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

image text in transcribed
image text in transcribed
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 $13.00 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 Yehoor lunch break doting an 9 hour day. Her time card is shown below Name Mary Sue Guild Week Ending March 30, 20 Hours Worked Day In Out In Out Regular Overtime M 2:57 12:05 12:35 4:33 T 7:52 12:09 12:39 5:05 1/2 w 7:59 12:15 12:45 5:30 5 1 T 12:01 12:30 6:31 8 2 F 12:05 12:34 4:30 8 8:00 10:31 2 1/2 Complete the following for the weeke: If required, round you to two decimal place an amount is zero, enter regular hours X 513.00 per hour b. Overtime hours X $19.50 per hour Total gross wages Federal income tax withholding d. Tax Tables: Refer to Figure 34 in the text. Social Security withholding at 6.2 Michelin 8:00 7:55 C Medicare withholding at 1.45% g. Total withholding III h. Net pay 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 $13.00 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 Yehoor lunch break doting an 9 hour day. Her time card is shown below Name Mary Sue Guild Week Ending March 30, 20 Hours Worked Day In Out In Out Regular Overtime M 2:57 12:05 12:35 4:33 T 7:52 12:09 12:39 5:05 1/2 w 7:59 12:15 12:45 5:30 5 1 T 12:01 12:30 6:31 8 2 F 12:05 12:34 4:30 8 8:00 10:31 2 1/2 Complete the following for the weeke: If required, round you to two decimal place an amount is zero, enter regular hours X 513.00 per hour b. Overtime hours X $19.50 per hour Total gross wages Federal income tax withholding d. Tax Tables: Refer to Figure 34 in the text. Social Security withholding at 6.2 Michelin 8:00 7:55 C Medicare withholding at 1.45% g. Total withholding III h. Net pay

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

Internationale Rechnungslegung IFRS Praxis

Authors: Author

1st Edition

3834909289, 9783834909282

More Books

Students also viewed these Accounting questions