Compute Elize’s gross earnings and net pay for the pay period.

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