The chief estimator has asked you to determine the average hourly cost for equipnent operatorsusing the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday).Overtime is paid for over 40 hours at a rate of Tirme and a half.Base Wage - $22.00 per hourSocial Security Tax - 7.65%Unermployment Compensation Tax - 2.75%Worker Compensation Insurance $32.00/100Public liability/Property Damage Insurance $3.10/100Fringe Benefits $6.25 per hour

Data given: Overtime hours per week = 8hrs. Normal working hrs. per week = 40hrs. Overtime hour rate…

The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Time and a half. Base Wage $22.00 per hour Social Security Tax - 7.65% Unemployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance - $3.10/100 Fringe Benefits $6.25 per hour

The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Time and a half. Base Wage $22.00 per hour Social Security Tax - 7.65% Unemployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance - $3.10/100 Fringe Benefits $6.25 per hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete the following table. Note: Round your "gross pay" to the nearest cent. Employee Donna Swan Monday Tuesday Wednesday Thursday Friday 5 8 12 9 6 Hours Rate per hour $ 9.75 Gross pay
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You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job 2 is a full-time (40 hours a week) job that pays $26 an hour. You will pay 12% of your income for federal income taxes, 6.2% for Social Security, 1.45% for Medicare, and 4% for state income taxes. Job 1 has the following benefits: Health insurance costs $220 a month pre-tax income and the retirement plan is $180 of your after-tax income. You receive (10 days) of paid vacation. Job 2 has the following benefits: health insurance costs $75 a month of your pre-tax income and the retirement plan is 5% of your pre-tax income. You receive 1 week (5 days) of paid vacation.You plan on taking 2 weeks (10 days) of vacation. What is the Gross Annual Income for Job 2?What is the Gross Annual Income for Job 2? $54,080 $53,339.17 $48,000 $58,000 $54,080 $53,339.17 $48,000 $58,000
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Q.No.8. After selection of an Employee, the Human Resource Department has decided the following salary breakup: Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.) Then calculate the following: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.
After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: 1.Calculate the actual regular pay rate per hour. 2.Calculate the overtime rate per hour. 3.Calculate the Total pay for a month.
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You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job 2 is a full-time (40 hours a week) job that pays $26 an hour. You will pay 12% of your income for federal income taxes, 6.2% for Social Security, 1.45% for Medicare, and 4% for state income taxes. Job 1 has the following benefits: Health insurance costs $220 a month pre-tax income and the retirement plan is $180 of your after-tax income. You receive (10 days) of paid vacation. Job 2 has the following benefits: health insurance costs $75 a month of your pre-tax income and the retirement plan is 5% of your pre-tax income. You receive 1 week (5 days) of paid vacation.You plan on taking 2 weeks (10 days) of vacation. What is the Gross Monthly Income ater Deductions for Job 1? $4,833.33 $4,613.33 $3,522.27 $3,342.27
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