Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

During the first week of February, Gabe Hopen earned $300. Assume that FICA taxes are 7.65 percent of wages up to $106,800, state unemployment

 

During the first week of February, Gabe Hopen earned $300. Assume that FICA taxes are 7.65 percent of wages up to $106,800, state unemployment tax is 5.0 percent of wages up to $13,000, and federal unemployment tax is 0.8 percent of wages up to $13,000. Assume that Gabe has voluntary with holdings of $10 (in addition to taxes) and that federal and state income tax with holdings are $18 and $6, respectively. Using the information above, what amount is the check, net of all deductions, that Gabe received for the week's pay? $243.05 $259.60 $274.60 $277.00

Step by Step Solution

3.61 Rating (169 Votes )

There are 3 Steps involved in it

Step: 1

Solution Amount in Gross Wages 300 Less FICA taxes ... 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_2

Step: 3

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon
635e0f8ab9e0e_181112.pdf

180 KBs PDF File

Word file Icon
635e0f8ab9e0e_181112.docx

120 KBs Word File

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

Payroll Accounting 2016

Authors: Bernard J. Bieg, Judith Toland

26th edition

978-1305665910, 1305665910, 1337072648, 978-1337072649

More Books

Students explore these related Accounting questions

Question

What is a manufacturing system?

Answered: 3 weeks ago