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-   -   Accounting: Payroll (https://www.askmehelpdesk.com/showthread.php?t=380642)

  • Jul 28, 2009, 01:07 AM
    whyvee
    Accounting: Payroll
    An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $110; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, 8% on the first $7,000. What is the net amount to be paid the employee?
  • Jul 29, 2009, 09:54 PM
    morgaine300

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help

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