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 $3,691.79Baker 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.Organic Farmers Cooperative has three employees and pays them weekly. Using the withholding bracket table in Exhibit 11A.6, determine each employee's federal income tax withholding. 1. Maria earns $705 per week and claims three withholding allowances. 2. Jeff earns $637 per week and claims five withholding allowances. 3. Alicia earns $665 per week and does not claim any withholding allowances. Employee Maria Jeff Alicia Federal Income Tax Withholding