Question: Question 34 (2 points) During one week ended March 8, 2016, Arnold Duke worked 40 hours. His regular hourly rate is $18. These earnings are

Question 34 (2 points)

Question 34 (2 points) During one week ended March 8, 2016, Arnold

During one week ended March 8, 2016, Arnold Duke worked 40 hours. His regular hourly rate is $18. These earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. This employee also has some deductions including: $63 for federal income tax and $78 for health insurance. What is his net pay for the week?

Question 34 options:

$111.78

$664.92

$523.92

$720

Question 35 (2 points)

Duke worked 40 hours. His regular hourly rate is $18. These earnings

During one week ended March 8, 2016, Jesica Lobos worked 40 hours. His regular hourly rate is $18. These earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. This employee also has some deductions including: $53 for federal income tax and $64 for health insurance. What is the amount of his Medicare Tax deduction for the week?

Question 35 options:

$44.64

$20.98

$104.4

$10.44

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!