Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume that josh earns $72.00 per hour, that he wo

Assume that Josh earns $72.00 per hour, that he worked 40 hours this week. The...

80.2K

Verified Solution

Question

Accounting

Assume that Josh earns $72.00 per hour, that he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings are subject to both FICA taxes. Also, $450 in income taxes and $60 of union dues are withheld. Joshs take-home pay should be:

A.

$2,370.00
B.

$2,659.20
C.

$2,149.68
D.

$2,880.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Who was HM, what happened to him, and how was our knowledge of learning and memory...

Physics
1.2K views

2 8 One mole of a gas expands obeying the relation as shown in P...

Basic Math
1.2K views

What is the present worth of these future payments a 25 500 eight years from...

Basic Math
1.2K views

Uma uses 5 gallons of red paint for every 2 pints of green paint. What...

Basic Math
1.2K views

Write in slope intercept form: 2x + y = 2y=2x+2y=-2xy = -2x + 2y=-2x -...

Basic Math
1.2K views

Sets D and H are defined as follows.D = {0, 2, 3, 4, 6}H={-1, 1,...

Statistics
1.2K views

3 The random variable X has the following discrete probability distribution X 1 3 5...

Calculus
1.2K views

In June 2010 the population of a large country was about 308 5 million people...

Accounting
1.2K views

When Patey Pontoons issued 10% bonds on January 1,2024, with a face amount of $880,000,...

Accounting
1.2K views

Questions 32-33 use the information that follows. Argentina Corporation has three divisions: Pulp, Paper, and...

Accounting
1.2K views

8 L A Moving to another question will save this response. Question 7 I HB...

Accounting
1.2K views

Crowley Building Supply sells various building materials to retail outlets. The company has just approached...