BI WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay?$42,000/26=$1,615.38 Calculating pay based on SalaryPay PeriodWeeklyBi-weeklySemi monthlyMonthlyNumber of pay checks per year52262412Annual Salary = Salary Per Period27Number of pay periods

Some employees are paid weekly , some are paid biweekly and some are paid on the basis of monthly…

Answered: WEEKLY Molly is a salaried employee;…

WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay? $42,000/26=$1,615.38

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Susan Cejka receives an hourly wage of $11.25 for a 40-hour week of 5 days, 8 hours daily. For Saturday work, she is paid 1.5 times the regular rate. For Sunday work, she is paid 2 times the regular rate. One week, she worked 50 hours—4 hours of which were on Saturday and 6 hours on Sunday. Her total earnings for the week are _____.
Rhonda works 20 hours per week and earns $7.35 per hour. How much more would she need to earn per hour to increase her gross pay by $25 per week
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The following information is available for the employees of Webber Packing Company for the first week of January Year 1 1. Kayla earns $26 per hour and 1½ times her regular rate for hours over 40 per week. Kayla worked 50 hours the first week in January. Kayla’s federal income tax withholding is equal to 11 percent of her gross pay. Webber pays medical insurance of $57 per week to a retirement plan for her. 2. Paula earns a weekly salary of $1,150. Paula’s federal income tax withholding is 17 percent of her gross pay. Webber pays medical insurance of $145 per week for Paula and contributes $135 per week to a retirement plan for her. 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayla and $75 per week for Paula. Assume the Social Security tax rate is 6 percent on the first $110,000 of salaries and the Medicare tax rate is 1.5 percent of total salaries. The state unemployment tax rate is 5.4 percent and the federal unemployment…

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