Employee DD earned $43,300 working for an employer in the current year. The current rate for Social Security is 6.2% payable on earnings up to $128,400 maximum per year. The rate for Medicare is 1.45%. The FUTA tax rate is .6% and the SUTA tax rate is 5.4% applied to the first $7,000 of an employee's pay. 1. The employer's total FICA payroll tax for this employee is 2. When the employee remits the total payment to the social Security administration, how much will the payment be?

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net Amount = Gross Amount - All deductions.

Q: An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per…

A: Social security tax: A tax charged for the purpose of funding the social security programs is known…

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A: The employee has earned $ 61700 during the year

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A: Payroll accounting is a part of accounting which is made to record transaction made in the favor of…

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: Big Pine Tree Service has 18 employees, 12 with gross earnings of $350 per week and 6 with gross…

A: Payroll taxes The employer is required to pay a certain percentage to the government on the behalf…

Q: George's Gameroom had two employees with the following earnings information: Gross Earnings for Week…

A: Social security tax is the one which is applicable on the payment of wages.

Q: Thomas Martin receives an hourly wage rate of $20, with time-and-a-half pay for all hours worked in…

A: Normal hours in a week = 40 hours Hours worked = 42 hours Overtime hours = Total hours worked -…

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: The following date for Presco Inc. relate to the payroll for the week ended February 9: Employee…

A: A's overtime=Hours worked-Hours per week=52-40=12 hours

Q: An employee earned $44,800 during the year working for an employer when the maximum limit for Social…

A: Formula: FICA tax amount = Social security tax + Medicare tax amount

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 receives an hourly wage rate of $23, with time-and-a-half for all hours worked in excess…

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

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: Sadie White receives an hourly rate of $35, with time and a half for all hours worked in excess of…

A: Total wages = (40 hours x hourly rate) + (hours in excess of 40 hours x hourly rate x 1.5) =…

Q: An employee earns $25 per hour and 1.50 times that rate for all hours in excess of 40 hours per…

A: Since we only answer up to 3 sub parts, we'll answer the first 3. Please resubmit the question and…

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A: The FICA tax amount is the sum of 6.2% social security tax and 1.45% Medicare tax on the employee…

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: Dixon Sales has six employees that receive weekly paychecks. Each employee earns $14.00 per hour and…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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: 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: Employee AA is paid monthly. For the month of January, she earned a total of $8,260. The tax for…

A: . Employee AA’s net pay for the month is: $6302.94  explanation :  The computation of net pay is…

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

A: Introduction: Excess hours worked: In general the number of hours to be worked in a week is 40 hours…

Q: The Germaine Corp has 18 employees who all make $9.59 per hour. They all worked 77 hours last…

A: Gross wages (18*77*9.59)        13,291.74 Multiply: Social security tax rate 6.20% Employee…

Q: An employee receives an hourly wage rate of $20, with time and a half for all hours worked in excess…

A: Given, Hourly wage = $20 per hour Wage if work in excess of 40 hours = 1.50 * $20 = $30 per hour…

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…

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A: Net pay is the amount of compensation that remains available for distribution to an employee after…

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 earned $62,500 during the year working for an employer. The FICA tax rate for Social…

A: Step 1 The unemployment taxes (FUTA) of $42 is obtained by multiplying the earnings of $7,000 with…

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

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A: Payroll is the process using which the working hours, and pay rate of the employees of an entity are…

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A: Calculation of Net pay for the month of January is as follows:

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

A: Gross earnings = (40 hours x $25 per hour) + (Hours in excess of 40 hours x $25 per hour x 1.5) =(40…

Q: Carmen Flores’ weekly gross earnings for the week ending Dec. 7th were $3,000, and her federal…

A: Social tax security is a compulsory contribution of employer and employee. It funds the retirement,…

Q: Portia Grant is an employee who is paid monthly. for the month of Jan of the current year, she…

A: Net pay is the net amount  after adjusting  all taxes except  FUTA and SUTA

Q: Thomas Martin receives an hourly wage rate of $14, with time-and-a-half pay for all hours worked in…

A: Given that: Regular hours = 40 hours Hours worked = 42 hours

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 for the week 1120.00   b. Net pay for the week 778.00           Working Notes:…

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

A: Introduction: The sum of an employee's paycheck that is left over after payroll deductions such as…

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A: Introduction: A tax rate is the proportion of income that is taxed on a person or company. The…

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A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

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A: Given that, Earning of employee = $60,700  FICA tax rate for medicare = 1.45% SUTA tax rate = 5.4%…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Lets understand the basics. Net amount paid is a gross pay less taxes paid. Gross pay = (Norma hour…

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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…

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A: Lenders and landlords evaluate an individual's gross income to decide if that person is a worthy…

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: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: FICA tax: It can be defined as the federal payroll tax applied in the U.S.