1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fredd [130]
1 year ago
13

Question: You can work 40 hours per pay period while attending school earning $12.50 an hour. There are two pay periods per mont

h. NOW Assume you have deductions for health care of $25 per pay period and 401K deduction of $50 per pay period. These deductions are pretax.
Gross Pay per pay period: $
Taxable Income per pay period:

You pay 11% in federal taxes. Federal tax withholding per pay period: $

___

Use the state tax rates below and calculate State tax withholding per pay period: $
(round to two decimals)

_____

From the image:

Calculate FICA withholding per pay period: $

Calculate Medicare withholding per pay period: $
(round to two decimals)

What is your Net pay per pay period: $
​​​​​​​(round to two decimals)

Mathematics
1 answer:
77julia77 [94]1 year ago
6 0

1) Based on the information, the following taxation calculations can be made:

a) Gross Pay per pay period: $500

b) Taxable Income per pay period: $425

c) Since you pay 11% in federal taxes, the Federal tax withholding per pay period is <u>$46.75</u>.

2) The State tax withholding per pay period is <u>$20</u>.

3) The calculation of FICA, Medicare, and the Net Pay per pay period is as follows:

FICA withholding per pay period: $25.50

Medicare withholding per pay period: $6.16

Net Pay per pay period = $326.59

<h3>Data and Calculations:</h3>

Total hours worked per pay period = 40 hours

Rate per hour = $12.50

Pay periods per month = 2

Gross pay per pay period = $500 (40 x $12.50)

<h3>Deductions per pay period:</h3>

Health care = $25

401K deduction = $50

Total deductions per pay period = $75

Taxable income per pay period = $425 ($500 - $75)

Federal taxes = 11%

Federal tax withholding per pay period: $46.75 ($425 x 11%)

Annual taxable income = $10,200 ($425 x 24)

State withholding tax (annual) = $480 {$120 + ($10,200 - $5,000) x 5%}

State withholding tax per pay period = $20 ($480/24)

FICA withholding per pay period: $25.50 ($425 x 6.2%)

Medicare withholding per pay period: $6.16 ($425 x 1.45%)

<h3>Net Pay per pay period:</h3>

Gross Pay $500

Total deductions $75

Taxable income = $425

Federal Withholding = $46.75

State Withholding = $20

]FICA Withholding = $25.50

Medicare Withholding = $6.16

Net Pay per pay period = $326.59

Learn more about computing the net pay at brainly.com/question/15858747

#SPJ1

You might be interested in
Put yourself in the shoes of the lender: why is information on application important
Wittaler [7]
Because if you don’t put anything they won’t hire you
5 0
3 years ago
Read 2 more answers
You own Everything's Coming Up Roses flower shop. Your employee makes 4 deliveries per hour. The distance between the shop and t
qaws [65]
We have 4 deliveries ( 12 1/3 , 8 3/4, 17 2/8 and 23 2/3 miles ) and also the final delivery : 10 5/10 miles = 10 1/2 miles.
We have to add up all the deliveries and to divide the result by 5:
( 12 1/3 + 8 3/4 + 17 1/4 + 23 2/3 + 10 1/2 ) : 5 =
= 72 1/2 : 5 = 72.5 : 5 = 14.5 = 14 1/2
Answer: The average distance for all segments of this trip is 14 1/2 miles. 
4 0
3 years ago
The authors of a paper concluded that more boys than girls listen to music at high volumes. This conclusion was based on data fr
schepotkina [342]

Answer:

Since the calculated value of z= 2.82  does not lie in the critical region  the null hypothesis is accepted and it is concluded that the sample data support the authors' conclusion that the proportion of the country's boys who listen to music at high volume is greater than this proportion for the country's girls.

The value of p is 0 .00233. The result is significant at p < 0.10.

Step-by-step explanation:

1) Let the null and alternate hypothesis be

H0:  μboys − μgirls > 0

against the claim

Ha: μboys − μgirls ≤ 0

2) The significance level is set at 0.01

3) The critical region is z  ≤  ± 1.28

4) The test statistic

Z= p1-p2/ sqrt [pcqc( 1/n1+ 1/n2)]

Here p1= 397/768= 0.5169  and p2= 331/745=0.4429

pc = 397+331/768+745

pc= 0.4811

qc= 1-pc= 1-0.4811=0.5188

5) Calculations

Z= p1-p2/ sqrt [pcqc( 1/n1+ 1/n2)]

z= 0.5169-0.4429/√ 0.4811*0.5188( 1/768+  1/745)

z= 2.82

6) Conclusion

Since the calculated value of z= 2.82  does not lie in the critical region  the null hypothesis is accepted and it is concluded that the sample data support the authors' conclusion that the proportion of the country's boys who listen to music at high volume is greater than this proportion for the country's girls.

7)

The value of p is 0 .00233. The result is significant at p < 0.10.

8 0
2 years ago
the perez family has a rectangle fish tank. How much water will the tank hold if its length is 3 feet, its width is 2 feet, and
myrzilka [38]

V = 3 x 2 x 3 = 18

answer

B) 18 cubic feet

7 0
3 years ago
Cuantos lados tiene un polígono regular si su ángulo central mide 24 grados
jeka94

Answer:

D

Step-by-step explanation:

4 0
2 years ago
Other questions:
  • How many seconds are there in 3/4 of a minute?
    6·2 answers
  • HELPPPP me this shyt annoying me lol
    10·1 answer
  • Solve the given inequality and graph the solution on a number line -x/2 + 3/2 &lt; 5/2
    11·1 answer
  • Can someone show me how to work out the problem 18.88 ÷ 1.6
    5·1 answer
  • Question 1
    11·1 answer
  • NEED HELP ASAP!!!!!!!!
    12·1 answer
  • Find the interquartile range of the data.
    7·1 answer
  • Explain the pythagorean theorem, please and thank youu :)
    13·2 answers
  • Can someone please answer these 4 questions they don’t look hard- but I just need to understand please!! (If you can provide the
    5·2 answers
  • I will give u brainlist
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!