February 22, 2017

Homework Help: Accounting

Posted by Marissa on Tuesday, April 15, 2014 at 9:55pm.

During the week ended May 15, 2013, Scott Fairchild worked 40 hours. His regular hourly rate is $31. Assume that his earnings are subject to social security tax at a rate of 6.20 percent and Medicare tax at a rate of 1.45 percent. He also has deductions of $48 for federal income tax and $38 for health insurance.

What is his gross pay for the week?

What is the total of his deductions for the week?

What is his net pay for the week?

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