Sarah is a sales representative who earns a basic weekly wage of $420 plus commission of $0.15 in the pound on goods sold. In one week, Sarah sold goods worth $2,200. Deductions from her gross earnings include a pension contribution of 6.5% of gross earnings and income tax of $75. Calculate Sarah's net earnings for the week.
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- Helen Meyer receives a travel allowance of... Please answer the financial accounting questionRichard Gaziano is a manager for Health Care, Incorporated. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $142, 800 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, filing jointly and is paid weekly. What is Richard's net pay for the week if he earns $1,750? (Use Table 9.1).Richard Gaziano is a manager for Health Care, Incorporated. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, filing jointly and is paid weekly. What is Richard's net pay for the week if he earns $1,500? Note: Round your answer to the nearest cent. * Answer is complete but not entirely correct. Net pay $ 1,576.50 X
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- Addison's earnings are subject to deductions for social security, medicare, and FIT. Addison's cummulative earnings are $142,000. This week Addison earns $1,900. Addison who is married, is paid weekly. Assume social security rate is 6.2% on 142,800 and 1.45% for Medicare. Addison's net pay for the week is: (use percentage table in handbook to calculate FIT):If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and Medicare taxes for the fourth quarter. (The Social Security tax is 12.4 percent of income up to $128,400 for self-employed individuals, and the Medicare tax is 2.9 percent of all wages.) $420.75 $780.30 $2,524.50 $4,681.80Organic Farmers Co-Op has three employees and pays them weekly. Using the withholding bracket table in Exhibit 9A.6, determine each employee’s federal income tax withholding.1. Maria earns $716 per week and claims three withholding allowances.2. Jeff earns $639 per week and claims five withholding allowances.3. Alicia earns $673 per week and does not claim any withholding allowances.
- Mary earned $43,258.75 for the past calendar year. How much did she pay for the year in social security and Medicare taxes? (Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.) $3,003.29 $3,156.29 $3,309.29 O $3,691.79Calculation of Take-Home Wages (Accounting for Liabilities). Lina Lu is an hourly worker who earns $50 per hour. During the prior week, Lina worked 40 hours. The FICA rate is 6.2% and Medicare Rate is 1.45%. Lina's total wages for this payroll are subject to the aforementioned taxes. In addition, she had deductions of $280 for federal income tax and $80 for insurance contribution. What is her net pay? Can you please show how you came to this answer? Thank you!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.