A man earns $16.20 per hour with time and a half for overtime and he worked 48 hours during a recent week. Find his gross pay for the week.
The man’s gross pay for the week was $???
(Round to the nearest cent as needed.)
A man is paid on a salary-plus-commission basis. He receives $277 weekly in salary and a commission based on 6% of all weekly sales over $2,030. If he sold $7,822 in merchandise in one week, find his gross earnings for the week.
The man’s gross earnings for the week were $???
Khalid Khouri is married, has a gross weekly salary of $706 (all of which is taxable), and claims two withholding allowances. Use the tax tables to find the federal tax withholding to be deducted from his weekly salary.
The withholding tax is $???
Carter Manning has a weekly adjusted gross income of $986, is single, and claims one withholding allowance. Find the federal tax withholding to be deducted from his weekly paycheck using the percentage method tables.
The federal tax withholding to be deducted from his salary is $
Dr. Josef Young earns an adjusted gross weekly income of $2,418. How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? The Social Security tax rate is 6.2% from earnings to be taxed to a maximum annual wage of $118,500. The Medicare tax rate is 1.45% from all earnings to a maximum annual wage of $200,000.
The Social Security tax is $???
(Type an integer or a decimal. Round to the nearest cent as needed.)
The Medicare tax is $???
John Waits owns a small shop with four employees. For one payroll period the total withholding tax for all employees was $1,550. The total employees’ Social Security tax was $175 and the total employer’s Social Security tax was $245. The total employees’ Medicare tax was $119 How much must John deposit as the employer’s share of Social Security tax and Medicare tax? What is the total tax that must be deposited?
John must deposit $??? as the employer’s share of Social Security tax and Medicare tax.
The total tax that must be deposited is $???
A loan is made on January 18 and has a due date of October 16 during a leap year. Find the exact time of the loan.
Find the discount and proceeds on a $3,260 face-value note for nine months if the discount rate is 9.3%. (Use the banker’s rule.)
The discount is $???
(Round to the nearest cent as needed.)
The proceeds are $???
(Round to the nearest cent as needed.)
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