![oliviablue7535](/avatars/4183.jpg)
oliviablue7535
18.07.2020 •
Business
Breakin Away Company has three employees—a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
Consultant Computer Programmer Administrator
Regular earnings rate $4,000 per week $60 per hour $50 per hour
Overtime earnings rate* Not applicable 1.5 times hourly rate 2 times hourly rate
Number of withholding allowances 2 1 2
* For hourly employees, overtime is paid for hours worked in excess of 40 hours per week.
For the current pay period, the computer programmer worked 50 hours and the administrator worked 48 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75.
Determine the gross pay and the net pay for each of the three employees for the current pay period. If required, round your answers to two decimal places.
Consultant Computer Programmer Administrator
Gross pay $ $ $
Net pay $ $ $
Solved
Show answers
More tips
- F Family and Home How to Keep Your Home Warm: Tips and Tricks...
- D Dating, Love, Relationships Does a Person s Character Depend on the Color of Their Eyes?...
- O Other Childhood Fears: What Many of Us Experienced...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business Lisa needs delivering newspapers. she offers sam $100 to deliver newspapers. sam accepts. sam owes max $100. sam tells max that he will have lisa pay him $100 after he deliver the...
- B Business Which commonly abused drug is not psychoactive but still has serious long-term effects on the user’s brain?...
- B Business Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a...
- E English B-OOBIES : H-ELL YEAH...
- C Chemistry C2H4(g) + 302(g) → 2CO2(g) + 2H20(i) H =-1411 kJ/mol The equation above can be classified as A endothermic; H is positive B exothermic; H is negative exothermic; H is positive D endothermic;...
- B Biology A scientist is observing various phenomena in the environment. He wants to plot the position of various objects as a function of time. Which plot will yield a periodic wave? A. the...
- C Computers and Technology Criteria for your new diagram 1. An enterprise has a main branch and 6 branches located at different locations. Each of the 7 locations has 300 computers each.You should plan for expansion...
- M Mathematics -9x - 12 = -3 Step By Step Pls...
- M Mathematics HELP HELP HELP HELP What is the equation of the trend line in the scatter plot ?...
- S Social Studies All of the following are major reasons vehicles contribute to air pollution in India EXCEPT a) poor vehicle fuel quality. b) vehicles lack catalytic converters. c) vehicles have oversized...
Ответ:
Gross pay:
consultant $4,000 computer programmer $3,300 administrator $2,800Net pay:
consultant $2,767.98 computer programmer $2,295.48 administrator $1,993.98Explanation:
regular earnings overtime withholding
allowances
Consultant $4,000 per week N/A 2
Computer programmer $60 per hour 1.5 1
Administrator $50 per hour 2 2
computer programmer worked 50 hours = ($60 x 40) + ($60 x 10 x 1.5) = $3,300
administrator worked 48 hours = ($50 x 40) + ($50 x 8 x 2) = $2,800
Social security taxes:
Consultant = 6% x $4,000 = $240 Computer programmer = 6% x $3,300 = $198 Administrator = 6% x $2,800 = $168Medicare taxes:
Consultant = 1.5% x $4,000 = $60 Computer programmer = 1.5% x $3,300 = $49.50 Administrator = 1.5% x $2,800 = $42Federal income taxes:
Consultant: amount subject to withholding = $4,000 - (2 x $75) = $3,850. Federal income taxes = $356.90 + [28% x ($3,850 - $1,796) = $932.02 Computer programmer = amount subject to withholding = $3,300 - (1 x $75) = $3,225. Federal income taxes = $356.90 + [28% x ($3,225 - $1,796) = $757.02 Administrator = amount subject to withholding = $2,800 - (2 x $75) = $2,650. Federal income taxes = $356.90 + [28% x ($2,650 - $1,796) = $596.02Gross pay:
consultant $4,000 computer programmer $3,300 administrator $2,800Net pay:
consultant $4,000 - ($240 + $60 + $932.02) = $2,767.98 computer programmer $3,300 - ($198 + $49.50 + $757.02) = $2,295.48 administrator $2,800 - ($168 + $42 + $596.02) = $1,993.98Ответ:
The PATRIOT Act of 2001.
The PATRIOT Act was passed after the 9/11 terrorist attacks to help the United States government deal with threats.