Tuesday
March 3, 2015

Homework Help: accounting

Posted by Anonymous on Friday, November 5, 2010 at 8:53pm.

An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate was 6.0% (on earnings up to $100,000), the Medicare tax rate was 1.5%, and federal income tax to be withheld was $714.

a. Determine the gross pay for the week.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - An employee earns $40 per hour and 1.75 times that rate for all ...
help with math! - Evonne earns $10.50 per hour for a 40 hour week. She earns ...
math- help again please - An employee earns $7.00 and hour for the first 35 ...
payroll - An employee's rate of pay is $40.00 per hour, with time and a half for...
S.A.T Math - I do not understand This: Employee x is paid $12.50 an hour for the...
MATH - Could someone please double check me...
programming - Temp Employer wants a program that will allow the company’s clerk ...
Accouting - Please can you show me how to do it. An employee receives an hourly ...
Algebra - Ramiro earns $20 per hour during the week and $30 per hour for ...
Math (Basic) - "A woman earns 10.00 per hour at her job, but if she works more ...

Members