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    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #1

    Nov 18, 2006, 05:04 PM
    Taxes
    Jeremy Rymes is a waiter at the Duluxe Lounge. In his first weekly pay in March, He earned 120.00 for the 40 hours he worked. In addition , he reported his tips for February to his employer(450.00) and the employer withholds the appropriate taxes for the tips from this pay in March. Calculate his net take home pay assuming the employer withheld fedral income tax(wage bracket married 2 allowances), social security taxes and state income tax (2%). On the wage Beacket for 450 it's shows 17.00 and 18.00. For 120 it shows 0. How would I calculate this problem.

    How do I find the wage hour for

    315 per week
    1700 per month
    2350 per month
    1510 per month
    52,000 per year


    The answer I came up with are

    315.00 7.88 per hour
    1700.00 9.81 per hour
    2350.00 13,56 per hour
    1510 8.71 per hour
    52000.00 24.96 per hour
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Nov 19, 2006, 11:55 AM
    This is a homework question, and I do not answer homework questions for students!
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #3

    Nov 19, 2006, 05:10 PM
    Quote Originally Posted by AtlantaTaxExpert
    This is a homework question, and I do not answer homework questions for students!
    This is not homework. I trying to do a payroll register on my own. But when I try to prove my work it don't come out right.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Nov 19, 2006, 07:57 PM
    Okay, if it NOT a homework problem, WHY are your other five posts similar to the one below (NOTE its title):

    Homework help

    --------------------------------------------------------------------------------

    The annual salaries each of the officers of Maxtun inc. follow. The Officers are paid semimonthly on the 15th and the last day of the month. Compute FICA taxes to be withheld from each officers pay on October 13 and December 29

    October 13

    Annual/salary OASDI/taxable OASDI tax HI/ taxable HI tax
    Earnings earnings
    Tate jack 120,000
    Green 93,600
    Jones 69,600
    David 54,000
    Wong 51,600
    Molt 49,200

    December 29
    Tate 120,000
    Green 93,600
    Jones 69,600
    David 54,000
    Wong 51,600
    Molt 49,200

    When someone figures out your game, do NOT deny it when proving it is SO EASY!
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
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    #5

    Nov 19, 2006, 08:32 PM
    I did it in homework help cause no one will show me if I'm doing it right. Sorry.

    I being posting problems on the this website and it's never being harder then this. I pray to God for you people who try to make things so hard when it can be so easy. All I ask is for you to explain the problem to me and check the ones I did. But every time post I keep getting annoy quote. What I have to do to get some expaining around here.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Nov 20, 2006, 07:55 PM
    Okay, I'll cut you some slack!

    For the week, divide the gross pay by the standard 40 hour work week.

    For the month, divide the gross pay by the standard 22-day/176 work month.

    For the year, the standard is 2,080 hours.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #7

    Nov 20, 2006, 10:09 PM
    Quote Originally Posted by AtlantaTaxExpert
    Okay, I'll cut you some slack!

    For the week, divide the gross pay by the standard 40 hour work week.

    For the month, divide the gross pay by the standard 22-day/176 work month.

    For the year, the standard is 2,080 hours.

    If the weekly pay was 315 I divide this by 40 and I get 7.875
    Do I round this to 7.88
    Cause when I round it it give me an answer of 315.20 which his pay was 315 a week.

    If I got paid 1700 a month I divide this 1700 by 176


    52000 I divide this by 2080
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #8

    Nov 21, 2006, 04:51 PM
    Yes, round to the nearest cent.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #9

    Nov 24, 2006, 08:45 PM
    Quote Originally Posted by AtlantaTaxExpert
    Yes, round to the nearest cent.
    Thank you
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
     
    #10

    Nov 26, 2006, 08:22 PM
    Quote Originally Posted by Too Short
    Jeremy Rymes is a waiter at the Duluxe Lounge. In his first weekly pay in March, He earned 120.00 for the 40 hours he worked. In addition , he reported his tips for February to his employer(450.00) and the employer withholds the appropriate taxes for the tips from this pay in March. Calculate his net take home pay assuming the employer withheld fedral income tax(wage bracket married 2 allowances), social security taxes and state income tax (2%). On the wage Beacket for 450 it's shows 17.00 and 18.00. For 120 it shows 0. How would i calculate this problem.

    How do i find the wage hour for

    315 per week
    1700 per month
    2350 per month
    1510 per month
    52,000 per year


    The answer i came up with are

    315.00 7.88 per hour
    1700.00 9.81 per hour
    2350.00 13,56 per hour
    1510 8.71 per hour
    52000.00 24.96 per hour
    Can someone help with the first problem.

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