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
Anit [1.1K]
3 years ago
13

Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a

January pay period, Betsy works 45 hours. Betsy’s federal income tax withholding is $86, and she has no voluntary deductions. Compute Betsy Strand’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%.
Business
1 answer:
melamori03 [73]3 years ago
6 0
<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

  • Betsy Strand’s regular hourly wage rate = $24
  • Betsy Strand’s hourly rate for work in excess of 40 hours = $36
  • Betsy works during a January pay period = 45 hours.
  • Betsy's pay for January period = $24 * 40 + $36 * 5
  • Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

  • Betsy’s federal income tax withholding = $86
  • FICA tax rate  = 7.65%.
  • Betsy’s FICA Taxes Payable = $1,140  * (7.65 / 100)
  • Betsy’s FICA Taxes Payable = $87.21
  • Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
  • Betsy’s net pay for January period = $1,140 - $86 - $87.21
  • Betsy’s net pay for January period = $966.79

Betsy’s net pay for January period is $966.79

You might be interested in
A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

                                                              = 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0
3 years ago
Think about an organizational change that recently affected you. This could be a change at work in which jobs or procedures were
Vesna [10]

<u>Explanation:</u>

One good example is the recent change in the way we learn at school (remote learning). <em>For many students, it was the first time they had to receive instructions from a teacher via videoconferencing.</em>

Many organizations tried to adjust to this new normal, however, most organizations were confused about what training to provide, how long to should they plan for, etc.

Reports say that many teachers found it difficult to adapt to this method of teaching, hence, some were resistant to this change. However, if proper enlightenment were carried out, as well as employing some motivational factors, such resistance to change would have been minimal.

7 0
2 years ago
What is one specific requirement of a negotiable instrument?
Advocard [28]

Answer:

B

Explanation:

4 0
2 years ago
Wire rope rigging equipment slings must have the ability to bend without cracking, withstand abrasive wear, and withstand abuse.
horrorfan [7]
Very true, If it weren't to do this, it would defeat its purpose.
4 0
3 years ago
Read 2 more answers
Match each item with a statement below. 1. Defines roles and responsibilities for information security 2. Too risky for most bus
ValentinkaMS [17]

Answer:

1 and 6,  3 and 4, 8 and 9, 2 and 7

Explanation:

1 and 6: For developing IR policy, roles and responsibilities for informatino security must be clearly defined

3 and 4: a single trainer working with multiple trainees is trainees receiving presentation

8 and 9: An online resource for IR can serve as a training case for staff

2 and 7: an unsual pattern in a system log can be risky for the business

3 0
3 years ago
Read 2 more answers
Other questions:
  • ______ power results from one's specialized information.
    7·1 answer
  • Assume Time Warner shares have a market capitalization of $60 billion. The company is expected to pay a dividend of $0.30 per sh
    13·1 answer
  • Carla Vista Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The company had $6.8 milli
    6·1 answer
  • The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were origina
    11·1 answer
  • The comparative balance sheets for Swifty Company show these changes in noncash current asset accounts: accounts receivable decr
    13·1 answer
  • Fill in the blank. Today most large corporations not only accept the necessity of affirmative action but also find that ________
    9·1 answer
  • Match the different account heads to the two aspects of business.
    15·1 answer
  • The Ascent of Money: Risky Business<br> 1. Why do people buy insurance?
    12·1 answer
  • The rationing function of prices refers to the ability of the competitive forces of supply and demand to establish a price at wh
    5·1 answer
  • Can Eskom raise extra capital for expansion​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!