Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 44; federal income tax withheld, $310; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson?

Q: Calculate Payroll An employee earns $20 per hour and 1.5 times that rate for all hours in excess of…

A: GIVEN DATA     An employee earns $20 per hour and 1.5 times that rate for a hours in excess of 40…

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: Dan Smith receives an hourly wage rate of $30. If Dan worked 48 hours for the current week and the…

A: The answer for the multiple choice question and the relevant working is given hereunder :

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A: Given: Hourly rate = $30 Federal income tax = $48 Social security tax = 6% Medicare = 1.5% For over…

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A: Formula used : Number of Excess hours worked = Total hours worked - Weekly working hours

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Q: An employee earns $20 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

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

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A:

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A: Payroll taxes are taxes imposed on employers or employees and are usually calculated as a percentage…

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A: The answer is $44.60.

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: An employee receives an hourly rate wage of $24, with time and a half for All hours worked in excess…

A: In this case, we have to deduct all the withheld income tax, Social Security tax & Medicare tax…

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

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A: Compute gross pay of Martin Jackson as shown below:

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

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: 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:…

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

Q: Thomas Martin receives an hourly wage rate of $17, with time-and-a-half pay for all hours worked in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

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: Calculate payroll An employee earns $30 per hour and 1.5 times that rate for all hours in excess of…

A: The calculation of gross pay has been made as follows: Gross pay =Regular pay + Overtime pay…

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…

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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: 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: For all payroll calculations, use the following tax rates and round amounts to the nearest cent:…

A: 1) Computation of gross pay for working of 58 hours during the first week of February :- Gross pay =…

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

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

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A: Based on the given information, Excess hours worked = 44-40 = 4 hours Normal wage rate for hours…

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: Martin Jackson receives an hourly wage rate of $17, with time and a half for all hours worked in…

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A: When a company records the compensation of its employees, such type of accounting is known as…

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: Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding…

A:

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…

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

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

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A: Gross pay= Hours worked during week * wage rate + extra hours worked* Higher wage rate…

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A: Gross pay is the amount of pay which includes the normal pay plus the payment of overtime.  Given,…

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

Q: For all payroll calculations, use the following tax rates and round amounts to the nearest cent…

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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…

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: 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