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
jasenka [17]
3 years ago
10

An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 50 h

ours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee’s federal income tax withheld is $304.
a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.
b. Determine the net pay for the week.
Business
1 answer:
Anettt [7]3 years ago
3 0

Answer:

a. Gross pay = $1,320

b. Net pay = $917

Explanation:

a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.

Pay for 40 hours = 40 * $24 = $960

Pay for excess of 50 hours = (50 - 40) * $24 * 1.5 = $360

Gross pay = $960 + $360 = $1,320

b. Determine the net pay for the week.

Net pay = $1,320 - ($1,320 * 6.0%) - ($1,320 * 1.5%) - $304 = $917.

You might be interested in
A disadvantage of the corporate form of business ownership is that:
Roman55 [17]

Answer:

b) most shareholders have little direct control over how the company is managed.

4 0
3 years ago
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical.
galina1969 [7]
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical --- this statement is FALSE. Deception is never legal nor ethical. Especially in this case where a man deceived a woman for his personal gain. This may be acquitted in some courts but normally this is not acceptable. 
4 0
3 years ago
When practicing entrepreneurship, starting with means at hand involves ______. a.using your available resources to fund your ven
lord [1]

When practicing entrepreneurship, starting with means at hand involves analyzing who you are.

<h3>What is entrepreneurship?</h3>

entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.

Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.

Learn more about entrepreneurship at;

brainly.com/question/22477690

#SPJ1

3 0
2 years ago
Why is perceptiveness an important trait to have as an entrepreneur??????
Sergeeva-Olga [200]
It is important trait to have as an entrepreneur, because you have to have different perceptive's of the type of people you are selling to. As in you just can't have one persons point of view.
7 0
3 years ago
A payday loan company charges 6.00 percent interest for a two-week period. What is the annual interest rate? (Do not round inter
Mashcka [7]

Answer:

The annual interest rate is 156  percent

Explanation:

If   6.00 percent interest for a two-week period then annual interest rate =

rate for a two-week period * (52 weeks/ 2 weeks)  = 0,06 * 26 = 1,56

1,56 * 100 =  156  percent for a year period

<u>Note</u>: One year have 52 weeks

8 0
3 years ago
Other questions:
  • Which of the following tips can hurt your cash flow
    13·1 answer
  • Which of the following best defines the General Electric fastworks approach
    15·1 answer
  • "a british study involving more than 11,000 participants indicated that brain-training activities over a period of six weeks ___
    14·1 answer
  • Carson company on july 15 sells merchandise on account to tayler co. for $2,000, terms 2/10, n/30. on july 20 tayler co. returns
    13·1 answer
  • Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590​ Variable cost p
    14·1 answer
  • National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National pays Ov
    6·1 answer
  • Gelb Company currently manufactures 40,000 units per year of a key component for its manufacturing process. Variable costs are $
    11·1 answer
  • Question 2
    7·1 answer
  • What's the present value of $1,375 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?
    7·1 answer
  • Whilst you have been away on annual leave the Principal of the agency has exchanged contracts to personally purchase one of your
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!