What is the gross pay for martin

Assignment Help Accounting Basics
Reference no: EM132779334

Problem 1: Thomas Martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $344; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?

a. $780
b. $1,080
c. $1,440
d. $720

Reference no: EM132779334

Questions Cloud

Best safety practices for fire safety : Compare and contrast the four priorities for best safety practices for fire safety discussed in the unit.
Reduce the risk of fire during the design phase : Summarize the components in a building that can be used to reduce the risk of fire during the design phase.
What would be the amount to debit as a posting to accounts : Assume a perpetual inventory system is used. What would be the amount to debit as a posting to Accounts Payable from the cash payments journal
Specific cultural aspects will impact negotiation process : Identifying the ways in which country-specific cultural aspects will impact the negotiation process.
What is the gross pay for martin : What is the gross pay for Martin? Thomas Martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours
Creating a service company master budget : Describe the process for creating a service company master budget. How would the budget process for the service company differ from a manufacturing company
International business negotiations : Culture influences the negotiation styles that are used in international business negotiations.
Determine the proceeds of the note assuming the note carries : Determine the proceeds of the note assuming the note carries an interest rate of 10%. Batson Company issued a 60-day note with a face amount.
Create a java app in cloud to implement a handler : Create a Java app in Cloud to implement a handler for the intended Lambda function. Following this, create the Lambda function using the handler in AWS Lambda

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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