Question: Sara Simpson worked 45 hours last week at $26.75 per hour. Her company pays time and a half overtime for all hours over 40 per
- Sara Simpson worked 45 hours last week at $26.75 per hour. Her company pays time and a half overtime for all hours over 40 per week. Find her gross earnings for the week
- Find the net price (net cost) if a purchase with a list price of $450 has a series trade discount of 20/10/5.
- Walter's widgets received a bill for merchandise with a net price of $7,170.26. Walter is offered a 2% cash discount if he pays within 10 days of the invoice date. He doesn't have enough to pay the full amount, so he makes a partial payment of $4,000 on day 9. Find the amount credited for the partial payment and find the outstanding balance.
Amount credited:
Outstanding balance:
- Tad Hallway received a bill for $765 dated May 4th for goods received on June 10th. The terms of sale on the invoice were 2/10,n45 ROG. What is the last day that Tad can receive a cash discount for this order?
- Jerrod Smith's gross earnings this pay period were $1350. Jerrod is paid weekly and he is single with 2 withholding allowances. His year-to-date is $59,875. Find his social security, medicare, and federal withholding tax deduction for this pay period.
Social Security:
Medicare:
Federal Withholding Tax:
- A jacket costs $150. What is the selling price if the markup is 45% of the selling price?
- Jill's Dress Shop purchased merchandise worth $1,265 with an invoice date of November 27. Jill paid the bill on December 11. The sales terms are 2/15,n/30.
Will Jill get the cash discount?
Find the net amount due?
- Hobby Hut has three employees. Find the amount subject to FUTA and the amount of the FUTA for this pay period for each employee.
If you are unable to fill in the table, put your answers in your work.
- EmployeeYear-to-date
- Gross this pay period
- Subject to FUTA
- FUTA
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To calculate Sara Simpsons gross earnings for the week we need to consider her regular pay for the first 40 hours and overtime pay for the additional 5 hours Regular pay hours worked regular rate 40 h... View full answer
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