Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Andy Tresor assembles switches. He is paid $0.80 for the first 478 units assembled in a week and one-and-a-half times the regular rate for 'overtime'

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Andy Tresor assembles switches. He is paid $0.80 for the first 478 units assembled in a week and one-and-a-half times the regular rate for 'overtime' units. Andy's production for the week of 11/17 is shown below. Units Produced Reg. O.T. 478 42 Employee Reg. Rate per Unit $0.80 Gross Earnings Tresor, A. What were Andy's gross earnings for the week? Kelly Lynn sells college textbooks on commission. She gets 10% on the first $8000 of sales, 20% on the next $8000 of sales, and 24% on sales over $16,000. In July of 1997 Kelly's sales total was $18,500. What was Kelly's gross commission for July 1997? $ Tamara Brody is a trainee insurance salesperson. She is paid a base salary of $506 a week, a commission of 0.7% on sales above $15,000 up to $25,000, and a commission of 1.3% on sales in excess of $25,000. Tamara had sales of $23,250 in the week of 5/12. What were Tamara's gross earnings for the week of 5/12? (Type an integer or a decimal. Round to the nearest cent as needed.) Find the Social Security tax and the Medicare tax paid by William Jacard for the current pay period. Assume all William's earnings are subject to both taxes and that the FICA rate is 6.2% and the Medicare rate is 1.45%. FICA @ 6.2% Medicare @ 1.45% Earnings Current Pay Period $454.32 Employee Jacard, W. What is the FICA tax deducted from William's current gross earnings? $ (Round to the nearest cent.)

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

Study On The Auditing System Of Socialism With Chinese Characteristics

Authors: Jiayi Liu

1st Edition

111932470X, 978-1119324706

More Books

Students also viewed these Accounting questions

Question

4. Identify cultural variations in communication style.

Answered: 1 week ago