R.D. Kagen employs Audrey Lopez at a salary of $33,800 a year. Kagen is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Lopez's salary. In addition, Kagen must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the first $7,000 of Lopez's salary. Compute the total cost to Kagen of employing Lopez for the year. If required, round your answer to the nearest cent.

Q: B. F. Goodson employs Eduardo Gonzales at a salary of $48,000 a year. Goodson is subject to employer…

A: Total cost means the sum of all the expenditure. Total cost also means the sum of fixed cost and…

Q: Donald Chin works for Northwest Supplies. His rate of pay is $12.00 per hour, and he is paid 1½…

A: 1. Compute Chin's regular pay, overtime pay, gross pay, and net pay.

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

A: Federal income tax refers to the tax levied by the Internal Revenue Service (IRS) on the desired…

Q: J. B. Kenton employs Sharla Knox at a salary of $33,700 a year. Kenton is subject to employer Social…

A: Salary: Salary means Employer gives payment to employees for the work contribution. Total cost…

Q: Total Cost of Employee Mandy Feng employs Jay Johnson at a salary of $35,000 a year. Feng is subject…

A: Following are the calculation of taxes:

Q: Dan Smith receives an hourly wage rate of $30 if Dan worked 40 hours for the current week and the…

A: Total wages = hourly wage rate x no. of hours worked = $30 x 40 hours = $1200

Q: Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00…

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

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A: Step 1: Net pay is the value which is computed after deducting the taxes and deductions allowed for…

Q: Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a…

A: Payroll Taxes = FICA SS Tax + FICA Medicare Tax + FUTA Tax + SUTA Tax= 544.87+ 127.42 + 42 +…

Q: Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and…

A: 1) Calculation of Pay: Gross Pay = 40 hours ×$16= $640   Overtime Pay = 5 hours × $16 × 1.5= $120…

Q: Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number…

A: Given: Trenkamp uses a weekly federal income tax withholding table. Social Security tax is withheld…

Q: Cindy Neuer's regular hourly wage rate is $17, and she receives an hourly rate of $23 for work in…

A: In this question, we have been asked to calculate gross earnings and net pay. This question is…

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A:

Q: Scott is an employee at Company G and is paid monthly.  For the month of January, he earned a total…

A: Net pay for the employee= Gross pay-  Payroll tax Payroll tax includes social security tax, federal…

Q: Lisa Meilo works for Pacific Company, which pays its employees time-and-a-half for all hours worked…

A: Overtime pay: It is a payment that an employee gets when he or she works extra hours as compared to…

Q: Old Town Entertainment has two employees in Year 1. Clay earns $4,800 per month, and Philip, the…

A: Net pay the pay which is left with the employee after paying all the taxes and contributions which…

Q: Peter works for Company G and gets paid monthly. He made $8,500 throughout the month of January.…

A: Compensation is a monetary or non-monetary payment paid in exchange for services provided. Base…

Q: cial security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax…

A: Higher income earners are taxed at a higher rate under the federal income tax, which is based on a…

Q: Cordelia is an employee of Snaktyme Foods in Missouri. She earns $23,700 annually. Snaktyme has…

A: Given information, Annual earning = $23,700 Worth of uniform = $200 Training worth = $760…

Q: Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is…

A:

Q: R.D. Kagen employs Audrey Lopez at a salary of $33,800 a year. Kagen is subject to employer Social…

A:

Q: Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in…

A: Gross earnings = (40 hours x $22 per hour) + (Hours in excess of 40 hours x $33 per hour) =(40 hours…

Q: is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay…

A: Normal Pay                     $20×40            =$800 Over time pay                 $30×10…

Q: Susan works 32 hours per week and is paid $15 per hour and works 50 weeks per year. Calculate the…

A: Susan Working hours = 32 hours per week Payment = 32 hours * $15 per hour = $480 per week Susan…

Q: Christine Erickson is the payroll accountant for Multi Winds Energy of Lincoln, Nebraska. The…

A: Here discuss about the details of the payment of net pay which are incurred to the employees after…

Q: Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and…

A: Part 1:

Q: Jane Heinlein is the payroll accountant for Sia Lights of Carter, Nebraska. The employees of Sia…

A: Net pay:The amount of pay employee gets in hand after making various deductions is known as the net…

Q: Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360.00…

A: Net pay is the final pay after taking into consideration all the deductions.  The calculation is…

Q: Mike Samson is a college football coach making a base salary of $652,800 a year ($54,400 per month).…

A: Given information is: Mike Samson is a college football coach making a base salary of $652,800 a…

Q: John Waits owns a small shop with two employees. For one payroll period the total withholding tax…

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00…

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

Q: Coronado Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work…

A: Gross pay is the measure of cash of the worker get before the tax and allowances . Net pay is the…

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: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A: Here to calculate the federal income withhold taxes, social security tax, Medicare and state income…

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: Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00…

A: In this question,  federal income tax year didn't mentioned. I am assuming for the year 2019.Note:…

Q: Total Cost of Empleyee R.D. Kagen employs Audrey Lopez at a salary of $33,800 a year. Kagen is…

A: Payroll: It can be defined as the total payment made by an employer to its employee.

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: Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number…

A: Given: Trenkamp uses a weekly federal income tax withholding table. Social Security tax is withheld…

Q: R.D. Kagen employs Audrey Lopez at a salary of $32,900 a year. Kagen is subject to employer Social…

A: Salary: Its a compensation paid to the employees for providing their services to the company. It can…

Q: B. F. Goodson employs Eduardo Gonzales at a salary of $47,400 a year. Goodson is subject to employer…

A: Introduction: Salary: Salary is given to employees for rendering their services to the company.…

Q: Mang Carding is a minimum wage earner. To augment his earnings, he put up a mini store under his…

A: 1) The income received from 13th and 14th month will not be taken from taxable value , due to that…

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A: FICA--OASDI Tax: FICA--OASDI stands for Federal Insurance Contributions Act for Old Age, Survivor…

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A: Net take home pay means gross pay after deducting all the payroll taxes like federal income tax,…

Q: Margaret's regular hourly wage rate is $20.and she receives  an hourly rate of $30 for work in…

A: Introduction: Salary: Salary is given to employees for rendering their services to the company.…

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

A: Answer : $6,846.92

Q: Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and…

A: Regular Pay (40*16) $640.00 Overtime pay (5*16*1.5) $120.00 Gross pay $760.00 Net pay…

Q: nter deductions beginning with a minus sign (-). Round interim amounts to two decimal places. Use…

A: Calculation of Net pay using the wage bracket Particulars Amount Gross Pay $300  Federal…

Q: Watson works for MRK all year and earns a monthly salary of $12,800. There is no overtime pay.…

A: Journal: Recording of a business transactions in a chronological order.

Q: Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare…

A: