An employee earns $25 per hour and 2 times that rate for all hours in excess...
Homework Answers
| The question is not clear, so I assume that you are asking for Gross and net pay for the given problem. | ||||
| Gross Pay | =(Normal Hour * Per hour rate) + (Overtime Hour * overtime Rate) | |||
| Gross Pay | =(40 Hour * $25 )+ (8 hour * 2 * $25) | |||
| =$1400 | ||||
| Net Pay | =Gross Pay- Social Security tax - Medicare tax - Federal Income Tax | |||
| =$1400-($1400*6%)-($1400*1.5%)-$239.15 | ||||
| =$1055.85 | ||||
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employee earns $25 per hour and 2 times that rate for all hours in
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3. Anmol An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled 558,000. Assume further that the social security tax rate was 7.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and the federal income tax to be withheld was $614. Required: (1) Determine the...
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this one im having problems with. please help quick Calculate Payroll An employee earns $28 per...
this one im having problems with. please help quick
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this one im having problems with. please help quick
Calculate Payroll An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $40,600o. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $451. a....
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