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Problem 2 Mettsa Company wants to give Pedro Albers a $300 bonus. The company wants to make sure Pedro receives $300 after taxes are taken
Problem 2 Mettsa Company wants to give Pedro Albers a $300 bonus. The company wants to make sure Pedro receives $300 after taxes are taken out. Assume the company uses the flat rate method to withhold federal income taxes from supplemental wages and that Pedro's earnings are subject to federal income tax, social security tax, and medicare tax. What is the total amount, before taxes, Mettsa Company should award Pedro? Round your final answer to the nearest cent and show your work. See example 4-12 for guidance. Problem 3 Jill, a waitress, submitted form 4070 to her employer on March 8, 2021, reporting the tips she'd received from customers in the month of February. Form 4070 showed $1,452 in cash tips received. Jill also earned $568 in wages for the pay period ending March 8 . Jill's earnings are subject to federal income tax, social security tax, and medicare tax and her employer pays her weekly. Assuming Jill was hired in 2019, is single, and claims one allowance, what is the amount of the paycheck Jill will receive from her employer for the pay period ending March 8, 2021? Round your final answer to the nearest cent and show your work. See example 4-1 for guidance. Problem 2 Mettsa Company wants to give Pedro Albers a $300 bonus. The company wants to make sure Pedro receives $300 after taxes are taken out. Assume the company uses the flat rate method to withhold federal income taxes from supplemental wages and that Pedro's earnings are subject to federal income tax, social security tax, and medicare tax. What is the total amount, before taxes, Mettsa Company should award Pedro? Round your final answer to the nearest cent and show your work. See example 4-12 for guidance. Problem 3 Jill, a waitress, submitted form 4070 to her employer on March 8, 2021, reporting the tips she'd received from customers in the month of February. Form 4070 showed $1,452 in cash tips received. Jill also earned $568 in wages for the pay period ending March 8 . Jill's earnings are subject to federal income tax, social security tax, and medicare tax and her employer pays her weekly. Assuming Jill was hired in 2019, is single, and claims one allowance, what is the amount of the paycheck Jill will receive from her employer for the pay period ending March 8, 2021? Round your final answer to the nearest cent and show your work. See example 4-1 for guidance
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