3) Name: Hubert, Olga Hours: 40 weekly Hourly rate: $16.24 Single, claims 1 State tax rate = 3%
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A: Formula: Net Amount = Gross Amount - All deductions.
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A: Regular pay refers to the base salary or hourly wage that an employee earns for working their…
Q: What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Earns: $36,940…
A: income tax is the tax to the government of the state or the center on the income earned by the…
Q: ross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $9…
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A: Given: Hourly rate = $30 Federal income tax = $48 Social security tax = 6% Medicare = 1.5% For over…
Q: Dan Smith receives an hourly wage rate of $30 if Dan worked 40 hours for the current week and the…
A: Total wages = hourly wage rate x no. of hours worked = $30 x 40 hours = $1200
Q: 6. Travis Jamison earns $42,500 annually as a new staff attorney. He is single. The state tax rate…
A: State income tax is the tax which is charged by the government on the taxable income earned by the…
Q: Marilyn earns $1,400.00 bi-weekly. She has a bi-weekly taxable car allowance of $70.00 and a…
A: Marilyn earns = $1400.00 per bi weekly Total earnings per year = Bi weekly income x total weeks/2…
Q: Hobby Hut has three employees. Find the amount subject FUTA and the amount of the FUTA for this pay…
A: >FUTA stands for Federal Unemployment Tax Act. It is an act that imposes a payroll tax on…
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A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…
Q: An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Hours worked = 55 Normal hourly rate = $ 20 Overtime rate = $ 20*1.5 = $ 30 Normal weekly hours =…
Q: Susan Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…
A: Total pay to the employee is a total pay less total deduction. We can formulate it as, Gross earning…
Q: 1. Compute for his withholding tax for the month of March given that he had overtimes amounting to…
A: A withholding tax is an amount that an employer withholds from employees’ wages and pays directly…
Q: Lisa Meilo works for Pacific Company, which pays its employees time-and-a-half for all hours worked…
A: Overtime pay: It is a payment that an employee gets when he or she works extra hours as compared to…
Q: Peter works for Company G and gets paid monthly. He made $8,500 throughout the month of January.…
A: Compensation is a monetary or non-monetary payment paid in exchange for services provided. Base…
Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…
A: Formula: Net pay = Gross pay - All deductions.
Q: 8. Antwan Campbell earns $494 per week. He is married and claims 1 child as a dependent. The state…
A: Antwan Campbell Earnings : $494 per week Status : Married State tax rate : 2.25%
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A: The maximum FUTA tax rate is 6% which is applicable on first $7000 gross pay for each employee.
Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: a. Gross pay = Normal pay + Overtime pay = $16*40 + 1.5* $16* (55-40)Gross pay = $640 + $560 Gross…
Q: 6. Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess…
A: Formula: Excess hours = Total hours - Normal hours
Q: Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's…
A: As per IRS, the maximum FUTA tax rate = 6% It is applicable on first $7000 of gross wages of each…
Q: 7. You are the marketing manager for Pointer Plumbing. You are earning an annual salary of $41,600.…
A: With holding allowances: It is an exemption and reduces income tax liability of an employee
Q: Paula Ryan pays her two employees $410 and $650 per week. Assume a state unemployment rate of 5.4%…
A: Introduction:- A tax is a governmental organization's mandatory financial charge or other type of…
Q: 1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of…
A: Take home pay in corporate terms is mentioned as "Net Pay"which an salaried person receives after…
Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Solution:- a) Calculation of the gross pay for the week as follows:-
Q: gross
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Q: Portia Grant is an employee who is paid monthly For the month of January of the current year, she…
A: The answer is stated below:
Q: Holden Simpson manages a Dairy Land drive-in. His straight-time pay is $16 per hour, with…
A: Computation of gross pay 40 * $16 + [(51 - 40hrs) * $16 *1.5] $640 + $264 $904 Computation of Net…
Q: Maggie Vitteta, single, works 30 hours per week at $14.00 an hour. How much is taken out for federal…
A: Here asking about to calculate the Federal Income taxes using the withhold allowance for single tax…
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A: 1. Social Security Deduction = Payment per week ($3,060) x No of weeks in a year (52) x 6.2% =…
Q: tion. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from…
A: Gross earnings is the income earned by an employee during the pay period which includes regular…
Q: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Gross pay is the payment made to the employees without any tax and net pay is the payment made to…
Q: Thomas Martin receives an hourly wage rate of $15, with time-and-a-half pay for all hours worked in…
A: Gross pay: Gross pay means the salary before the deduction of any taxes, benefits, and other payroll…
Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…
A: Net pay is the amount of compensation that remains available for distribution to an employee after…
Q: 2) Name: Fletcher, Frances Hours: 40 weekly Hourly rate: $18.26 Married, claims 3 State tax rate =…
A: The tax of an individual is calculated on the net income after deduction of Personal allowances, The…
Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Social security tax will be charged on gross pay Medicare tax will be charged on gross pay
Q: John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA…
A: FICA (Federal insurance contributions act) is the deduction of some percentage out of the gross…
Q: Mary’s Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the…
A: Step 1: The computation of taxable earnings are shown below: Note: As per the question, Federal…
Q: Thomas Martin receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in…
A: Gross pay for martin = Regular earning + Overtime earnings
Q: 2: Michael Kolk (single; 3 federal withholding allowances) earned biweekly gross pay of $935. He…
A: Withhold Taxes The purpose of implementing the withhold taxes is the employer can taken certain…
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A: a. Gross pay for the week 1120.00 b. Net pay for the week 778.00 Working Notes:…
Q: Martin Peters earns $6.10 per hour for the first 40 hours each week. He is paid 1 1/2 times regular…
A: FICA( Federation Insurance Contribution Act ): It is a US payroll tax that is mandatory for…
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A: Lets understand the basics. Net amount paid is a gross pay less taxes paid. Gross pay = (Norma hour…
Q: 7. Katie Haddad earns $394 per week. She is married and claims 3 children as dependents. The state…
A: Earning = $394 per week Status : Married and 3 dependents State tax rate : 2%
Q: Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of…
A:
Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…
A: Gross pay for the week = (Normal rate × Normal hours) + (Bonus rate × Additional hours) Net pay for…
Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…
A: Gross pay = Regular pay + Overtime pay Net pay = Gross pay - Federal income taxes withheld -…
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- Avatar annual income: $48,050 Social Security: $2,979.10 Medicare: $696.73 Federal Income Taxes: $6360.48 What is your avatar's net income after you deduct (take out) Social Security, Medicare, and Federal Income Taxes? Please explain how you calculated your answer.Below is a graph of the Robinson's annual expenses. How much will the Robinsons pay in state/local taxes if their gross annual household income is S85,420? a.$3.559.17 b. $8,542.00 C. $20.500.80 d. $29,897.00An individual has taxable general income of £70,000 (before deducting the personal allowance). He also has savings income of £1,000. How much Income Tax will be payable on the savings income? £0 £200 £400 £300
- Calculate net earnings. Gross pay $250.00 Fed Tax $17.88 Social Security Tax $10.71 Medicare tax $3.25Gabriela has the following income for the quarter: a. Professional income,P80,000 b. Income from her business, P30,000 c. Compensation income,P40,000 d. Interest income from bank deposit, P10,000. What amount ofincome will Gabriela report in her quarterly income tax return? P80,000P110,000P120,000P150,000Using the following table, calculate the taxes for an individual with taxable income of $25,800. 10% Up to $9,875 12% $9,876–$40,125 22% $40,126–$85,525 24% $85,526–$163,300 32% $163,301–$207,350 35% $207,351–$518,400 37% Over $518,401
- Consider gross earnings of $86,000. The standard deduction is $12,000 and itemized deduction is $8,000. Social security tax rate is 6.2%; Medicare tax rate is 1.45%. How much is the taxable income (for federal income tax)? Give typing answer with explanation and conclusionUse the table and find the income tax for an income of 279,000Until the time of the examination of its book, the taxpayer failed to withhold 10% withholding tax amounting to 10,000 from the payments of professional fees to vat-registered consultant.
- How are you determining income before income tax answer of $166,000?How much is the gross income under accrual basis? * A. 2019:P1,400,000; 2020: P1,200,000 B. 2019: P1,400,000; 2020: P1,720,000 C. 2019: P500,000; 2020: P720,000 D. 2019: P800,000; 2020: P920,000Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a taxable income of $200,000. 2017 Tax Rate Schedules Schedule X-Single Schedule Z-Head of household If line 5 is: The tax is: of the Íí line 5 is: The tax is: of the junowe Jou In OVerー Ovar- ーノ10 ーBAO ーan0 $0+ 10% S9,325 $0+10% $13,350 9,325 37,950 932.50 + 15% 9,525 13,350 1,335+ 15% 13,350 37,950 5,226.25 + 25% 50,800 131,200 6,952.50+25% 50,800 191,650 16,713.75 + 28% 131,200 212,500 27,052.50 + 28% 131,200 49,816.50 + 33% 117,202.60 + 35% 212,500 416,700 191,650 416,70D 46,643.75 +33% 191,650 212,500. 416,700 416,700 444,550 and greater 416,700 418,400 120,910.25+35% 416,700 418,400 and greater 121,505.25 + 39.6% 418,400 444,550 126,950+39.6% 444,550 Schedule Y-2-Married filing separately Schedule Y-1-Married filing jointly or Qualifying widow(er) of the lf line 5 is: of the amount If line 5 is: The tax is: The tax is: But no! Over- ーノPAQ $9,325 Over- OVerー ーJBA0 $18,650 $0 + 10% $0+10%…