Months gross  earnings  for the week were $1450, his federal  income  tax  withholding  was $318 and his fisca total $111 there were no state income  tax  what was money's net pay for the  week

Q: Wolfpack Inc., a calendar year-end company, pays its employees on the last day of the month for work…

A: If a business has employees, it has to record for payroll. Payroll is the aggregate expenditure on…

Q: Matty Kim, an accountant for Vernitron, earned $120,900 from January to June. Matty earned $20,000.…

A:

Q: Simon Cowell's weekly gross earnings for the week ending Dec. 7th were $2,500, and his federal…

A: Formula: Social security tax amount = Gross earnings x social security tax rate. Medicare tax amount…

Q: The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $560,000:…

A: As per the honor code, We’ll answer the first question and 3 subparts since the exact one wasn’t…

Q: Tam Worldly’s weekly gross earnings for the week ended April 22 were $2,000, and her federal income…

A: Gross pay: The total amount such as salary, wages, commissions, overtime and bonus paid by the…

Q: In January, gross earnings in Sheridan Company were $78,000. The 7.65% FICA tax rate consists of the…

A: FICA : It is a mandatory payroll tax and it includes Medicare tax and social security tax.

Q: Tim's gross pay for this month is​ $8,850. His gross year−to−date ​pay, prior to this​ month,…

A: FICA contributions are mandatory, with rates set annually—although not necessarily changed annually.…

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: Employee Net Pay Lindsey Vater’s weekly gross earnings for the week ended March 9 were $800, and…

A: Gross pay is the total wages or salary earned by an employee during an accounting period. Net pay is…

Q: Anthony Noll’s gross earnings for the week were $3,000, his federal income tax withholding was $540,…

A: The Federal Insurance Contribution Act is a law made by U.S. government where employees and…

Q: Monty's  gross earnings  for the week  were $1450, his federal  income tax withholding  was $318 and…

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

Q: Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612,…

A: Introduction: Net pay: Deduction of Federal income tax withholding and FICA from Gross earnings…

Q: Blake Green's weekly gross earnings for the week ending December 7 were $2,500, and her federal…

A: An employee's net pay is his or her salary after all deductions have been made. Obligatory…

Q: What was Pina Colada’s net pay for the week?  Journalize the entry for the recording of his pay in…

A: Given information is: Pina Colada's gross earnings for the week were $1,650, his federal income tax…

Q: Kenneth Friedman's weekly gross earnings for the week ending March 9 were $3,840, and her federal…

A: Taxation refers to the imposition of compulsory financial obligations by the government on…

Q: What was Noll’s net pay for the week? Net pay   $enter Net pay in dollars    eTextbook and Media…

A: Payroll accounting:   The process of payroll accounting includes the computation and payment of…

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

A:

Q: Wolfpack Inc., a calendar year-end company, pays its employees on the last day of the month for work…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: How much is the input tax?              How much is the value added tax payable?

A: VAT is Value Added Tax paid during purchases & collected while making sales the difference to be…

Q: Maxwell Friedman's weekly gross earnings for the week ending March 9 were $860, and her federal…

A: Social Security tax = Gross earnings  x Social Security tax rate = $860*6% = $51.60  Medicare tax  =…

Q: Kenneth Friedman's weekly gross earnings for the week ending March 9 were $3,840, and her federal…

A: Formula: Social security tax amount = Gross earnings x Social security tax rate

Q: Stan Stately's weekly gross earnings for the week ended April 22 were $2.400. and his federal income…

A: Social Security tax = Gross Pay x Social Security tax rate= $2400*6.00%= $144 Medicare tax  = Gross…

Q: Dish Pan Company has 4 employees.  Information about the third week in November payroll…

A: (a). Payroll Register:                           Hrs worked Hourly rate Ann Earn prior…

Q: Precision Labs has two employees. The following information was taken from its individual earnings…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: A paving company has 24 employees  15 with gross earnings of 355 per week 9 with gross earnings of…

A: Social security and medicare tax are considered as payroll tax expenses which is calculated on the…

Q: paid on beginning inventory 4,800 16. How much is the input tax? 17. How much is the value added tax…

A: VAT is the short term Value Added Tax, which is a form of consumption tax collected incrementally…

Q: Kenneth Noll’s gross earnings for the week were $2,600, his federal income tax withholding was $468,…

A: 1.Determine the net pay.

Q: The summary of the payroll for the monthly pay period ending July 15 indicated the following:…

A: State Unemployment Tax Payable = Salaries Expense x state unemployment tax rate = 30000*3.1% = $930…

Q: John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA…

A: FICA (Federal insurance contributions act) is the deduction of some percentage out of the gross…

Q: Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal…

A: Formula: Net pay = Gross pay - All deductions

Q: Novak's gross earnings for the week were $2,150, his federal income tax withholding was $346, and…

A: Introduction Federal income tax: Federal income tax is the tax withheld by employer that employee is…

Q: Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal…

A: Formula: Social security tax amount = Gross pay x Social security tax rate

Q: The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $380,000;…

A: The question is based on the concept of Financial Accounting.

Q: a Charger pays its employees $4,000 every Friday for a 5-day work week. This year December 31 tals…

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

Q: Jason's gross pay for the week is $1,900. His yearly pay is under the limit for OASDI. Assume that…

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

Q: Monty's gross earnings  for the week were $1450, his federal income  tax  withholding  was $318,and…

A: Monty's gross earning per week = $1450 Total gross income per month = $1450 x 4 weeks…

Q: Precision Labs has two employees. The following information was taken from its individual earnings…

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

Q: Maxwell Washington's weekly gross earnings for the week ending March 9 were $900, and her federal…

A: Social security tax = gross earnings x social security tax rate  = $900 x 6% = $54 Medicare tax =…

Q: Precision Labs has two employees. The following information was taken from its individual earnings…

A: Journal entries are passed to record each and every transaction occurred in the business. In that…

Q: In January, gross earnings in Coronado Company were $36,000. The 7.65% FICA tax rate consists of the…

A: Payroll tax is defined as the percentage that is withheld from the pay of the employee through…

Q: At 1 December 20X5, Laurel owes the sales tax authorities $23,778. During the month of December, she…

A: Sales tax is charged on the sales revenue. It is a consumption-based tax imposed by the government.…

Q: Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612,…

A: Employment taxes are the taxes that the employer pays to the government on behalf of their business…

Q: The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $380,000;…

A: The question is based on the concept of Financial Accounting.

Q: In January, gross earnings in Swifty Company were $42,000. The 7.65% FICA tax rate consists of the…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = 42000*6.20% =…

Q: Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal…

A: Formula: Social security tax rate amount = Gross Earnings x Social security tax rate