Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have graduated with your Associate's degree and have accepted a part-time job at Jim's Skate and Surf Shop as a manager. The job you

image text in transcribed
You have graduated with your Associate's degree and have accepted a part-time job at Jim's Skate and Surf Shop as a manager. The job you accepted pays you $16.00 per hour and requires you to work 35 hours per week, Monday-Friday. You are paid weekly and are required to pay Federal Income Tax $50.00, State Income Tax of 5%= 28.00 , Social Security 6.2%=34.72 and Medicare Tax1.45%=8.12. Complete the paycheck template below to determine the gross and net pay amount on your paycheck. Using the amounts above calculate your paycheck Gross pay= A Net Pay= You have graduated with your Associate's degree and have accepted a part-time job at Jim's Skate and Surf Shop as a manager. The job you accepted pays you $16.00 per hour and requires you to work 35 hours per week, Monday-Friday. You are paid weekly and are required to pay Federal Income Tax $50.00, State Income Tax of 5%= 28.00 , Social Security 6.2%=34.72 and Medicare Tax1.45%=8.12. Complete the paycheck template below to determine the gross and net pay amount on your paycheck. Using the amounts above calculate your paycheck Gross pay= A 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

Contemporary Financial Management Fundamentals

Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao

1st Edition

0324015771, 9780324015775

More Books

Students also viewed these Finance questions

Question

why you want to attend graduate school in general;

Answered: 1 week ago