FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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An employee works 48 hours in a week for a salary exempt of $1,925 per week. How much is this employee's weekly gross salary?

 

 

An employee earns $17 an hour. Determines gross income if you work 49 hours (receives double time for overtime over 40 hours).

 

 

An employee checks boxes in a cardboard factory. Receive $0.18 for each checked box.  If you check 1,450 boxes on an average day, it determines weekly gross income (considering a five-day week).

 

 

A restaurant supply seller works for a 7% commission. If the total sales for the week were $18,500, determine the gross income for this seller.

 

 

Determines Social Security contribution (6.2%) and the contribution of health care (1.45%) for an employee with a gross income of $735. Round up the nearest penny.

 

 

An employee has net income of $890 and total deductions of $265, determining gross income.

 

 

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