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Erin Chang, an employee of Solutions Company, worked 48 hours during the week of October 12 through 18. Her rate of pay is $17.50 per hour, and she receives time-and-a-half for all work in excess of 40 hours per week. Chang is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions: a. Federal income tax (use the table in Figure 3, pages 293-294). b. Social Security tax at 6.2 percent. c. Medicare tax at 1.45 percent. d. Union dues, $32. Required Compute Chang’s regular pay, overtime pay, gross pay, and net pay.

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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570
BuyFind

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

Solutions

Chapter
Section
Chapter 7, Problem 1PB
Textbook Problem

Erin Chang, an employee of Solutions Company, worked 48 hours during the week of October 12 through 18. Her rate of pay is $17.50 per hour, and she receives time-and-a-half for all work in excess of 40 hours per week. Chang is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions:

  1. a. Federal income tax (use the table in Figure 3, pages 293-294).
  2. b. Social Security tax at 6.2 percent.
  3. c. Medicare tax at 1.45 percent.
  4. d. Union dues, $32.

Required

Compute Chang’s regular pay, overtime pay, gross pay, and net pay.

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Chapter 7 Solutions

College Accounting (Book Only): A Career Approach
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