Answered step by step
Verified Expert Solution
Question
1 Approved Answer
By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and
By how much would total payroll (compensation plus tax) increase in the previous question if the government imposed a new minimum wage of $15/hour and the managers wages increased by the same proportion as the servers wages?
QUESTION 6 Managers are paid a weekly salary, while servers are paid an hourly wage. In addition to employee compensation, the employer is responsible for payroll tax equal to 7.5% of compensation. Complete the following table to calculate the weekly compensation and payroll tax paid by the employer. Remember that servers work 10 hours per week. Employee Type Quantity Wage Compensation Payroll Tax @ 7.5% Manager 2 $580/week $ 1160 $ 84.00 Server 15 $10/hour $ 1500 $ 112.50 Total 2660 $ 196.50Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started