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Question - An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $354; cumulative earnings for year prior to current week, $96,261; social security tax rate, 6.0% on maximum of $108,826; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee?
a. $665
b. $1,260
c. $630
d. $945
the whitton company uses a discount rate of 16. the company has an opportunity to buy a machine now for 18000 that will
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