Mathematics, 09.12.2020 20:20 ajl05
An employee receives an hourly rate of $20, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows: hours worked, 42; federal income tax withheld, $140; Social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment tax, 5.4% on the first $7,000; federal unemployment tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? If required, round your answers to the nearest cent.
Answers: 1
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An employee receives an hourly rate of $20, with time and a half for all hours worked in excess of 4...
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