To determine The net pay of Richard for the week. Explanation Given: The weekly salary of Richard is $1,300. Number of allowances claimed by Richard is 2. The marital status of Richard is married. Jordon’s cumulative earnings is $110,500. The social security tax is 6.2%. The Medicare tax is 1.45%. Calculation: Given that Richard is $1,000 below the maximum level for Social security earnings. Calculate the social security taxes as follows. Social security taxes = $ 1 , 000 × 6 .2% = $ 1 , 000 × 6.2 100 = $ 62 As the Medicare tax rate is 1.45%, the Medicare taxes is computed as follows. Medicare taxes = $ 1 , 300 × 1 .45% = $ 1 , 300 × 1.45 100 = $ 18.85 By Table 9.1, the withholding allowance amount of weekly payroll period is $76.9. Obtain the amount remaining after deducting the allowance amount as follows. Amount remaining = $ 1 , 300 − ( $ 76.9 × 2 ) = $ 1 , 300 − $ 153

Practical Business Math Procedures with Business Math Handbook

12th Edition

ISBN: 9781259725067

Author: Jeffrey Slater, Sharon M. Wittry

Publisher: McGraw-Hill Education

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Counting Principles

In statistics, the counting principle can be said to be the concept in which the quantity of an item is determined. There can be a single item, or a group of items, or items that are related to each other. In every possible set of items, the quantity of …

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Chapter 9, Problem 27ECP

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The net pay of Richard for the week.

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Practical Business Math Procedures with Business Math Handbook

Ch. 9.1 - Jill Foster worked 52 hours in one week for Delta...Ch. 9.1 - Matt Long had $180,000 in sales for the month....Ch. 9.1 - Bob Meyers receives a $1,000 monthly salary. He...Ch. 9.1 - Jill Foster worked 54 hours in one week for Delta...Ch. 9.1 - Matt Long had $210,000 in sales for the month....Ch. 9.1 - Bob Myers receives a $1,200 monthly salary. He...Ch. 9.1 - Fill in the missing amounts for each of the...Ch. 9.1 - Prob. 2AH Ch. 9.1 - Calculate the gross wages of the following...Ch. 9.1 - Using the given differential scale, calculate the...

Ch. 9.1 - Calculate the following salespersons’ gross...Ch. 9.1 - Prob. 6AH Ch. 9.1 - Prob. 7AH Ch. 9.1 - Prob. 8AH Ch. 9.1 - Prob. 9AH Ch. 9.1 - Prob. 10AH Ch. 9.1 - Prob. 11AH Ch. 9.1 - Prob. 12AH Ch. 9.2 - Calculate Social Security taxes, Medicare taxes,...Ch. 9.2 - Prob. 2PQ Ch. 9.2 - Prob. 1EPQ Ch. 9.2 - Jim Brewer, owner of Arrow Company, has three...Ch. 9.2 - Prob. 1AH Ch. 9.2 - Prob. 2AH Ch. 9.2 - Prob. 3AH Ch. 9.2 - Prob. 4AH Ch. 9.2 - Prob. 5AH Ch. 9.2 - Prob. 6AH Ch. 9.2 - Prob. 7AH Ch. 9.2 - If Cynthia (Problem 7) earns $1,050 the following...Ch. 9.2 - Prob. 9AH Ch. 9.2 - Nicole Mariotte is unmarried and claimed one...Ch. 9.2 - Gerald Knowlton had total gross earnings of...Ch. 9 - Prob. 1ECP Ch. 9 - Complete the following table: Ch. 9 - Complete the following table (assume the overtime...Ch. 9 - Complete the following table (assume the overtime...Ch. 9 - Calculate gross earnings: Ch. 9 - Calculate gross earnings: Ch. 9 - Calculate the gross earnings for each apple picker...Ch. 9 - Calculate the gross earnings for each apple picker...Ch. 9 - Calculate the end-of-month commission. Ch. 9 - Ron Company has the following commission...Ch. 9 - Ron Company has the following commission...Ch. 9 - Complete the following table, given that A...Ch. 9 - Complete the following table, given that A...Ch. 9 - Calculate the Social Security and Medicare...Ch. 9 - Calculate the Social Security and Medicare...Ch. 9 - Calculate the Social Security and Medicare...Ch. 9 - Complete the following payroll register. Calculate...Ch. 9 - Complete the following payroll register. Calculate...Ch. 9 - Given the following, calculate the state (assume...Ch. 9 - Lai Xiaodong, a 22-year-old college-educated man,...Ch. 9 - Rhonda Brennan found her first job after...Ch. 9 - The Social Security Administration increased the...Ch. 9 - Calculate Social Security taxes, Medicare taxes,...Ch. 9 - Maggie Vitteta, single, works 38 hours per week at...Ch. 9 - Robin Hartman earns $600 per week plus 3% of sales...Ch. 9 - Pat Maninen earns a gross salary of $3,000 each...Ch. 9 - Richard Gaziano is a manager for Health Care. Inc....Ch. 9 - Larren Bullett is concerned after receiving her...Ch. 9 - Westway Company pays Suzie Chan $3,000 per week....Ch. 9 - Sarah Jones earns $525 per week selling life...Ch. 9 - Prob. 31ECP Ch. 9 - Prob. 32ECP Ch. 9 - Bill Rose is a salesperson for Boxes, Inc. He...Ch. 9 - Prob. 1PT Ch. 9 - Prob. 2PT Ch. 9 - Prob. 3PT Ch. 9 - Prob. 4PT Ch. 9 - Prob. 5PT Ch. 9 - Jean Michaud pays his two employees $900 and...

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