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7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of S 10 and receives double pay for hours worked in excess of 40, determines: 7.1 Gross income 7.2 7% income tax 6.20% contribution to Social Security 7.3 7.4 1.45% contribution to health care 7.5 Net income For this same situation, determine the employer's payroll contribution 7.6 6.20% contribution to Social Security 7.7 1.45% contribution to health care 4.40% state unemployment 7.8 7.9 0.60% federal unemployment 7.10 0.60% Temporary disability insurance Total employer contribution 7.11

7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of S 10 and receives double pay for hours worked in excess of 40, determines: 7.1 Gross income 7.2 7% income tax 6.20% contribution to Social Security 7.3 7.4 1.45% contribution to health care 7.5 Net income For this same situation, determine the employer's payroll contribution 7.6 6.20% contribution to Social Security 7.7 1.45% contribution to health care 4.40% state unemployment 7.8 7.9 0.60% federal unemployment 7.10 0.60% Temporary disability insurance Total employer contribution 7.11

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 2MC
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7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of S 10 and receives double pay for hours worked in excess of 40, determines: 7.1 Gross income 7.2 7% income tax 6.20% contribution to Social Security 7.3 7.4 1.45% contribution to health care 7.5 Net income For this same situation, determine the employer's payroll contribution 7.6 6.20% contribution to Social Security 7.7 1.45% contribution to health care 4.40% state unemployment 7.8 7.9 0.60% federal unemployment 7.10 0.60% Temporary disability insurance Total employer contribution 7.11
Transcribed Image Text:7. Since an employee works 43 hours in a regular week of 40, with an hourly wage of S 10 and receives double pay for hours worked in excess of 40, determines: 7.1 Gross income 7.2 7% income tax 6.20% contribution to Social Security 7.3 7.4 1.45% contribution to health care 7.5 Net income For this same situation, determine the employer's payroll contribution 7.6 6.20% contribution to Social Security 7.7 1.45% contribution to health care 4.40% state unemployment 7.8 7.9 0.60% federal unemployment 7.10 0.60% Temporary disability insurance Total employer contribution 7.11
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