Business, 15.07.2020 03:01 dbajomo01

The following information is for employee William Heedy for the week ended March 15. Total hours worked: 48
Rate: $16 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
Social security: 6% on maximum earnings of $106,800
Medicare tax: 1.5% on all earnings; on both employer and employee
State unemployment: 4.2% on maximum earnings of $7,000; on employer
Federal unemployment: 0.8% on maximum earnings of $7,000; on employer Federal unemployment: 0.8% on maximum earnings of $7,000; on employer.
1. What is WIlliam's total earnings?
a. $640.00
b. $896.00
c. $256.00
d. $900,00
2. What is WIlliam's total deductions?
a. $200.00
b. $50.00
c. $317.20
d. $250.00
3. What is William's net pay?
a. $578.80
b. $640.00
c. $580.00
d. $600.00
4. What is the employers FICA based on Williams pay?
a. $70.00
b. $67.20
c. $20.40
d. $0
5. What is the employers Federal Unemployment based on Williams pay?
a. $0
b. $13.44
c. $7.00
d. $4.80

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 02:30

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Answers: 2

Answer

Business, 22.06.2019 04:00

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Answers: 2

Answer

Business, 22.06.2019 07:50

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

Answers: 2

Answer

Business, 22.06.2019 20:40

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.

Answers: 1

Answer

You know the right answer?

The following information is for employee William Heedy for the week ended March 15. Total hours wo...

Questions