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
Eva8 [605]
3 years ago
12

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 employee wo

rked 60 hours during the week, and that the gross pay prior to the current week totaled $63,800. 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 $708.
Business
1 answer:
Paha777 [63]3 years ago
8 0

Answer:

1.$2,960.00

2.$2,030.00

Explanation:

(1)Regular pay (40 hrs. × $44) $1,760.00

Overtime pay (20 hrs. × $60)1,200.00

Gross pay $2,960.00

(2)

Gross pay$ 2,960.00

Less:Social security tax (6.0% ×$2,960) $177.6

Medicare tax (1.5% × $2,960) $44.4

Federal withholding $708.00

Net pay $2,030.00

You might be interested in
Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Category
Marysya12 [62]
The answer is $91,500.
Working:
Total expenses per year = 18900+7650+1475+2350 = $30,375
Expenses less of grant per year = $30,375- 7500= $22,875 (this represents his annual expenditure on college with the grant)
To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.
5 0
3 years ago
Read 2 more answers
Select the correct answer.
vovangra [49]
D. Graphic designer is the answer
7 0
3 years ago
During 2009, Accent Toys Plc., which began business in October of that year, purchased 15,000 units of a toy at cost of $10 per
telo118 [61]

Answer:

$183,000

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Number of units purchased × per unit + additional units purchased × per unit

= 15,000 units × $10 + 3,000 units × $11

= $150,000 + $33,000

= $183,000

Since there are 18,000 units are sold

out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered    

5 0
3 years ago
A bond is being issued to build a toll road. It has been identified that the state does not own all of the property that the roa
poizon [28]

Answer: Prospectus

Explanation: When companies requires partners usually in other to raise funds required to finance a project, this is usually done through the sale of shares or bond offering. In other to achieve this, cm the company issues a prospectus which could be termed as a formal invitation used to present such offer to the public. The prospectus offered will contain comprehensive details of the terms and project upon which the public have been invited to Invest into without any ambiguity or false statements.

Therefore, it will most likely be stated in the prospectus if the the property upon which the road is to be constructed does not all belong to the government. This is required in other to get prospective buyers informed and prepared.

7 0
3 years ago
Which career would organize,train and support teachers and educational workers to help them provide better instruction?
Sonbull [250]
Instructional coordinator 
7 0
3 years ago
Read 2 more answers
Other questions:
  • A customer purchased an item on credit which journal entry should be made to record this purchase?Journal EntriesAccounts Receiv
    14·1 answer
  • Capital budgeting includes the evaluation of which of the following?A. Size of future cash flows onlyB. Size and timing of futur
    13·1 answer
  • A salesperson possessing product knowledge that meets or exceeds customer expectations​ ________.
    10·1 answer
  • A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one
    12·1 answer
  • Stocks A and B have the following historical returns: Year Stock A's Returns, rA Stock B's Returns, rB 2014 (19.80 %) (16.10 %)
    9·1 answer
  • A year after she assisted Thomas Engineering in making changes to an employee incentive plan, Kara, an OD consultant, is visitin
    11·1 answer
  • Which statement is false?A. Using a single plantwide overhead allocation rate is the simplest method of allocating overhead cost
    15·1 answer
  • On which of the following dates is a public entity required to measure the cost of employee services in exchange for an award of
    5·1 answer
  • Which of the following tasks is not required when using a two-stage activity-based costing model?A. Determining the cost per uni
    14·1 answer
  • What does net operating profit after taxes plus depreciation measure?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!