8. Natasha has been employed at Plant Productions for the last 14 years. Her job has become obsolete, and her employment is being terminated at the end of the week. Natasha earns $735.00 weekly and is being paid 8 weeks of legislated wages in lieu of notice and a retiring allowance of $20,000.00. Natasha is also owed $2, 940.00 vacation pay. Calculate the insurable earnings to be recorded in Block 15B of the Record of Employment.

Mary Johnson is earning $40,000 per week as her basic salary.Ms. Johnson lives in a house that the company pays the Landlord $5,000 weekly.  She receives a non-taxable uniform allowance of $12,500 per week.  Ms. Johnson has asked the payroll department to deduct from her salary $5,000 to National Housing Trust (NHT). The company has an approved pension scheme for which the employee contributes 5% per week and the employer matches this amount by contributing the same percentage for the employee. Required: a)     Calculate the net pay for Mary Johnson for the week.  b)     Compute the taxes that the company will pay for Ms. Johnson.

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The following information is available for the employees of Webber Packing Company for the first week of January Year 11.    Kayla earns $26 per hour and 1½ times her regular rate for hours over 40 per week. Kayla worked 50 hours the first week in January. Kayla's federal income tax withholding is equal to 11 percent of her gross pay. Webber pays medical insurance of $100 per week to a retirement plan for her.2.    Paula earns a weekly salary of $1,150. Paula's federal income tax withholding is 17 percent of her gross pay. Webber pays medical insurance of $145 per week for Paula and contributes $135 per week to a retirement plan for her.3.    Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayla and $75 per week for Paula.Assume the Social Security tax rate is 6 percent on the first $110,000 of salaries and the Medicare tax rate is 1.5 percent of total salaries. The state unemployment tax rate is 5.4 percent and the federal unemployment tax…

Robin Market works for Cycle Industries. Her pay rate is $14.50 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Robin worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Robin's cumulative earnings prior to this pay period total $32,000. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $180 5. Charitable contribution, $25 Required: 1. Compute Robin's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Robin's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete…

Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $170 per week for 42 weeks during the current year. Do not round immediate computations and round your final answers to two decimal places. a.  What is the employer's portion of Social Security and Medicare tax for the nanny that Ann should pay when she files her Form 1040 for 2018?$ b.  What is the nanny's portion of the Social Security and Medicare tax?$

Gail works 32 hours Monday throught Thursday. On Friday, she is out with the flu and receives 8 hours' sick pay under her employer's policy. She returns to work for 4 hours on Saturday. If she earns 8 per hour and the federal minmum requirements for overtime pay apply, how much pay will she receive? a. 352 b. 320 c. 368 d. 288

1. The contribution limit for a Payroll Deduction IRA increases once an employee reaches _____ years of age. Answer:   A.    40     B.    45     C.    50     D.    55   2. Carrie Rosenberg worked 44 hours the first week of the calendar year and earns regular wages of $18/hour. She is paid an overtime rate 1.5 times her regular wage rate, contributes 2% of her gross pay to a 401(k) plan, and contributes $40/week to a flexible spending account. Her Social Security tax for the week is $______ .   3. What types of wage garnishments are typically satisfied before others? Answer:   A.    Student loan payments and state/federal tax levies     B.    Alimony and child support payments     C.    Child support payments and federal tax levies     D.    State and federal tax levies