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Harlamova29_29 [7]
3 years ago
15

Mr. Zee worked 48 hours during the week ended January 18, 2019. He is paid $12 per hour and is paid time and a half for all hour

s over 40 in a week. He had $100 withheld from his pay for federal income taxes and $20 withheld for health insurance. The combined social security and Medicare tax rate is 7.65%, and the federal and state unemployment tax rates are 0.6% and 3.8%, respectively. All earnings are taxable. What is the net pay for Mr. Zee’s current paycheck?
Business
1 answer:
lapo4ka [179]3 years ago
8 0

Answer:

=$524.81

Explanation:

Net pay = Earning -taxation

Calculating net pay: hour pay x hours worked

 = $12 x 40

 = $ 480

overtime pay =12 +(50/100x12)x 8

  =(12+6)x8

  =144

total earnings = $144+$ 480= $624

less deduction

social and medicare rate = 7.65 percent

federal and state unemployment rate =0.6 +3.8%

total deduction = 7.65 +O.6 + 3.8= 12.05 %

Actual deduction =12.05/100 x 624= 75.19

Net pay = $624- $75.19

 =$524.81

   

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Alan and Desmond have set up a law business in a high–priced office. Which type of business do they have?
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3 years ago
Read 2 more answers
Sunny Co has a debt-to-equity ratio of 1.00, compared to the industry average of 0.80. Its competitor Carter Co., however, has a
ankoles [38]

Answer:

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Since the industry average debt-to-equity ratio is 0.80 and the two companies have debt-to-equity ratios of 1.00 and 1.50 respectively, they are both over the average.

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8 0
3 years ago
Using the firm's volume- based costing, applied factory overhead per unit for the Great P model is (rounded to the nearest cent)
Marysya12 [62]

Answer:

$45.99

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Calculation for the applied factory overhead per unit for the Great P model

First step is to Calculate the total direct labour cost of High F and Great P

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Great P $210,240

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2 years ago
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