1. An employee works 43 hours in a week for an exempt salary of $1,827 per week. How much is this employee's gross weekly salary? An employee earns $ 18 per hour. Determine the gross income if you work 46 hours (receive double time for overtime over 40 hours). 2. 3. An employee checks boxes in a cardboard factory. Receive $ 0.15 for each checked box. If you check 1,400 boxes on an average day, determine the gross weekly income (considering a five-day week). 4. A restaurant supply seller works for a 6% commission. If the total sales for the week were $ 18,200, determine the gross income for this seller. 5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%) for an employee with a gross income of $ 515. Round to the nearest penny. 6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross income. 7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of $ 10 and receives double pay for hours worked in excess of 40, determines: Gross income 7.1 7.2 7% income tax 7.3 6.20% contribution to Social Security 1.45% contribution to health care 7.4 7.5 Net income For this same situation, determine the employer's payroll contribution 6.20% contribution to Social Security 7.6 1.45% contribution to health care 7.7 4.40% state unemployment 7.8 0.60% federal unemployment 7.9 7.10 0.60% Temporary disability insurance 7.11 Total employer contribution Part II: Complete the following table with the information provided Medical care Net income Employee with Social Income Tax Gross Other deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income
1. An employee works 43 hours in a week for an exempt salary of $1,827 per week. How much is this employee's gross weekly salary? An employee earns $ 18 per hour. Determine the gross income if you work 46 hours (receive double time for overtime over 40 hours). 2. 3. An employee checks boxes in a cardboard factory. Receive $ 0.15 for each checked box. If you check 1,400 boxes on an average day, determine the gross weekly income (considering a five-day week). 4. A restaurant supply seller works for a 6% commission. If the total sales for the week were $ 18,200, determine the gross income for this seller. 5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%) for an employee with a gross income of $ 515. Round to the nearest penny. 6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross income. 7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of $ 10 and receives double pay for hours worked in excess of 40, determines: Gross income 7.1 7.2 7% income tax 7.3 6.20% contribution to Social Security 1.45% contribution to health care 7.4 7.5 Net income For this same situation, determine the employer's payroll contribution 6.20% contribution to Social Security 7.6 1.45% contribution to health care 7.7 4.40% state unemployment 7.8 0.60% federal unemployment 7.9 7.10 0.60% Temporary disability insurance 7.11 Total employer contribution Part II: Complete the following table with the information provided Medical care Net income Employee with Social Income Tax Gross Other deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 13EB: Marc Associates employs Janet Evanovich at its law firm. Her gross income for June is $7,500....
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Transcribed Image Text:1. An employee works 43 hours in a week for an exempt salary of $1,827 per week. How much
is this employee's gross weekly salary?
An employee earns $ 18 per hour. Determine the gross income if you work 46 hours (receive
double time for overtime over 40 hours).
2.
3. An employee checks boxes in a cardboard factory. Receive $ 0.15 for each checked box. If
you check 1,400 boxes on an average day, determine the gross weekly income (considering
a five-day week).
4. A restaurant supply seller works for a 6% commission. If the total sales for the week were $
18,200, determine the gross income for this seller.
5. Determine the Social Security contribution (6.2%) and the medical care contribution (1.45%)
for an employee with a gross income of $ 515. Round to the nearest penny.
6. An employee has a net income of $ 880 and total deductions of $ 262, determines the gross
income.
7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of $ 10 and
receives double pay for hours worked in excess of 40, determines:
Gross income
7.1
7.2
7% income tax
7.3
6.20% contribution to Social Security
1.45% contribution to health care
7.4
7.5
Net income
For this same situation, determine the employer's payroll contribution
6.20% contribution to Social Security
7.6
1.45% contribution to health care
7.7
4.40% state unemployment
7.8
0.60% federal unemployment
7.9
7.10
0.60% Temporary disability insurance
7.11
Total employer contribution
Transcribed Image Text:Part II: Complete the following table with the information provided
Medical care
Net income
Employee with
Social
Income Tax
Gross
Other
deductions allowed
income
Security
contribution
deductions
Contribution
(1.45%)
(6.20%)
$735
$25
(12%)
Arroyo (0)
$12
Bravo (1)
$675
(11%)
Colón (2)
$895
(10%)
10
-0-
Diaz (3)
$580
$5
(9%)
11
$610
Figueroa (4)
(7%)
12
-0-
Determine:
Social Security Contribution (FICA)
Medical care contribution (Medicare - FICA)
Income Tax
Net income
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