Answer:
a. What is Joe’s Medicare tax deduction?
b. What is Joe’s Social Security deduction?
c. What is Joe’s Medicare tax deduction?
d. Joe’s other deductions are: federal tax 21.03, city tax 4.12, disability insurance 13.05, and dental insurance $5.46.
What are Joe’s total deductions for this pay period?
- $23.85 + $5.58 + $21.03 + $4.12 + $13.05 + $5.46 = $73.09
e. What is Joe’s net pay for this pay period?
- $384.75 - $73.09 = $311.66
f. If Joe pays the same amount for medical insurance each weekly pay period, what is his annual premium?
g. Does Joe receive time-and-a-half, double-time, or triple-time for each hour of overtime?
Explanation:
total gross salary = (40 x $8.10) + (5 x $12.15) = $384.75