Exercise 11-9 Maria Garza s regular hourly wage rate is $13.00, and she receives
ID: 2529666 • Letter: E
Question
Exercise 11-9 Maria Garza s regular hourly wage rate is $13.00, and she receives a wage of 1 ½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Maria worked 47 hours. Her gross earnings prior to the current week were 56,800. Maria is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. MARRIED Persons- WEEKLY Payroll Period if the wages are- At least than For Wages Paid through December 2017 And the number of withholding allowances claimed is- But less 01 2 3 456 7 8 910 510 34 27 19 11 4 0 00 0 00 520 35 28 20 12 5 0 000 00 530 37 29 21 13 6 540 38 30 22 14 7 0 000 00 550 40 31 23 15 8 0 000 00 510 520 560 570 580 590 600 47 36 28 20 13 5 00 0 0 0 560 41 32 24 16 910 0 0 00 570 43 33 25 7 10 2 000 00 580 44 34 2618 11 3 000 0 0 590 46 35 2719 12 4 0 000 0 9 49 38 2921 14 6 0 00 0 0 600 610 610 620 50 39 30 22 15 7 0 000 0 630 52 41 31 23 16 8 00 00 640 53 42 32 24 17 9 20 0 00 650 55 44 3325 18 10 00 0 0 630 660 56 45 34 26 1911 4 0 0 00 670 58 47 35 27 20 12 50 0 00 680 59 48 3728 21 13 6 00 0 0 690 61 50 38 29 2214 700 62 51 40 30 23 158 0 0 00 670 680 7 0Explanation / Answer
1.Compute the following amounts for Maria’s wages for the current week. (Assume FICA rate of 7.65% on maximum of $110,100. Use the withholding tax table for Federal income taxes. Assume rate of 3% for State income taxes. Round answers to 2 decimal places, e.g. 15.25.)
1.
Overtime =7 Hours
Gross Earning=(40*13)+(7*19.5)=520+136.5=$656.5
(1) Gross earnings $656.5 (2) FICA taxes $50.22 (3) Federal income taxes withheld $48.69 (4) State income taxes withheld $13.13 (5) Net pay $544.46Related Questions
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