Ask Experts Questions for FREE Help !
Ask
    whyvee's Avatar
    whyvee Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 28, 2009, 01:07 AM
    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?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jul 29, 2009, 09:54 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Payroll company witholding money from uncashed payroll check [ 1 Answers ]

I have a payroll check that is about four years old and the payroll company says that they are in no way obligated to reissue me a check, and that the escheat laws only apply to government office jobs but that is not true. Who would I contact to help me on this problem?

Payroll Accounting [ 3 Answers ]

Which of the following accounts shows the total gross earnings that the employer incurs as an expense each payday? Payroll taxes, federal income taxes payable, wages expense, or salaries payable?

Simple questions about payroll accounting [ 1 Answers ]

I'm working on a question, and I just need to find out when you are given an advance on your pay are taxes deducted when you get the advance, and also is commison similar to piecework... oh and would it be sales that effects profit and loss statement, I'm pretty sure it is maybe someone could...

View more questions Search