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miskamm [114]
3 years ago
14

Hank earns $ 23.50 per hour with time-and-a-half for hours in excess of 40 per week. He worked 43 hours at his job during the fi

rst week of March 2018. Hank pays income taxes at 15​% and 7.65​% for OASDI and Medicare. All of his income is taxable under FICA. Determine​ Hank's net pay for the week.​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ cent.)
Business
1 answer:
Serga [27]3 years ago
4 0

Answer:

$746.77

Explanation:

Calculation to Determine​ Hank's net pay for the week

Gross Pay $1320.00

Straight Time Pay 940.00

(40 × $23.50.)

Overtime pay 105.75

[ (43-40)× $23.50 ×1.5)]

Less Federal Income tax (198.00)

(15% × $1320.00)

Less OASDI and Medicare (100.98)

(7.65% × $1320.00)

Net Pay $746.77

Therefore Hank's net pay for the week will be $746.77

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Answer:

Instructions are listed below.

Explanation:

<u>Looking on the internet I found the necessary information to solve this problem:</u>

Giving the following information:

Units= 16,000

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Indirect material= 1 (part of overhead)

variable overhead= 2

B. Units= 18,000

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C. Units=  21,000

Total variable cost= unitary cost* number of units

TVC= 24*21,000= $504,000

D. Units= 11,000

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Overhead= variable overhead + fixed overhead

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F. Units= 23,000

Total overhead= 3*23,000 + 80,000= $149,000

G. Units= 19,000

Unitary overhead= total overhead/ number of units

Unitary overhead= 3 + (80,000/19,000)= $7.21

H. Units= 25,000

Unitary overhead= 3 + (80,000/25,000)= $6.2

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Who know this credibly sorce <br> google news <br> 100 points included
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Answer:

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Explanation:

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