Todd Hackworth’s weekly gross earnings for the week ending December 18 were $2,000, and his federal income tax withholding was $396.19. Prior to this week, Hackworth had earned $98,500 for the year. Assuming the social security rate is 6% on the first$100,000 of annual earnings and Medicare is 1.5% of all earnings, what is Hackworth’s net pay?

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: Employee Net Pay Maxwell Inverness's weekly gross earnings for the week ended April 22 were $1,302,…

A: Payroll taxes:  Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

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

A: Net pay is an employee's compensation after all deductions have been made. Obligatory deductions,…

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

A:

Q: Dr. Josef Young earns an adjusted gross weekly income of ​$2,584. How much Social Security tax…

A: The social security tax withheld is the weekly income multiplied by the social security tax rate.…

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: 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: Mr. Wade was just promoted to Dean and will earn a yearly salary of $271,828.08 evenly distributed…

A: Monthly Salary = Yearly Salary12 months Social Security Taxes = Monthly Salary x 6.2% (Employee's…

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: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: Formula to calculate  employee's annual FICA taxes amount:Employee's annual FICA taxes = Employee…

Q: George's Gameroom had two employees with the following earnings information: Gross Earnings for Week…

A: Social security tax is the one which is applicable on the payment of wages.

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: Baker Green's weekly gross earnings for the week ending December 7 were $2,800, and her federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…

Q: Colin Friedman's weekly gross earnings for the week ending March 9 were $710, and her federal income…

A:

Q: Employee Net Pay Maxwell Washington's weekly gross earnings for the week ended April 22 were $1,604,…

A: Payroll tax expenses include all expenses which are charged on the gross earnings of an individual…

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 earned $44,800 during the year working for an employer when the maximum limit for Social…

A: Formula: FICA tax amount = Social security tax + Medicare tax amount

Q: Marsha Mellow's weekly gross earning for the week ended May 23 were $1,250 and her federal income…

A: Gross Pay: It is referred as the sum total of income, wages, commissions, extra time, and bonus…

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: Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income…

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

Q: Lindsey Vater’s weekly gross earnings for the week ended March 9 were $800, and her federal income…

A: An employee's net pay seems to be the whole amount obtained or received. It is calculated by…

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: An employee earned $45,400 during the year working for an employer when the maximum limit for Social…

A: The FICA tax amount is the sum of 6.2% social security tax and 1.45% Medicare tax on the employee…

Q: Davis and Thomas have earnings of $841 each. The social security tax rate is 6.0%, and the Medicare…

A:

Q: Rick Portnoy's filing status is head of household, and he has earned gross pay of $1,300. Each…

A: Given,   Current year taxable earnings for Medicare tax = $ 206,100

Q: Prior to the current period, Omar Phipps had earnings subject to Social Security tax of $115,800.…

A: The maximum income subject to social security tax for the year  2021 is = 142800 2022 is = 147000

Q: An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social…

A: Step 1 The unemployment taxes (FUTA) of $42 is obtained by multiplying the earnings of $7,000 with…

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

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

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: $8,950.

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

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: Kenneth Inverness's weekly gross earnings for the week ended April 22 were $1,000, and his federal…

A: Tax represents the liability paid to the government calculated on the income earned.

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

A: The US government levies taxes such as social security taxes, federal income taxes, and medical…

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

A: Formula: Net pay = Gross Earnings - Social security tax - Federal income tax - Medicare.

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: 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: ral income tax withholding was $144. Assuming the social

A: Given :  Baker's Green weekly gross earning =1200 income tax withholding = 144 social security 6%…

Q: Colin McFarland's weekly gross earnings for the week ending March 9 were $1,850, and her federal…

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

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 = Weekly gross earnings x Social security tax rate.

Q: Employee net payLindsey Vater's weekly gross earnings for the week ended March 9 were$800, and her…

A: Calculate Ms. L's net pay as follows: Particulars Amount Amount Gross Pay   $800.00…

Q: Kenneth Washington's weekly gross earnings for the week ended April 22 were $1,000, and his federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…

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

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

A: Income tax is an expense for the company that is levied on the income earned given to the government…