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
azamat
3 years ago
13

Joe makes an hourly salary of $8.10 for 40 regular hours of work. For each hour worked over 40 hours, he is paid at a rate of $1

2.15 per hour. Last week Joe worked 45 hours. He has withholdings of social security tax (6.2%), medicare tax (1.45%), federal tax ($61.12), state tax ($21.03), city tax ($6.01), pension ($4.12), disability insurance ($1.31), medical insurance ($13.05), and dental insurance ($5.46).
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?
e. What is Joe’s net pay for this pay period?
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?
Business
1 answer:
Vladimir79 [104]3 years ago
6 0

Answer:

a. What is Joe’s Medicare tax deduction?

  • $384.75 x 1.45% = $5.58

b. What is Joe’s Social Security deduction?

  • $384.75 x 6.2% = $23.85

c. What is Joe’s Medicare tax deduction?

  • $384.75 x 1.45% = $5.58

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?

  • $13.05 x 52 = $678.60

g. Does Joe receive time-and-a-half, double-time, or triple-time for each hour of overtime?

  • time and a half

Explanation:

total gross salary = (40 x $8.10) + (5 x $12.15) = $384.75

You might be interested in
The part of the formal business plan in which you discuss the industry, business structure, products and services, and how you p
max2010maxim [7]

The executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

The business plan is a formal and written document which outlines the goals of the company, shows tasks to be performed and shows the financial plans to be use to accomplish the outlined goals.

The part of the business plan includes:

  • Executive summary shows the summary of key points in the business plan.
  • Marketing plan shows the promotion and marketing plans of the business.
  • Key management bios shows the planned management structure of the business
  • Financial plan shows the finance plans of the business

Therefore, the executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

Learn more about this here

<em>brainly.com/question/15826771</em>

7 0
2 years ago
So if I ask a question does it take away my points or does it just get points from somewhere else and give it to you guys?? And
stealth61 [152]

yes your right it takes your points but it only gives us 5 to 100 and you but 5 so you only lost five and i got five but if you give brainest i will get 11 more so you should mark brainlest for ex

8 0
3 years ago
Read 2 more answers
Joan is a manager with Steel Works, Inc. Joan would love to beat the budget this year. She believes that revenues for the coming
vredina [299]

The amount of $130,000 in Expenses will be the least likely to be budgeted for while building a budgetary slack.

<h3>What is a budgetary slack?</h3>

This is a special consideration in a budget that seeks to increase the chances of the actual performance being better than the budget.

Joan will likely budget for $110,000 of expenses, $210,000 of revenue and $80,000 of income.

Therefore, the amount of $130,000 in Expenses will be the least likely to be budgeted for

Read more about budgetary slack

<em>brainly.com/question/15327518</em>

6 0
2 years ago
In what way, if any, does social media influence a small company's ability to advertise?
Flura [38]

Answer:

I would have to say that its probably gonna be B

Explanation:

that one seems most likely

6 0
3 years ago
For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inel
Andreas93 [3]

Answer:

Note: While answering this question, there is a confusion as to whether the correct demand equation is p= 157 − x2 as it appears in the question, or p= 157 − x^2 which is suspected to be the correct equation. Whichever the case may be, answers are provided for the two equations. Just confirm from the original question or your teacher which one is correct and pick the relevant answer out of the two following answers:

1. If p= 157 − x2 is the correct equation:

Elasticity of demand = - 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p= 157 − x^2 is the correct equation:

Elasticity of demand = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is also inelastic.

Explanation:

Elasticity of demand is the degree of responsive of quantity demanded of a good to change in its price.

For this question, elasticity of demand can be computed using the formula for calculating the elasticity of demand as follows:

1. If p= 157 − x2 is the correct equation

E = Elasticity of demand = (p / x) * (dx / dp) ............................... (1)

From the question, we have:

p = 157 − x2.

Therefore, we solve for as follows:

x2 = 157 - p

x = (157 - P) / 2

x = 78.5 - 0.5p ....................................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5

Substituting values for dx/dp and x into equation (1), we have:

E = [p / (78.5 - 0.5p)] * (-0.5)

Since p = 20, we have:

E = [20 / (78.5 - (0.5 * 20))] * (-0.5)

E = [20 / (78.5 - 10)] * (-0.5)

E = − 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p = 157 − x^2 is the correct equation

E = (p / x) * (dx / dp) ............................................ (1)

From the question, we have:

p = 157 − x^2.

Therefore, we solve for as follows:

x = 157^(1/2) – p^(1/2)

x = 157^0.5 – p^0.5 ........................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5p^(-0.5) = -0.5/p^0.5

Substituting values for dx/dp and x into equation (1), we have:

E = (p / x) * (dx / dp)

E = [p /  (157^0.5 – p^0.5)] * [ -0.5/p^0.5]

Since p = 20, we have:

E = [20 /  (157^0.5 – 20^0.5)] * [–0.5/20^0.5]

E = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is inelastic.

4 0
3 years ago
Other questions:
  • The three types of mathematical simulation models are
    8·1 answer
  • Leigh has information on how many customers purchase bagels at her coffee shop. With the bagel sales numbers from the past four
    6·2 answers
  • Suppose that you want to construct a 2-year maturity forward loan commencing in 3 years. The face value of each bond is $1,000.
    14·1 answer
  • In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T
    11·1 answer
  • Luke works in an accounting firm that offers services such as tax preparation and external auditing to corporate companies. Luke
    6·1 answer
  • You want to borrow $93,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,850, but no
    10·1 answer
  • Which of the following statements is TRUE? A. The longer you use credit responsibly, the higher your credit score will be. B. Pe
    9·2 answers
  • In Western culture, when you borrow ideas and words from other sources, you must cite them properly. Well-documented data from s
    9·1 answer
  • A company begins operations in Year 1 and offers a one-year warranty on all products sold. Total appliance sales in Year 1 are $
    11·1 answer
  • How does manufacturing create the multiplier effect?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!