Lindsey Vater’s weekly gross earnings for the week ended March 9 were $3,940, and her federal income tax withholding was $709.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? For interim computations, carry amounts out to two decimal places. Round your final answer to two decimal places.fill in the blank 1 of 1$

Lindsey Vater’s weekly gross earnings for the week ended March 9 were $3,940, and her federal income tax withholding was $709.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? For interim computations, carry amounts out to two decimal places. Round your final answer to two decimal places.fill in the blank 1 of 1$

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 7E

See similar textbooks

Similar questions

Steven McFarland's weekly gross earnings for the week ending March 9 were $1,180, and her federal income tax withholding was $212.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is McFarland's net pay? If required, round your answer to two decimal places.
Maxwell Washington's weekly gross earnings for the week ending March 9 were $900, and her federal income tax withholding was $153.00. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places.
Maxwell Friedman's weekly gross earnings for the week ending March 9 were $860, and her federal income tax withholding was $154.80. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places.
Colin Friedman's weekly gross earnings for the week ending March 9 were $710, and her federal income tax withholding was $142.00. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places.$
Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax withholding was $390.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all eamings, what is McFarland's net pay? If required, round your answer to two decimal places.
Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax withholding was $390.60. Assuming the social security tax rate is 6% and Mcdicarc tax is 1.5% of all carnings, what is McFarland's net pay? If required, round your answer to two decimal places.
Baker Green's weekly gross earnings for the week ending December 7 were $1,200, and her federal income tax withholding was $144. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar.$fill in the blank 1
Baker Green's weekly gross earnings for the week ending December 7 were $1,200, and her federal income tax withholding was $144. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar. $ ?
Baker Green's weekly gross earnings for the week ending December 7 were $3,200, and her federal income tax withholding was $384. Assuming the social security rate is 6.0%, the Medicare rate is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar. ?
Baker Green's weekly gross earnings for the week ending December 7 were $1,800, and her federal income tax withholding was $216. Prior to this week Green had earned $98,000 for the year. Assuming the social security rate is 6.0% and Medicare is 1.5%, what is Green's net pay? Round your answer to the nearest whole dollar.$___________
Tam Worldly’s weekly gross earnings for the week ended April 22 were $2,000, and her federal income tax withholding was $372.02. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Worldly’s net pay?
Kenneth Washington's weekly gross earnings for the week ended April 22 were $1,000, and his federal income tax withholding was $180. Assuming the social security rate is 6% and Medicare is 1.5%, what is Kenneth's net pay?