During the week ended May 15, 2019, Scott Fairchild worked 40 hours. His regular hourly...
70.2K
Verified Solution
Link Copied!
Question
Accounting
During the week ended May 15, 2019, Scott Fairchild worked 40 hours. His regular hourly rate is $19. Assume that all of his earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. He also has deductions of $36 for federal income tax and $26 for health insurance. a. What is his gross pay for the week? b. What is the total of his deductions for the week? c. What is his net pay for the week? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) a Gross pay for the week b. Deductions for the week c. Net pay for the week
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: Flex AI - Your personal assistant for all your inquiries!
