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

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 $15.00 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 - hour lunch break during an 82-hour day. Her time card is shown. Mary Sue Guild Name Week Ending a. In 7:57 7:52 7:59 8:00 7:56 8:00 Complete the following for the week: b. C. d. e. f. 9. Day M T W T h. March 30, 20-- F S Out In Out 12:05 12:35 4:33 12:09 12:39 5:05 12:15 12:45 5:30 12:01 12:30 6:31 12:05 12:34 4:30 10:31 40 regular hours x $15.00 per hour 6 overtime hours x $22.50 per hour Total gross wages Federal income tax withholding (Tax Tables: Refer to Figure 8-4 in the text.) Social Security withholding at 6.2% Medicare withholding at 1.45% Total withholding Net pay Hours Worked Regular Overtime 8 8 8 8 8 1 2 2 $ $ $ $ 600 135 735 10.00 X 10 X 71 X 639 X

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_2

Step: 3

blur-text-image_3

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

College Accounting

Authors: Heintz and Parry

20th Edition

1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192

More Books

Students also viewed these Accounting questions

Question

Using a graphing utility, graph y = cot -1 x.

Answered: 1 week ago