Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 22, 2024

Employees weekly gross earnings were $5,300, and their federal income tax withholding was $1,112.50. Assuming the social security rate is 6.0% and the Medicare tax

Employees weekly gross earnings were $5,300, and their federal income tax withholding was $1,112.50. Assuming the social security rate is 6.0% and the Medicare tax rate is 1.5%, what is the net amount to be paid to employees?

a.$4,108.00

b.$3,869.50

c.$3,790.00

d.$4,187.50

Step 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

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser

1st Edition

0072954442, 9780072954449

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is ergonomics? How can it be applied to office workers?

Answered: 1 week ago

Question

★★★★★

XM, Ltd. was a small engineering firm that built high-tech robotic devices for electronics manufacturers. One very complex device was partially completed at the end of 2024. Barb McLauren, owner and...

Answered: 1 week ago

Question

★★★★★

Do the data in Example 11.4 provide sufficient evidence to indicate a difference in the average attention spans depending on the type of breakfast eaten by the student?

Answered: 1 week ago

Question

★★★★★

Tucson, a U.S. corporation organized in Year 1, reports the following items for a three-year period. The foreign source and worldwide taxable income items are determined under U.S. law. a. What is...

Answered: 1 week ago

Question

★★★★★

On January 1, 2015, the first day of its fiscal year, the City of Carter received notification that a federal grant in the amount of $650,000 was approved. The grant was restricted for the payment of...

Answered: 1 week ago

Question

★★★★★

Graph each function State the Period domain and rang y tanx 2 Y HE Graph each function. State the Period, domain, and ran -V = tanx+2 Y

Answered: 1 week ago

Question

★★★★★

Making sure that time is dedicated to problem - solving and post - performance review is an explicit part of: - Supportive learning environment. - Learning processes and practices. - Managers...

Answered: 1 week ago

Question

★★★★★

High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage...

Answered: 1 week ago

Question

★★★★★

In a research project the PMHNP is conducting, some patients are excluded from the project, so instead of randomizing subjects, the subjects are highly selected. This type of selection could produce...

Answered: 1 week ago

Question

★★★★★

The 15 tenure track professors in a university math department are paid an average of $90,000 per year, while the 10 adjunct professors are paid an average of $60,000 per year. What is the average...

Answered: 1 week ago

Question

★★★★★

9. Alicia is the project manager of the Cloud Managed Services team that works on the Spanish Telecom project. Recently the client sent a request for a custom cloud solution. The typical development...

Answered: 1 week ago

Question

★★★★★

4.13 The number of computers sold per day at Dans Computer Works is defined by the following probability distribution: x 0 1 2 3 4 5 6 P(x) 0.05 0.10 0.20 0.20 0.20 0.15 0.10

Answered: 1 week ago

Question

★★★★★

Suppose that the probability distribution for the number of errors, X, on pages from business textbooks is as follows: P102 = 0.81 P112 = 0.17 P122 = 0.02 Find the mean number of errors per page.

Answered: 1 week ago

Question

★★★★★

4.15 Consider the probability distribution function. x 0 1 Probability 0.40 0.60 a. Graph the probability distribution function. b. Calculate and graph the cumulative probability distribution. c....

Answered: 1 week ago

Previous Question Next Question