What is the gross pay for thomas martin

Assignment Help Financial Accounting
Reference no: EM132841033

Problem 1: Thomas Martin receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $374; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?

a. $1,188
b. $1,125
c. $2,250
d. $1,688

Reference no: EM132841033

Questions Cloud

Establish a cookie business selling : Establish a cookie business selling only one type of specialty cookie with two employees making the cookies - Develop costing and sales information
Hotel risk management in the wake of the erin andrews case : Once upon a time, ESPN host and celebrity Erin Andrews checked in to the Marriott Nashville while traveling to cover sports events.
Real world management implications : Undertake a literature review on a theoretical concept/construct of your choosing that has real world management implications
Should the company use the full cost method : Should the company use the full cost method or the successful efforts method? which method should the company use when reporting its financial results?
What is the gross pay for thomas martin : What is the gross pay for Martin? Thomas Martin receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in excess.
Regarding the activities you plan to conduct : What are the three important questions stakeholders are likely to ask regarding the activities you plan to conduct?
What is the average cost of fuel burned : What is the average cost of fuel burned by an aircraft waiting to land?
What are thoughts about managing people remotely : What are your thoughts about managing people remotely? Some questions to consider: Is this the new normal for the 21st century? What are the benefits and drawba
What be effect on profit of accepting order for duffy dog : Duffy Dog produces hard disk drive that sells for $172 per unit. The cost of producing 25,000 drives. What will be the effect on profit of accepting the order?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the depreciation expense under the following methods

Waterway Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $141,480.

  Cash flows-operating activities using the indirect method

Forten Company, a merchandiser, recently completed its calendar-year 2013 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, Prepare a complete statement of cash flow..

  What is the cost of equity for the new project

What is the cost of equity for the new project? Calculate the Net Present Value (NPV) if the company decided to buy new machine

  Evaluate the amount of depreciation

Disclosure of depreciation expense in income statement - Evaluate the amount of depreciation that should be reflected on the income statement for 2006 and 2007.

  Statement of changes in stockholders equity-balance sheet

In 2014, Pacilio Security Services decided to expand its business to sell security systems and offer 24-hour alarm monitoring services. It plans to phase out its current service of providing security personnel at various events.  Prepare a trial bala..

  Common assumption in the balanced scorecard

Which of the following is a common assumption in the balanced scorecard?

  Amount of dividends assigned to common and preferred stock

Circle Q Technologies declared a cash dividend of $340,000 on April 1, 2011. The firm has 3,600 shares of 8% cumulative, fully participating, $100 par preferred stock outstanding. Calculate the amount of dividends assigned to the common and the prefe..

  What is the change in owner equity from this transaction

Suppose you decide to purchase a $20,000 car with a mix of cash and a $2000 loan. What is the change in owner equity from this transaction?

  Calculate the indicated ratios for happy hamburger

Calculate the indicated ratios for Happy Hamburger. Discuss Happy Hamburger's strengths and weaknesses as revealed by your analysis.

  What is the ending inventory under fifo

A physical count of merchandise inventory on November 30 reveals that there are 120 units on hand. What is the ending inventory under FIFO?

  What is the value of the warrants that were attached

Gregg Company recently issued two types of bonds. What is the value of the warrants that were attached to the second issue?

  What is the probability that more than one machine

What is the probability that more than one machine is in the system? Probability that more than two are broken and waiting to be repaired or being serviced?

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