Homework Help: payroll

Posted by jim on Sunday, July 1, 2012 at 8:27pm.

An employee's rate of pay is $40.00 per hour, with time and a half for all hours worked in excess of 40 during a week. The following data are available:

Allowances claimed on W-4 4
Allowance amount allowed:$70 ea.
Hours worked this week 50
Y T D Earnings prior 105,200
F I T Withheld $ ??
Social Security tax was withheld @ the rate of 6.2% on the 1st $ 106,400
Medicare tax was withheld @ the rate of 1.45 %

No one has answered this question yet.

Answer this Question

Related Questions

Accouting - Please can you show me how to do it. An employee receives an hourly ...
accounting - An employee earns $40 per hour and 1.75 times that rate for all ...
MATH - Could someone please double check me...
accounting - An employee earns $40 per hour and 1.75 times that rate for all ...
?? - why do you times 8.6x1.5x8? where does the 8 come from? You said the ...
programming - Week 3 - Expand Pseudo Code The accounting office indicated the ...
Programming with Eclipse - Design, implement, test, and debug an application to ...
Consumer/Bus Math Sem 1 (Standard) - Pat worked 43 hours and received $7.25 per...
math - what does over time and time in a half mean? Employees who earn an hourly...
S.A.T Math - I do not understand This: Employee x is paid $12.50 an hour for the...

For Further Reading

First Name:
School Subject:
Answer: