The following date for Presco Inc. relate to the payroll for the week ended February 9: Employee Federal Income Tax United Way (Charitable Contributions) Hours Worked Hourly Rate Ashley 52 $50.00 $667.00 $60 Luke 36 $52.00 $355.68 $0 Todd 45 $58.00 $578.55 $44 All personnel are paid 1 ½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings. What are the gross wages for Ashley? Please round your answer to whole dollar, and do not input a dollar sign. Answer:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Additionally, what is the net paycheck for Ashely, and what are the gross wages for Luke? 

Thank you so much! 

The following date for Presco Inc. relate to the payroll for the week ended February 9:
United Way
(Charitable
Contributions)
Hours Worked
Employee
Hourly Rate
Federal Income
Тах
Ashley
52
$50.00
$667.00
$60
Luke
36
$52.00
$355.68
$0
Todd
45
$58.00
$578.55
$44
All personnel are paid 1 ½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of
each employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings.
What are the gross wages for Ashley?
Please round your answer to whole dollar, and do not input a dollar sign.
Answer:
Transcribed Image Text:The following date for Presco Inc. relate to the payroll for the week ended February 9: United Way (Charitable Contributions) Hours Worked Employee Hourly Rate Federal Income Тах Ashley 52 $50.00 $667.00 $60 Luke 36 $52.00 $355.68 $0 Todd 45 $58.00 $578.55 $44 All personnel are paid 1 ½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employee's annual earnings, and Medicare tax is 1.5% of each employee's annual earnings. What are the gross wages for Ashley? Please round your answer to whole dollar, and do not input a dollar sign. Answer:
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