Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A finish carpenter is to be paid $1,095.00 for a week's work. The employer has the following labor burden costs: 6.2% for social security tax,

A finish carpenter is to be paid $1,095.00 for a week's work. The employer has the following labor burden costs: 6.2% for social security tax, 1.45% for Medicare, $26.88 for SUTA, $7.17 for FUTA, $8.96 for liability insurance, $71.67 for workers' compensation, $24.00 for the health insurance premium, and $38.00 is set aside for vacation. The employee has the following withheld from his or her check: 6.2% for social security tax, 1.45% for Medicare, $75.25 as federal withholding, $43.86 for state withholding, and $76.08 for the employee's part of the health insurance premium. 

What is the correct amount payable to the employee?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine the correct amount payable to the employee after considering the additional information ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

More Books

Students also viewed these Accounting questions