Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per

Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $10.00 per hour. Her wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. She is married and claims four withholding allowances. Guild has a 12-hour lunch break during an 8%2-hour day. Her time card is shown. Name Mary Sue Guild Week Ending March 30, 20-- Hours Worked Day In Out In Out Regular Overtime M 7:57 12:05 12:35 4:33 8 T 7:52 12:09 12:39 5:05 8 W 7:59 12:15 12:45 5:30 8 1 T 8:00 12:01 12:30 6:31 8 2 F 7:56 12:05 12:34 4:30 8 S 8:00 10:31 2 Complete the following for the week: a. b. regular hours x $10.00 per hour overtime hours x $15.00 per hour C. Total gross wages d. Federal income tax withholding (Tax Tables: Refer to Figure 8-4 in the text.) e. Social Security withholding at 6.2% f. Medicare withholding at 1.45% 9. Total withholding h. Net pay Check My Work 000 00000 Previous Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

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

Recommended Textbook for

Acca Financial Reporting

Authors: BPP Learning Media

1st Edition

1509784888, 978-1509784882

More Books

Students also viewed these Accounting questions