Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-09 a-b (Part Level Submission) Elizabeth Garza's regular hourly wage rate is $14.00, and she receives a wage of 11/2 times the regular hourly

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

Exercise 11-09 a-b (Part Level Submission) Elizabeth Garza's regular hourly wage rate is $14.00, and she receives a wage of 11/2 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Elizabeth worked 44 hours. Her gross earnings prior to the current week were $7,800. Elizabeth is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. If the wages are But less At least than 9 10 (For Wages Paid through December 2017) And the number of withholding allowances claimed is 1 2 3 4 5 6 7 8 The amount of income tax to be withheld is 34 27 19 11 4 0 0 35 28 20 12 5 0 0 0 37 29 21 13 6 0 0 0 0 500 510 0 0 510 520 530 0 520 530 540 38 30 22 14 7 0 0 550 40 31 23 15 8 540 560 41 32 24 550 16 9 1 560 570 43 33 25 17 10 2 570 580 44 34 26 18 11 3 590 580 46 35 27 19 12 4 590 600 47 36 28 20 13 5 600 610 29 21 14 6 49 50 610 620 38 39 41 30 22 15 7 620 630 52 31 8 23 24 16 17 630 640 53 42 9 32 33 640 650 55 44 25 18 10 650 660 56 45 34 26 19 11 4 0 660 670 58 47 35 27 20 12 5 0 680 59 37 28 21 13 6 670 680 48 50 61 38 29 22 14 7 0 690 700 62 51 40 30 23 690 15 8 0 (a) Your answer has been saved and sent for grading. See Gradebook for score details. Compute the following amounts for Elizabeth's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. 602 (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) 46.05 (3) Federal income taxes withheld. 44.52 (4) State income taxes withheld. (Assume a 2.0% rate.) 12.04 $ (5) Net pay. 479.38 By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

eR/=15 eR/=15

Answered: 1 week ago