Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Julie Garza's regular hourly wage rate is $30, and she receives a wage of 1.5 times the regular hourly rate for work in excess of
Julie Garza's regular hourly wage rate is $30, and she receives a wage of 1.5 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Julie worked 44 hours. Her gross earnings prior to the current week were $6,000. Julie is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $32.00 per week.
Compute the following amounts for Julie's wages for the current week. (Round all answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. $ (2) FICA taxes. (Assume a 7.65% rate on maximum of $132,900.) $ (3) Federal income taxes withheld. $ (4) State income taxes withheld. (Assume a 2.0\% rate.) $ (5) Net pay. $ \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|} 1,426 & 1,437 & 137 & 127 & 118 & 108 & 98 & 89 & 79 & 69 & 60 & 50 & 40 \\ 1,437 & 1,448 & 138 & 129 & 119 & 109 & 100 & 90 & 80 & 71 & 61 & 51 & 41 \\ 1,448 & 1,459 & 140 & 130 & 120 & 111 & 101 & 91 & 82 & 72 & 62 & 52 & 43 \\ 1,459 & 1,470 & 141 & 131 & 122 & 112 & 102 & 93 & 83 & 73 & 64 & 54 & 44 \\ 1,470 & 1,481 & 142 & 133 & 123 & 113 & 104 & 94 & 84 & 75 & 65 & 55 & 45 \\ 1,481 & 1,492 & 144 & 134 & 124 & 115 & 105 & 95 & 86 & 76 & 66 & 56 & 47 \\ 1,492 & 1,503 & 145 & 135 & 126 & 116 & 106 & 97 & 87 & 77 & 67 & 58 & 48 \\ 1,503 & 1,514 & 146 & 137 & 127 & 117 & 108 & 98 & 88 & 78 & 69 & 59 & 49 \\ 1,514 & 1,525 & 148 & 138 & 128 & 119 & 109 & 99 & 89 & 80 & 70 & 60 & 51 \\ 1,525 & 1,536 & 149 & 139 & 130 & 120 & 110 & 101 & 91 & 81 & 71 & 62 & 52 \\ \hline \end{tabular} Julie Garza's regular hourly wage rate is $30, and she receives a wage of 121 times the regular hourly rate for work in hours. During a March weekly pay period, Julie worked 44 hours. Her gross earnings prior to the current week were $ married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance week. MARRIED Persons - WEEKLY Payroll Period Record Julie's pay. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
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