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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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