What is sandy net pay after fit

Assignment Help Business Economics
Reference no: EM131666203

The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $6.75 to $8.00. California has a state income tax of 9%. Sandy Denny earns $8.00 per hour; George Barney earns $6.75 per hour. They both worked 35 hours this week. Both are married; however, Sandy claims 2 exemptions and George claims 1 exemption. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare.

(a) What is Sandy's net pay after FIT (use the tables in the text), Social Security tax, state income tax, and Medicare have been taken out?

(b) What is George's net pay after the same deductions?

(c) How much more is Sandy's net pay versus George's net pay? Round to the nearest cent.

Reference no: EM131666203

Questions Cloud

Create a specific checklist for the educational institution : Your task, as the system administrator, is to create a specific checklist for educational institution to ensure implementation of FERPA, CIPA and COPPA laws.
Difficult to establish trust in a virtual team : Some people think it is much more difficult to establish trust in a virtual team. How will you go about establishing trust with your learning team?
Define final say in an incapacitated patients life decisions : Should parents or a spouse have the final say in an incapacitated patient's life decisions. Why or why not
Discuss structure the session to handle the feelings : What concerns would you have. How would you structure the session to handle the feelings of all group members
What is sandy net pay after fit : What is Sandy's net pay after FIT (use the tables in the text), Social Security tax, state income tax, and Medicare have been taken out?
Why if an attorney isnt necessary at the lineup stage : What are your thoughts about whether an attorney should be present. If an attorney isn't necessary at the lineup stage
Describe how manufacturing and service firms differ : Describe how manufacturing and service firms differ. Identify and discuss the issues global service businesses must overcome as they expand into foreign market?
Philosophy and practices of some organization : Think about the compensation (pay) philosophy and practices of some organization.
Explain how united states cooperates with these organization : Was there a cooperative relationship between the U.S and international enforcement agencies, and is this cooperation still on going

Reviews

Write a Review

Business Economics Questions & Answers

  Consider monoply that faces a market deman function

Consider a monoply that faces a market deman function D(p)=100-p, where p is the price that the monoply changes and q is the quantity. The monopoly has MC=q. Suppose the monoply can do project 1st degree price discrimnation. What is the maximal profi..

  Firm decides in the short run or in the long run

Explain whether this firm decides in the short run or in the long run. Calculate optimal level of output if the equilibrium price is €200.

  Components of aggregate expenditure

What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.

  Cereal box fillings is exceeding the design specification

The filling variance for boxes of cereal is designed to be .02 or less. A sample of 41 boxes of cereal shows a sample standard deviation of .16 ounces. Use ? = .05 to determine whether the variance in the cereal box fillings is exceeding the design s..

  Why is there asymmetric information in the labor market

For each of the following purchases, say whether you would expect the degree of imperfect information to be relatively high or relatively low: Why is there asymmetric information in the labor market? What signals can an employer look for that might i..

  Obtain unique before expanding to larger audience

Is it important to a company to obtain a unique following before expanding to a larger audience? What makes more sense, to try and cast your net wide initially early on or maybe to go after that unique following first and then expand your reach?

  Positive relationship between immunization rate and autism

There is a small but growing movement against immunizations in the US and in the world. Advocates claim that there is a positive relationship between immunization rate and autism, and they prefer their children to get a flu that would “increase their..

  Question about coase theorem

Bob and Dexter share a dorm room. Bob is a chain smoker but Dexter does not smoke. There are no laws that forbid smoking in the dorm rooms.

  Assume amount of deposit does not change the entire time

Create an Excel file ( or a picture) with 6 separate spreadsheets that make it SUPER EASY (fill in the box type thing**) for someone (like your grandma) to determine the following: How much do I have to save for retirement: Include a box for: goal am..

  Illustrate international equilibrium in the ricardian model

Show how the relative supply/relative demand (RS-RD) curve diagram may be used to illustrate international equilibrium in the Ricardian model. How would equilibrium change if the size of one of the countries doubled but labor productivity halved?

  Discuss how changes in income affect the average

Be able to discuss how changes in income affect the average and marginal propensities to consume and save – and how economists use this information and how what they do can lead to changes in interest rates, affecting individuals in the economic syst..

  How do we deter free riders

How do we deter free riders? What is the cost (to society) of free riders? Give an example of a public good that has a large amount of free riders. How can we change this?

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