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andrey2020 [161]
3 years ago
11

Thomas Martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week

. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $318; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin
Business
1 answer:
baherus [9]3 years ago
5 0

<u>Answer:</u> $735

<u>Explanation:</u>

Calculation of regular earnings

Earnings at regular rate= Wage rate per hour x hours of work

= (15 x 40)

=$600

Calculation of additional hours income

Earnings at overtime rate=( 6(15 x 1.5))

=$135

Total gross pay = 600+135

=$735

The gross pay for martin is $735. The other deductions are made in the gross pay to arrive at the net pay. Deductions such as federal income tax, security tax rate and medicare tax rate is deducted from gross pay to find net pay.

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When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles
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Answer:

b. He is actively engaged in your interview.

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An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
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Answer:

$6,000

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3 years ago
Cash to Monthly Cash Expenses Ratio Capstone Turbine Corporation produces and sells turbine generators for such applications as
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a) $1,918.17

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b) To find the ratio of cash to monthly cash expenses, we have:

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