Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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Category > Accounting Posted 29 May 2017 My Price 7.00

An employee receives an hourly rate of $70, with time and a half for

 

An employee receives an hourly rate of $70, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows; hours worked, 50 federal income tax withheld $850, cumultative earnings for the year prior to current week is $109,250. social securtiy tax rate 6.2% on maximum of $110,100. and Medicare tax rate on all earnings. What is the net pay for the employee?
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 08:05 AM My Price 7.00

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file 1496048067-Answer.docx preview (246 words )
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