omas Martin receives an hourly wage rate of $16, with time and a half for all hours worked in excess of 40 hours during a week. Payroll ows: hours worked, 45; federal income tax withheld, $340; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the g a. $720 b. $1,440 c. $1,080 d. $760
omas Martin receives an hourly wage rate of $16, with time and a half for all hours worked in excess of 40 hours during a week. Payroll ows: hours worked, 45; federal income tax withheld, $340; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the g a. $720 b. $1,440 c. $1,080 d. $760
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1PA
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Question
![Thomas Martin receives an hourly wage rate of $16, 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, $340; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?
Oa. $720
Ob. $1,440
O
C. $1,080
d. $760
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc951479-387e-4d42-916e-169b7920bd18%2F447bf757-e858-4d57-b7c4-a390e58d6ef4%2Frjxlpo5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Thomas Martin receives an hourly wage rate of $16, 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, $340; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?
Oa. $720
Ob. $1,440
O
C. $1,080
d. $760
4
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