Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate payroll an employee earns $44 per hour a

Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all...

70.2K

Verified Solution

Question

Accounting

Calculate Payroll

An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employees federal income tax withheld is $403. If the employee worked 51 hours during the week;

a. Determine the gross pay for the week. $

b. Determine the net pay for the week. Round your answer to two decimal place. $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A customer service department asks its customers to rate their​ over-the-phone service on a scale of​...

Statistics
Q

Evaluate Twitter and Instagram as tools for branding a not for profit charity organisation. With reference...

General Management
Q

1. Writing a recommendation of 2 pages for a movie or a TV series that is...

General Management
Q

p 16 100 r 7 t 1 years OA 112 700 OB 2 300 OC...

Basic Math
Q

ind the distance from the point 0 3 to the line y x 1

Algebra
Q

Equipment with a fair value of $600,000 and book value of $360,000 (cost $660,000 and...

Accounting
Q

could someone help me fill in the following data with explanations. ...

Accounting
Q

10 Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company...

Accounting
Q

For a stock dividend of less than 20 to 25% of the outstanding shares, Stock...

Accounting
Q

Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December...

Accounting
Q

On January 1, 2024, a company began construction of a new warehouse. The building was...

Accounting
Q

What basic steps would the auditor perform to compile the information necessary to build the...

Accounting