week) as he wan ked > 40/week
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- Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.Logan makes an annual salary of $41,875 he is paid bi-weekly. What is his gross pay? And calculate his net pay?Connor has an annual salary of $43,000, and his company pays him twice a month. How much is withheld for FICA on each paycheck that Connor receives?
- Dilpreet works for CTY, a company in Ontario and is paid $4300 biweekly. He contributes 7% of his gross earnings to a Registered Retirement Savings Plan each pay. He pays $92 per month for union dues and receives a group term life insurance non-cash taxable benefit of $390 each month. His employer also paid for counselling services worth $416 a month (non-cash). Each pay Dilpreet contributes $8.00 to United Way. His federal and provincial TD1 claim codes are 1 and he will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Use 2021 rates. Calculate Dilpreet’s net pay. Make sure to use the CRA payroll deduction tables to determine federal and provincial income taxes. Round to two decimal places and do not include commas (,) or the $ sign.Steven takes a full-time position that pays an hourly wage of $32. The job assumes that he will work five 8-hour days a week. The government takes out 6.2% for Social Security, 1.45% for Medicare, and 15% for Federal income tax. Steven will have $80 taken out for health insurance and 6% of his after-tax monthly income taken out for retirement. GAI _________________ GMI _________________ ATM _________________ Total Expenses ________________ Net __________________The worker makes 10$/hr and receives time and half for overtime . The employer takes out 15% of his paycheck to pay federal and state taxes an additional 50$ is deducted to contribute to his retirement fund
- Barry's employer pays $1,945 in health insurance and $234 in life insurance per year. He also gets $4,213 in paid time off per year. His monthly gross pay is $5,020. What are Barry's total job benefits per year?Hank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50 hours at his job during the first week of March, 2024. Hank pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.) OA. $731.33. OB. $981.75 OC. $893.39 OD. $699.82 BIEN MHank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50 hours at his job during the first week of March, 2024. Hank pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.) OA. $731.33 OB. $981.75 OC. $893.39 D. $699.82 GID
- Gabriel receives an annual salary of $74,300; he is paid monthly, and his regular workweek is 38 hours. a) Calculate his regular pay per payment period. $ b) Calculate his hourly rate of pay. $ c) If his overtime rate is double the regular pay, calculate the overtime rate of pay. $ d) What is Gabriel's gross pay for a pay period in which he worked 13 hours overtime at double regular pay? $Hank earns $18.50 per hour with timeandahalf for hours in excess of 40 per week. He worked 44 hours at his job during the first week of March, 2024. Hank pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.)lan McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid the regular rate for all hours worked for 40 hours per week. His Federal 11% of his salary . lan is single and claims 1 withholding allowances on his W-2 form. His weekly wages are subject to the following deductions.