Maggie Vitteta, single, works 34 hours per week at $10 an hour. How much is taken out for federal income tax with one withholding exemption? (Assume the overtime for each employee is a time-and-a-half rate after 40 hours
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- Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and one-half times the regular rate for all hours worked in excess of 40 per week. During the last week of March of the current year he worked 45 hours. Ian is single and claims 2 withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee (Federal) income tax (use withholding table provided). b. Social Security tax at 6.2%. c. Medicare tax at 1.45%. d. Health insurance premium, $60. e. Credit union deposit, $140. f. United Way contribution, $15. Required: 1. Compute McCarthy's regular, overtime, gross, and net pay. If required, round your answers to the nearest cent. Regular pay:Overtime pay:Gross pay:Net pay: 2. Journalize the payment of his wages for the week ended March 26, crediting Cash for the net amount. When required, round your answers to the nearest cent. If an amount box does not require an entry, leave…Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and one-half times the regular rate for all hours worked in excess of 40 per week. During the last week of March of the current year he worked 45 hours. Ian is single and claims 2 withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee (Federal) income tax (use withholding table provided). b. Social Security tax at 6.2%. c. Medicare tax at 1.45%. d. Health insurance premium, $60. e. Credit union deposit, $140. f. United Way contribution, $15. 1. Compute McCarthy's regular, overtime, gross, and net pay. If required, round your answers to the nearest cent. Regular pay ______ Overtime pay ______ Gross pay ______ Net pay Journalize the payment of his wages for the week ended March 26, crediting Cash for the net amount. When required, round your answers to the nearest cent. If an amount box does not require an…Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and one-half times the regular rate for all hours worked in excess of 40 per week. During the last week of March of the current year he worked 45 hours. Ian is single and claims 2 withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee (Federal) income tax (use withholding table provided). b. Social Security tax at 6.2%. c. Medicare tax at 1.45%. d. Health insurance premium, $60. e. Credit union deposit, $140. f. United Way contribution, $15. Required: 1. Compute McCarthy's regular, overtime, gross, and net pay. If required, round your answers to the nearest cent. Regular pay $fill in the blank 818b23072fd4feb_1 Overtime pay $fill in the blank 818b23072fd4feb_2 Gross pay $fill in the blank 818b23072fd4feb_3 Net pay $fill in the blank 818b23072fd4feb_4 2. Journalize the payment of his wages…
- Lucy Rose works at College of Fort Worth and is paid $12 per hour for a 40-hour workweek and time-and-a-half for hours above 40. A (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 2. Rose is single, and her income tax withholding is 15% of total pay. Rose's only payroll deductions are payroll taxes. Compute Rose's net (take-home) pay for the week. Assume Rose's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay Requirement 3. Journalize the accrual of wages expense and the payments related to the employment of Lucy Rose. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin with the entry to accrue wages expense and payroll withholdings for Lucy Rose. (Round all amounts to the nearest cent.) Date Accounts and Explanation Debit CreditCarrie Rosenburg worked 45 hours the first week of the calendar year and earns regular wages of $16/hour. She is paid an overtime rate 1.5 times her regular wage rate, contributes 4% of her gross pay to a 401(k) plan, and contributes $30/week to a flexible spending account. Her Social Security tax for the week is $____?Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and one-half times the regular rate for all hours worked in excess of 40 per week. During the last week of March of the current year he worked 45 hours. Ian is single and claims 2 withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a, Employee (Federal) income tax (use withholding table provided in text). b. Social Security tax at 6.2%. G. Medicare tax at 1.45%. roapg9 d. Health insurance premium, $60. Credit union deposit, $140. 1. United Way contribution, $15. Required: 1. Compute McCarthy's regular, overtime, gross, and net pay 2 Journalize the payment of his wages for the week ended March 26, crediting Cash for the net amount. For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac). BIUS V Paragraph Arial XQ 11192 FE EBY D BB 3 10pt Y EM X² X₂ 38 AT 11. 安度因国民 AV (0) [+ LV T. Z 3v ✓ " *** Huunone Anwesen stre
- Michelle Strand’s regular hourly wage rate is $34, and she receives an hourly rate of $51 for work in excess of 40 hours. During a January pay period, Michelle works 45 hours. Michelle’s federal income tax withholding is $89, and she has no voluntary deductions.Compute Michelle Strand’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Michelle’s gross earnings $enter a dollar amount Michelle’s net pay $enter a dollar amountSusan works 32 hours per week and is paid $15 per hour and works 50 weeks per year. Calculate the CPP, EI and Income tax payable that has to be paid by the Susan and her employer.Beth Corbin’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Beth works 50 hours. Beth’s federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%.Compute Beth Corbin’s gross earnings and net pay for the pay period. (Round answers to 2 decimal places, e.g. 15.25.) Gross earnings $ Net pay $
- Your answer is partially correct. Karen Peters' regular hourly wage rate is $42, and she receives an hourly rate of $63 for work in excess of 40 hours. During a March pay period, Karen works 47 hours. Karen's federal income tax withholding is $80, and she has no voluntary deductions. The FICA tax rate is 7.65%. A Prepare the journal entry to record Karen's pay for the period. Use March 15 for the end of the pay period. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Mar. 15 here to search Account Titles and Explanation Salaries and Wages Expense FICA Taxes Payable Salaries and Wages Payable Cash Ef 50 Chp Debit 2,121 Credit 162.25 1.878.75 1,878.75 12:1 61°F Clear ^ @4) 934Donna Strand's regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a January pay period, Donna works 45 hours. Donna's federal income tax withholding is $86, and she has no voluntary deductions. Compute Donna Strand's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.) Donna's gross earnings Donna's net paymaggie vitteta, single, works 40 hours per week at $12.00 an hour. how much is taken out for federal income tax with one withholding exemption? (use table 9.1 and table 9.2) (round your answer to the nearest cent.): Amount: ?? In table 9.1 which is withholding for one allowance. According to the table when people are weekly they get 79.80, but it is only the one withholding allowance. So if someone has withholding of 3, that person needs to take the value of one withholding and multiply it by 3. (79.80 * 3 = 239.4) and that's how much you will need to subtract from the gross pay. Once you have already subtracted the number (239.4) from the gross pay, you go to table 9.2 and calculate how much taxed you owe. It is very important that you take into account whether the person is married or single because they have different rates.https://images.app.goo.gl/CMJFp7rnwo4eSV8c9 https://images.app.goo.gl/qodj6fY7ohJSSUTQ7
