Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Herman Sampson manages a Dairy World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week
Herman Sampson manages a Dairy World drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week Sampson's payroll deductions include withhold income tax of 30%, FICA I deduction of $12 for a charitable contribution to United Way. Sampson worked 56 hours during the week (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sampson's gross pay and net pay for the week. Assume sarmings to date arn $16,000 (Round all amou Begin by computing Sampson's gross pay for the week. traight-time pay for 40 hours Overtime pay for 16 hours Gross Pay $120.00 312.00 $32.00 Compute Sampson's net pay for the week (Round all amounts to the nearest ect.) Gross pay Withholding deductions Employee income tax 832 More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Employer Requirements OASDI 6.2% on frst $132,900 eamed, Medicare: 1.45% up to $200,000, 2.35% on eamings above $200,000. OASDI: 6.2% on first $132.900 earned; Medicare: 1.45% FUTA 0.5% on first $7.000 eamed: SUTA: 54% on fist $7.000 earned Print Done 240.0 Employee OASDI tax 61.58 Employee Medicare tax 12.0 Employee contribution to United Way 12 Net (ake-home) pay 506.76 Choose from any list or enter any number in the input fields and then click Check Arawer 2 parts remaining Clear Al 1. Compule Sampson's gross pay and net pay for the week. Assume ringto date are $10,000 2. Joumatze Dairy World's wages expense accrual for Sampers work. As explanation is not required. 3. Joule the subsequent payment of wager to Sampson Print Done Am
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