All Agency A employees are paid biweekly on the 5th (for wages earned during the payperiod of the previous month's 16 80g month end) and the 20th (for wages earned during the payperiod of the 1st through 15) Overtime is paid at the rate of 1 % times regular salary. Monthly deductions remain the same percentage of gross earnings. For instance, an employee whose regular salary is $1000 has 10% or $100 withheld for federal taxes. If the same employee earns $200 in overtime, his federal tax deduction would be $120, or 10% of $1200 In converting monthly salaries to hourly rates, compute on the basis of 173.33 working hours in a month. Employee Sam Cat Joe Mike Maria Tony Tom Jerry Ron April Jon Title Division S Agency A Monthly Payroll Tech Clerk Regular Gross Monthly Salary Monthly Deudction from Gross Federal Tax State Tax Misc. Supervisor S Manager $ Analyst $ Supervisor S $ S 1,317 $130.00 Secretary S 1,847 $250.00 Tech $ $ 2,089 $ 301.00 $ Analyst $ 2,762 Director $ 4,536 $ 695.00 $ Tech $ 2,154 S 333.77 S 3,120 $ 624.00 $ 4,008 S 2,884 $ 432.60 $ 3,615 2,202 S 315.00 $ 156.00 240.48 $600.00 216.90 95.00 $14.17 $39.15 $ 54.00 146.23 $ 25.25 126.00 $98.10 241.31 193.00 Joe worked 14 hours of overtime one month. His gross earnings for that month would be Select the single best answer: A. $3125.26 B. $3189.83 C. $3233.41 D. $3301.95
All Agency A employees are paid biweekly on the 5th (for wages earned during the payperiod of the previous month's 16 80g month end) and the 20th (for wages earned during the payperiod of the 1st through 15) Overtime is paid at the rate of 1 % times regular salary. Monthly deductions remain the same percentage of gross earnings. For instance, an employee whose regular salary is $1000 has 10% or $100 withheld for federal taxes. If the same employee earns $200 in overtime, his federal tax deduction would be $120, or 10% of $1200 In converting monthly salaries to hourly rates, compute on the basis of 173.33 working hours in a month. Employee Sam Cat Joe Mike Maria Tony Tom Jerry Ron April Jon Title Division S Agency A Monthly Payroll Tech Clerk Regular Gross Monthly Salary Monthly Deudction from Gross Federal Tax State Tax Misc. Supervisor S Manager $ Analyst $ Supervisor S $ S 1,317 $130.00 Secretary S 1,847 $250.00 Tech $ $ 2,089 $ 301.00 $ Analyst $ 2,762 Director $ 4,536 $ 695.00 $ Tech $ 2,154 S 333.77 S 3,120 $ 624.00 $ 4,008 S 2,884 $ 432.60 $ 3,615 2,202 S 315.00 $ 156.00 240.48 $600.00 216.90 95.00 $14.17 $39.15 $ 54.00 146.23 $ 25.25 126.00 $98.10 241.31 193.00 Joe worked 14 hours of overtime one month. His gross earnings for that month would be Select the single best answer: A. $3125.26 B. $3189.83 C. $3233.41 D. $3301.95
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:All Agency A employees are paid biweekly on the 5th (for wages earned during the payperiod of the previous month's 16 through
month end) and the 20th (for wages earned during the payperiod of the 1st through 15)
Overtime is paid at the rate of 1 % times regular salary Monthly deductions remain the same percentage of gross earnings. For
instance, an employee whose regular salary is $1000 has 10% or $100 withheld for federal taxes. If the same employee earns $200
in overtime, his federal tax deduction would be $120, or 10% of $1200
In converting monthly salaries to hourly rates, compute on the basis of 173.33 working hours in a month.
Employee Title
Sam
Cat
Joe
Mike
Maria
Tony
Tom
Jerry
Ron
April
Jon
Division S
Agency A
Monthly Payroll
Monthly Federal Tax
Salary
Supervisor S 3,120 $ 624.00 $
Manager $4,008
S
Analyst
Tech
Clerk
Regular
Gross
Tech
Analyst
Director
Tech
Monthly Deudction from Gross
State Tax
Misc.
156.00
240.48
$
Supervisor S
2,884 $ 432.60
3,615
S
95.00
2,202 S315.00 S
S
S
1,317 $130.00
1,847 $ 250.00
Secretary S
$ 2,089 $ 301.00 $
$
$ 2,762
$4,536 S 695.00 $
$ 2,154 5 333.77 S
$600.00
$14.17
216.90 $39.15
$ 54.00
146.23 $ 25.25
126.00 $98.10
241.31
193.00
Joe worked 14 hours of overtime one month. His gross earnings for that month would be
Select the single best answer:
A. $3125.26
B. $3189.83
C. $3233.41
D. $3301.95
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