Determine the gross pay for the week

Assignment Help Accounting Basics
Reference no: EM131596923

Calculate Payroll

An employee earns $32 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $398.

a. Determine the gross pay for the week.

b. Determine the net pay for the week.

Reference no: EM131596923

Questions Cloud

Calculate the gain realized on the sale of stewart residence : Stewart, age 44, sells his personal residence of four years on June 14, current tax year for $185,000. Calculate the gain realized on sale of Stewarts residence
Show a possible intervention at the initial stage : Consider ways you might work with the following statement a group member might make, and show a possible intervention at the initial stage, transition stage.
Were experiments limited to isolated slave plantations : Describe the kinds of experiments conducted on African American slaves. Were experiments limited to isolated slave plantations?
Discuss the buffet rule should become legislation : Do you feel the Buffet rule should become legislation? Why, or Why not? How might different income groups react? How would you react?
Determine the gross pay for the week : An employee earns $32 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Determine the gross pay for the week
What is the maximum compensation that riddick can expect : What happened to Elaine Riddick? In which state did these events occur? What is the maximum compensation that Riddick can expect?
Did he die of an injury or of illness : His cause of death has been the subject of quite varied scholarly theories and conclusions. Did he die of an injury, of illness, of murder, or something else?
What is the frequent rate : You have just been hired as the human resources (HR) manager by your company's chief executive officer (CEO). During your interview process.
Should individuals lose their right to a due process : Could individuals lose their right to a due process? Should individuals lose their right to a due process? Does the end justify the means?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the horizontal analysis of financial statements how

explain the horizontal analysis of financial statements? how does horizontal analysis differ from vertical

  Determining the public accounting firm

Madison Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet's financial statements. In discussing the audit fee,

  Find amount of unrealized gains and unrealized losses

The Carrefour Group reports the following description of its trading securities (titled "financial assets reported at fair value in the income statement").

  Create a future budget based on where you want to be in the

just to give you some guidelines on the extra credit budget assignment we talked about. there are two parts1. create a

  Platinum passed the preferred dividend in 2011 and 2012 in

platinum trust has the following stockholders equitypaid in capitols-prefered stock 610 par 8000 shares authorized 6000

  No existing inventories or scheduled receipts

What is the lead time required to respond to a customer order for product C, assuming that there are no existing inventories or scheduled receipts?

  Aaron and kim form a partnership by combining the assets of

aaron and kim form a partnership by combining the assets of their separate businesses. aaron contributes accounts

  Seville company manufactures a product with a unit variable

seville company manufactures a product with a unit variable cost of 42 and a unit sales price of 75. fixed

  Average accumulated expenditures problem

Messersmith Company is constructing a building. Construction began in 2010 and the building was completed 12/31/10. Messersmith made payments to the construction company of $1,000,000 on 7/1, $2,100,000 on 9/1, and $2,000,000 on 12/31. Average acc..

  How much does the company owe to its creditors at month-end

How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found

  Jonathan macintosh is a highly successful pennsylvania

jonathan macintosh is a highly successful pennsylvania orchardman who has formed his own company to produce and package

  You are given a spreadsheet with daily sales numbers

you are given a spreadsheet with daily sales numbers ordered by date from january 1st to december 31st. you have been

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd