Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll

image text in transcribed
An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows: hours worked, 46; federal income tax withhed, $110; Sodial security tax rate, 6% and Medicare tax rate, 1.5 utate unemployment tax, 5.9% on the first $7,000; federal unemployment tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? If required, round your answers to the nearest cent. Oa. 3539.00 Ob. $544.38 Oc. 5625.00 Od. 5569.30 Previous Next) 10:00 PM 1110/220 22 a 11 * P E 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Preliminary Audit Results Montanas State Employee Compensation 1990

Authors: Waters Consulting Group, Montana. State Employee Compensation Committee

1st Edition

1378152700, 978-1378152706

More Books

Students also viewed these Accounting questions