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1. An employee is paid bi-monthly at $14.00/hr. Assume the bi-monthly period is 11 work days, and the employee works a full 8-hour day plus

1. An employee is paid bi-monthly at $14.00/hr. Assume the bi-monthly period is 11 work days, and the employee works a full 8-hour day plus 2 hours overtime each day. There is no overtime pay differential; all hours are paid at straight time. The employees earnings are subject to a 30% Federal Income Tax withholding and a 6.2% Social Security deduction. There is also a deduction of $4.27 for insurance. What is the employees net pay?

2. If 6 hours equal 100 percent how many hours a day does a 37.5 percent employee work?

3. An employees biweekly gross salary is $900. The total deductions are 8 % for retirement, 17 % for Federal tax, 6 % for State tax, 1.15 % for union dues, and 1.45 % for Medicare. What is the total amount of the deductions?

4. If Josh receives a salary increase of 7 % of his current salary, what is the amount of increase on a salary of $2,400?

5. Serena is paid at the rate of $12,500 per annum (12 months or 2,080 work hours) and accrues vacation time at the rate of 14 hours per month. At the end of one year, she used 8 days of vacation time, and resigned. How much is the employee due in final settlement for accrued vacation time?

6. What percentage of Ellie's salary is she paying in taxes if her annual salary is $45,000, and her tax liability is $14,500?

Calculations would be appreciated to see how one can get from point A to point B. Thank you!

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