Question: Help me solve this I All parts showing deductions include witheid income tax of 40%, FlCA tax, and a weeky deduction of $9 for a
Help me solve this I All parts showing deductions include witheid income tax of 40%, FlCA tax, and a weeky deduction of $9 for a chartable contrbubon to United Way, Stanton worked 55 hours durng the weok. Read the reguirements expense. Businesses pay employees at a base zate for a sot peried-called straight ime. For addechal hours-overtime- the employes may get a higher pay rate. depending on the job dassifcation and wage and hour laws. Two pay amounts are importiant for accountre purposes goss pay and not pay Gross pay is fo totat amount of salary, wages, commissions, and benuses eamed by the employee during a pay poriod, before taxes or any other deductions. Grous pay is an expense to the employer. Net pay (elso called take-home pay is the amount the employee gets to keep. Net pary equals gross pay rinus all deductions such as income tax withheld. Requrement 1. Compule Stanlori's gross pay and net pay for the week Assuene eamings to date are $15,000 Begin by computing Stantors gross pay for the week in our problem, we ave told that Henry Stanton is paid $17 per hour for a 40 -hour workweok and time-and-a-hal Now compula stantons net pay for the week. The federal government, most states, and many muniopalites tequire empleyers to deduct taxes from employee paychecks Amounts werheld trom paychocks are. two categories
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