1.Thomas Martin receives an hourly wage rate of $21, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 44; federal income tax withheld, $370; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?

Round your answer to the nearest whole dollar.

 

2. Martin Jackson receives an hourly wage rate of $14, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $126; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson?

 

3.Crafter Company has the following assets and liabilities:

Assets
Cash	$24,849
Accounts receivable	12,056
Inventory	21,979
Equipment	67,225
Liabilities
Current portion of long-term debt	$13,895
Accounts payable	3,529
Long-term debt	50,492

Determine the quick ratio (rounded to one decimal place).