Given: Teacher contract is based on 180 days. Base contract, $55,000. Stipend of 2 percent for being
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Given:
Teacher contract is based on 180 days.
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Base contract, $55,000. Stipend of 2 percent for being yearbook sponsor (percentage of base salary). Biweekly payroll (assume 26 pays per year). Stipend also paid over 26 pays. Federal tax rate is 15 percent. State tax rate is 3 percent. Medicare rate is 1.45 percent. Retirement system contribution is 8 percent. Union dues per pay are $26.10. Determine:
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Related Book For
Financial Accounting For School Administrators Tools For School
ISBN: 9781610487719
3rd Edition
Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden
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