An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax of $506 was withheld. a.  Determine the gross pay for the week. $fill in the blank 1 b.  Determine the net pay for the

Q: An appliance company has three installers. Larry earns $395 per week, Curly earns $440 per week, and…

A: (a) calculate SUTA and FUTA tax (in $) does the company owe for the first quarter of the year and…

Q: An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of…

A: Gross earnings = Regular earnings + Overtime earnings = (40 hours x $15 per hour) + (6 hours x $15…

Q: An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40…

A: Hey, since there are multiple questions posted, we will answer first three question. If you want any…

Q: The balance in the prepaid rent account before adjustment at the end of the year is $12,000, which…

A: Assets has debit balance and liabilities has credit balance. To increase Assets one should debit the…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Lets understand the basics. Net amount paid is a gross salary less deductions made.  Gross salary is…

Q: An appliance company has three installers. Larry earns $345 per week, Curly earns $480 per week, and…

A: FUTA: FUTA means the "Federal Unemployment Tax Act" which provides for the levy of tax on the wages…

Q: . This is the first payroll of the year and the employee has no cumulative earnings for the year to…

A: Calculation of Gross earnings :   Normal earnings $1,800.00 Bonus earnings $540.00 Gross earnings…

Q: Gross Pay

A: Gross Pay is the total amount of earnings of the employee.

Q: Tavella Company’s first weekly pay period of the year ends on January 8. On that date, Tavella’s…

A: Every transaction should be recorded in the books of accounts in the form of Journal entry. Each…

Q: An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of…

A: Salaries expense is the addition of regular and overtime earnings and then various deductions are…

Q: Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128,400 paid to…

A: Company must pay two-thirds of the $60 per employee weekly health insurance; each employee pays the…

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: During one week ended May 8, 2016, Arnold Hanover worked 40 hours. His regular hourly rate is $15.…

A: Payroll deductions are deductions from the gross pay of the employees. Then after reducing…

Q: An employee earns $44 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A:

Q: An appliance company has three installers. Larry earns $345 per week, Curly earns $470 per week, and…

A: Wages are the earnings earned by the factory workers of a corporation. Wages are treated as a direct…

Q: Accountants Plus has a 5 day work week (Monday through Friday) and pays its employees every other…

A: Salary means the award an employee gets from employer for working in its business enterprises. Any…

Q: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The following calculations are done to evaluate the net pay of the employee after deducting all…

Q: An employee earns $32 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Gross pay: It is an income calculated by multiplying the total hours worked with the basic hourly…

Q: An employee receives an hourly rate of $23.00, with time and a half for all hours worked in excess…

A: After withholdings have also been deducted from an employee's gross wage, net compensation is the…

Q: An employee is paidba salary of $11,050 per month. If the current FICA rate is 6.2% on the first…

A: Medicare tax: Medicare tax can be defined as the amount of tax that is withheld by the employer form…

Q: An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: Payroll accounting involves records of calculation, recording and analysis of employees compensation…

Q: An employee receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: The net amount payable to the employee is the amount paid net of taxes. It is calculated as follows:…

Q: An employee receives an hourly rate of $22, with time and a half for all hours worked in excess of…

A: The entire amount of fixed earnings earned during a specific time period is referred to as a…

Q: An employee receives an hourly rate of $17, with time and a half for all hours worked in excess of…

A: Gross pay = ($17 x 40 hours+ $17*1.5 x 9 hours) = $909.50

Q: An employee receives an hourly wage rate of $25, with time and a half for all hours worked in excess…

A: Given that , Hourly wage rate = 25 per hr  hours to be worked = 40 hrs Actual hours worked = 42 hrs…

Q: An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: Requirement a:Calculate the gross pay for the week.

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A: Earnings subject to tax = Wages base - year-to-date earnings = $118,500 - $115,400 = $3,100

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: An employee who works on an hourly basis is paid the wages at the hourly rate determined by 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: An employee earns $22 per hour and 2 times that rate for all hours in excess of 40 hours per week.…

A: Gross pay: Gross pay is a payment made to an employee for completion of work allocated by the…

Q: An employee receives an hourly rate of 15 with time and a half for all fours worked in excess of…

A: Federal and State governments levy several payroll taxes. The federal income tax and employee…

Q: Using the information above, what amount is the check, netof all deductions, that Gabe received for…

A: Solution:- Given, During the first week of February, Gabe Hopen earned $300. The FICA taxes are…

Q: An appliance company has three installers. Larry earns $375 per week, Curly earns $490 per week, and…

A: FUTA stands for “Federal Unemployment tax Act” and SUTA stands for “State Unemployment tax Act.”…

Q: Zolnick Enterprises has two hourly employees-Kelly and Jon. Both employees earn overtime at the rate…

A: Bonus rate for Kelly = $22 x 1.5 times = $33 Bonus rate for Jon = $27 x 1.5 times = $40.5

Q: During the first week of January, an employee works 45 hours. For this company, workers earn 150% of…

A: Net Pay=Gross pay-Deductions

Q: Harry Santana manages a Frosty Boy drive-in. His straight-time pay is $19 per hour, with…

A: Formula: Net Pay = Gross pay - all deductions Deductions are taken out from gross pay derives the…

Q: An employee earns $36 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Regular earnings = (40 hours x $36 per hour) = $1,440Overtime earnings = (60 hours - 40 hours) x $36…

Q: An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Social security tax = Gross pay for the week x Social security tax  rate = 2200*6% = $132 Medicare…

Q: An employee earns $1,500 a week and the deductions from that amount for her contributions to EI,…

A: Solution:- Calculation of the company record as salary expense for that week as follows:-…

Q: Dixon Sales has five sales employees that receive weekly paychecks. Each earns $10 per hour and each…

A: Formula: Federal income tax = Sales wages expenses x Federal income tax rate State income tax =…

Q: An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Gross pay = Regular pay + OvertimeNet pay = Gross pay - Federal taxes withheld - Taxes payable

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A:

Q: An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per…

A: Gross Pay = Regular Pay + Overtime Pay  Net Pay = Gross Pay – FICA Tax – Federal Income Tax

Q: An employee receives an hourly wage rate of $21, with time and a half for all hours worked in excess…

A: Hours worked =45 HOURLY rate=21 For 40 hours  HOURLY rate=10.5 for overtime  social security tax =6%…

Q: Alfred Spindle earned gross wages of $1,600 for the week ended June 21, 20XL. His gross wages year…

A: Solution:- Given, Alfred Spindle earned gross wages = $1,600 for the week ended June 21, 20X1.…

Q: Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all…

A: Working:

Q: Sandra Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in…

A: Gross pay= (regular hours worked *regular rate)+(Overtime hours*Overtime rate) Net pay= Gross Pay-…

Q: Thomas Martin receives an hourly wage rate of $21, with time-and-a-half pay for all hours worked in…

A: Gross pay = Regular pay + Overtime pay