Thomas earns $52,000 per year in salary. You pay 15% for federal income tax, no state taxes, no social security, and 1.45 % for medicare. You receive 5 days of paid vacation. What is the gross monthly salary? What is the net monthly salary (without vacation)? Thomas takes 4 days off in April to go on vacation. What is his net monthly salary for April? In September, Thomas takes 3 more days off. What is his net monthly pay for September?

Q: Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is…

A: Compute the net pay.

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

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A: FUTA: FUTA means the "Federal Unemployment Tax Act" which provides for the levy of tax on the wages…

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A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: You have been working at a local distributor for the past couple of years. Your bi-weekly salary is…

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

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 +…

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Q: A caterer earns £1375 per month. How much income tax will she pay for the year?

A: Income tax is a type of policy legislative or regulatory on income made by organizations and…

Q: An employee is paid a salary of $11,050 per month. If the current FICA rate is 6.2% on the first…

A: Workings: Given value: FICA rate is 6.2 %

Q: Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $309,000 this…

A: Given: Annual Earnings of Mr. Marc = $  309,000 Social Security Rate = 12.4 % Medicare = 2.9 %…

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

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

A:

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 pay - Total deductions

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Q: Jamie receives a basic pay of P29,880 a month and a 2% commission on her sales. She sold P505,000 in…

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A: The estimated tax must M sent to IRS is $29,769.75 (each quarter).

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Q: Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees…

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

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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

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

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

A: