Question 1

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Ann Coulter started to work for the Laurie Co. in January of this year as an executive. Her salary is $13,500.00 per month. What will be the withholding for social security and Medicare for Ann for the month of May of this year?

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Question 2

Mari's base pay rate is $14.50 per hour, with over time paid at time-and-a-half. Find her gross pay if she worked 52 hours Monday through Saturday and 5 hours of over time on Sunday. (Round to the nearest cent)

Accepted Answer

The answer of Mari's base pay rate is $14.50 per...

Question 3

Frank McDonald sells computer systems for United Electronics. He is on an incremental commission schedule of 1.6% of sales up to $150,000 and 2.4% on sales over $150,000. What was Frank's total gross pay for last month if his sales volume was $269,500?

Accepted Answer

The answer of Frank McDonald sells computer systems for United...

Question 4

Brian Walker works for a company that manufactures electric switches. He is paid on a differential piecework schedule as follows: 1−50 switches, $2.50 per switch; 51−100 switches, $3.50 per switch; and over 100 switches, $4.75 per switch. What is Brian's total gross pay if he produced 167 switches this week?

Accepted Answer

The answer of Brian Walker works for a company that...

Question 5

Thomas Getz is a salesman for Sharp Furniture Co. He is paid a 3.4% straight commission with $1,500.00 drawing account. If he receives the draw at the beginning of the month and then sells $183,200.00 during the month, how much commission is owed to Thomas?

Accepted Answer

The answer of Thomas Getz is a salesman for Sharp...

Question 6

Lonnie Watkins has gross earnings of $1,400.00 semi-monthly. If his company switches pay schedules from semimonthly to biweekly, what are Lonnie's new gross earnings per pay period? (Round to the nearest cent)

Accepted Answer

The answer of Lonnie Watkins has gross earnings of $1,400.00...

Question 7

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Jenna Bernstein earns $2,823.00 per month. What are the withholdings for social security and Medicare for Jenna for the month of January? (round to the nearest cent)

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Question 8

Jerome's monthly salary is $4,302. What would be his equivalent biweekly salary? (Round to the nearest cent)

Accepted Answer

The answer of Jerome's monthly salary is $4,302. What would...

Question 9

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Jane Loprest is self-employed with an annual salary of $49,200.00. In addition to the social security and Medicare tax, her estimated federal income tax rate is 14%. How much quarterly estimated tax must Jane send to the IRS each quarter?

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Question 10

As a sales person for Four Paws Pet Supply, Karen receives a straight commission of 5.2%. If she sells $23,400.00, what is her total gross pay?

Accepted Answer

The answer of As a sales person for Four Paws...

Question 11

As a sales person for Copper Penny Amusements, Clyde receives a straight commission of 7.4%. If he sells $42,128, what is his total gross pay?

Accepted Answer

The answer of As a sales person for Copper Penny...

Question 12

Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?

Accepted Answer

The answer of Ornell sells televisions for Bay City Electronics....

Question 13

Barron Foster is a salesman for a new car dealer. He is paid 4.5% straight commission with $1,900.00 drawing account. If he receives the draw at the beginning of the month and then sells $205,110.00 during the month, how much commission is owed to Barron?

Accepted Answer

The answer of Barron Foster is a salesman for a...

Question 14

Matthew Cone is a salesman for Ace Leasing. He earns a salary of $800.00 per month, plus a commission of $$5 \frac { 1 } { 2 } \%$$ on all sales over $10,000.00. If Matthew sold $28,260.00 last month, what was his total gross pay?

Accepted Answer

The answer of Matthew Cone is a salesman for Ace...

Question 15

Melissa Grossman is the manager of a video store and earns $9.50 per hour with time-and-a-half for overtime and double-time on Sundays. What is Melissa's total gross pay for last week if she worked 43 hours Monday through Saturday, plus a 5-hour shift on Sunday?

Accepted Answer

The answer of Melissa Grossman is the manager of a...

Question 16

Kate's monthly salary is $3,520.00. What would be her equivalent biweekly salary? (Round to the nearest cent)

Accepted Answer

The answer of Kate's monthly salary is $3,520.00. What would...

Question 17

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Edgar is paid $3,200.00 biweekly. So far this year he has earned $22,400.00. What will be the total deduction for social security and Medicare taxes on his next paycheck?

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Question 18

Use the percentage method of income tax calculations to complete the payroll roster: $$\begin{array} { l l l l l l } 
& \text { Marital } & \text { Withholding } & \text { Pay } & \text { Gross } & \text { Income Tax } \
\underline{\text { Employee} } & \underline{\text { Status }} &\underline{ \text { Allowances }} &\underline{ \text { Period }} &\underline{ \text { Earnings }} &\underline{ \text { Withholding } }\  
\text { Jones, M. } & \text { M } & 5 & \text { Biweekly } & \$ 2,014.00 &
\end{array}$$

Accepted Answer

The answer of Use the percentage method of income tax...

Question 19

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. David Wheeler earns $3,200.00 per month. His Federal Income Tax withholding is $593.00. In addition to social security and Medicare, David also pays 2.3% state income tax, $$\frac { 1 } { 2 } \%$$ for state disability insurance (both based on gross earnings), $16.18 for union dues, and $23.50 for term life insurance. What is David's net take-home pay for January?

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Question 20

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Karen Forstrom has biweekly gross earnings of $2,920.00. What are her total social security and Medicare tax withholdings for an entire year?

Accepted Answer

The answer of Narrative 9-2
Use the information below to solve...

Quiz 9: Payroll

Mari's base pay rate is $14.50 per hour, with over time paid at time-and-a-half. Find her gross pay if she worked 52 hours Monday through Saturday and 5 hours of over time on Sunday. (Round to the nearest cent)

Frank McDonald sells computer systems for United Electronics. He is on an incremental commission schedule of 1.6% of sales up to $150,000 and 2.4% on sales over $150,000. What was Frank's total gross pay for last month if his sales volume was $269,500?

Thomas Getz is a salesman for Sharp Furniture Co. He is paid a 3.4% straight commission with $1,500.00 drawing account. If he receives the draw at the beginning of the month and then sells $183,200.00 during the month, how much commission is owed to Thomas?

Lonnie Watkins has gross earnings of $1,400.00 semi-monthly. If his company switches pay schedules from semimonthly to biweekly, what are Lonnie's new gross earnings per pay period? (Round to the nearest cent)

Jerome's monthly salary is $4,302. What would be his equivalent biweekly salary? (Round to the nearest cent)

As a sales person for Four Paws Pet Supply, Karen receives a straight commission of 5.2%. If she sells $23,400.00, what is her total gross pay?

As a sales person for Copper Penny Amusements, Clyde receives a straight commission of 7.4%. If he sells $42,128, what is his total gross pay?

Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?

Barron Foster is a salesman for a new car dealer. He is paid 4.5% straight commission with $1,900.00 drawing account. If he receives the draw at the beginning of the month and then sells $205,110.00 during the month, how much commission is owed to Barron?

Matthew Cone is a salesman for Ace Leasing. He earns a salary of $800.00 per month, plus a commission of $5 \frac { 1 } { 2 } \%$ on all sales over $10,000.00. If Matthew sold $28,260.00 last month, what was his total gross pay?

Melissa Grossman is the manager of a video store and earns $9.50 per hour with time-and-a-half for overtime and double-time on Sundays. What is Melissa's total gross pay for last week if she worked 43 hours Monday through Saturday, plus a 5-hour shift on Sunday?

Kate's monthly salary is $3,520.00. What would be her equivalent biweekly salary? (Round to the nearest cent)

Quiz 9: Payroll

Mari's base pay rate is $14.50 per hour, with over time paid at time-and-a-half. Find her gross pay if she worked 52 hours Monday through Saturday and 5 hours of over time on Sunday. (Round to the nearest cent)

Frank McDonald sells computer systems for United Electronics. He is on an incremental commission schedule of 1.6% of sales up to $150,000 and 2.4% on sales over $150,000. What was Frank's total gross pay for last month if his sales volume was $269,500?

Thomas Getz is a salesman for Sharp Furniture Co. He is paid a 3.4% straight commission with $1,500.00 drawing account. If he receives the draw at the beginning of the month and then sells $183,200.00 during the month, how much commission is owed to Thomas?

Lonnie Watkins has gross earnings of $1,400.00 semi-monthly. If his company switches pay schedules from semimonthly to biweekly, what are Lonnie's new gross earnings per pay period? (Round to the nearest cent)

Jerome's monthly salary is $4,302. What would be his equivalent biweekly salary? (Round to the nearest cent)

As a sales person for Four Paws Pet Supply, Karen receives a straight commission of 5.2%. If she sells $23,400.00, what is her total gross pay?

As a sales person for Copper Penny Amusements, Clyde receives a straight commission of 7.4%. If he sells $42,128, what is his total gross pay?

Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?

Barron Foster is a salesman for a new car dealer. He is paid 4.5% straight commission with $1,900.00 drawing account. If he receives the draw at the beginning of the month and then sells $205,110.00 during the month, how much commission is owed to Barron?

Matthew Cone is a salesman for Ace Leasing. He earns a salary of $800.00 per month, plus a commission of 512%5 \frac { 1 } { 2 } \%521​% on all sales over $10,000.00. If Matthew sold $28,260.00 last month, what was his total gross pay?

Melissa Grossman is the manager of a video store and earns $9.50 per hour with time-and-a-half for overtime and double-time on Sundays. What is Melissa's total gross pay for last week if she worked 43 hours Monday through Saturday, plus a 5-hour shift on Sunday?

Kate's monthly salary is $3,520.00. What would be her equivalent biweekly salary? (Round to the nearest cent)

Matthew Cone is a salesman for Ace Leasing. He earns a salary of $800.00 per month, plus a commission of $5 \frac { 1 } { 2 } \%$ on all sales over $10,000.00. If Matthew sold $28,260.00 last month, what was his total gross pay?