Pat Maninen earns a gross salary of $4,100 each week Assume a rate of 62% on S18.500 for Social Security and 145s for Medicare a. What are Pat's first week's deductions for Social Security and Medicare? (Round your answers to the nearest cent) Deductions Social security Medicare 59 45 b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? (Leeve no calls blank - be certain so enter "o" wherever required.) Exempt Non exempt Social security %24 Medicare

Q: Westway Company pays Suzie Chan $3,000 per week. Assume Social Security is 6.2% on $128,400 and…

A: Deductions: When the taxpayer is given some exemption from tax by the government or the concerned…

Q: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…

A: Social security tax The tax imposed on employers and employees of all the organizations or a company…

Q: An employee has year-to- date earnings of $41,050. The employee's gross pay for the next pay period…

A: Federal Insurance Contributions Act tax:   It is a federal payroll contribution that is directed for…

Q: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…

A: Solution- social security tax=$1000*0.62=62$ medicare tax=$1450*.0145=21.025$. calculating from his…

Q: Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he…

A: Formula: Net pay = Gross salary - Social security tax - FICA tax - Tax withheld

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

A: Payroll- Payroll refers to the process of making payments to a company's employees. This process…

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: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

A: Net pay = January Earnings - Federal Income tax withholdings - Social security tax - Medicare tax…

Q: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…

A: Solution Working- Social security tax = 1000*6.2% = 62 Medicare tax = 1000 * 1.45% = 21.025…

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: Todd Hackworth’s weekly gross earnings for the week ending December 18 were $2,000, and his federal…

A: Net pay = Gross pay - Federal income tax withheld - Social security tax withheld - Medicare tax…

Q: 6. Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess…

A: Formula: Excess hours = Total hours - Normal hours

Q: The Federal Insurance Contributions Act (FICA) requires employers to deduct 6.2% for Social Security…

A: given, gross pay =$721.15 annual income = $25240.25 social security tax = 6.2% × gross pay medicare…

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: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution

Q: Giana Balley works for JMK all year and eams a monthly salary of $11,800 There is no overtima,pay…

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 January of the current year, she…

A: The answer is stated below:

Q: Pat Maninen earns a gross salary of $4,000 each week. Assume a rate of 6.2% on $128,400 for Social…

A: Given that: Gross Salary = $4000

Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

A: social security tax= $12950 x0.062=$802.9

Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

A: Calculate social security taxSocial security = Current month earnings * social security tax…

Q: Westway Company pays Suzie Chan $3,060 per week. Assume Social Security is 6.2% on $128,400 and…

A: 1. Social Security Deduction = Payment per week ($3,060) x No of weeks in a year (52) x 6.2% =…

Q: Sue earned $56,000 working for an employer in the current year. The current rate for Social Security…

A: Note: FICA taxes include the social security tax and the Medicare tax. Social Security tax = Gross…

Q: tion. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from…

A: Gross earnings is the income earned by an employee during the pay period which includes regular…

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

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

Q: Baker Green's weekly gross earnings for the week ending December 7 were $1,200, and her federal…

A: Social Security amount = Gross earnings ×social Security rate = $1200× 6% = $72

Q: Westway Company pays Suzie Chan $3,150 per week. Assume Social Security is 6.2% on $128,400 and…

A: Given that: Per week pay = $3150 Social security tax rate = 6.2% Medicare tax rate = 1.45%

Q: Baker Green's weekly gross earnings for the week ending December 7 were $1,800, and her federal…

A: Computation of Social Security amount is as follows: =$1800×6.0%=$108 Computation of Medicare amount…

Q: The monthly salaries for December and the year-to-date earnings as of November 30 for the three…

A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes…

A: A wage bracket year is used by an employer when the calendar year ends. It uses the IRS income tax…

Q: first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from

A: A tax deduction is defined as an item that would be deducted from the taxable income so that the…

Q: Hank earns​ $18.50 per hour with timeandahalf for hours in excess of 40 per week. He worked 44 hours…

A: Hank's net pay for the week is calculated as below:

Q: $8,950.

A: Net pay = Gross pay - deductions It refers to money you make after deductions and expenses have been…

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…

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

Q: her pay. Whiteweiler contributes $50 each week to her company's 401(k) plan and has $50 put into her…

A: Given Data: Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal…

Q: Bob Browning's weekly gross earnings for the present week were $2,750. Browning has four exemptions.…

A: Taxable Income It is the income on which tax is calculated.  This is derived after providing for all…

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: 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 $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: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…

A: Net Pay-: Net Pay is the proportion collected by an employee. It is calculated by deducting any…

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: Compute Austin's total social security and Medicare taxes for the fourth quarter. if she is…

A: Social security & medicare tax are payroll tax expenses which is imposed by internal revenue…

Q: Calculation of Take-Home Wages (Accounting for Liabilities).  Lina Lu is an hourly worker who earns…

A: Taxable Income:-It is income on which an individual has to pay taxes to the government as per the…

Q: Carolyne is paid $2,000.00 biweekly. This year, to date, she has earned $23,300.00. What will be the…

A: Payment of $2000 is done biweekly, which means paycheck is received biweekly. Calculation of total…

Q: Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and…

A: Given, M’s is married and her biweekly gross pay = $950 Number of allowance = 2 Calculation of…

Q: An employee is paid a salary of $10,150 per month.  If the FICA rate is 6.2% on the first $118,500…

A: FICA tax = Salary x FICA tax rate = $10,150 x 6.2% = $629.30 Medicare tax payable = Gross payroll x…

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: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

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