Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chris receives an annual salary of $89,760.00 base

Chris receives an annual salary of $89,760.00 based on a 36-hour workweek comprised of four,...

90.2K

Verified Solution

Question

Accounting

Chris receives an annual salary of $89,760.00 based on a 36-hour workweek comprised of four, nine-hour days. She has two hours of
overtime at time-and-a-half and did not work the mandatory holiday.
Lawrence is paid $35.50 per hour based on eight-hour days and a 40-hour workweek. All premium wages are paid at regulatory
minimums. From Sunday to Saturday, he worked 8,0,8,8,8,3, and 8 hours, respectively. He will not receive another day off in lieu
for the mandatory holiday.
Greg receives a graduated commission of 2.25% on his first $100,000 in sales and 4.15% on anything higher. His sales during one
week were $123,000. Ignore his holiday or mandatory earnings in your calculations.
Gunnar is paid a straight piecework wage of $2.24 per unit produced. He worked a total of 30 hours during the week, producing one
unit every five minutes. Ignore his holiday or mandatory earnings in your calculations.
The Maine state tax rate for all employees in this scenario is 5.8%.
Social Security tax rate is 6.2% for the employee, and 6.2% for the employer.
The Medicare tax rate us 1.45% for the employee, and 1.45% for the employer.
The Federal tax rate for all employees in this scenario is 22%

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

Statistics
1.2K views

The length of Terry s fish is millimeters X e Terry caught a two year...

Biology
1.2K views

Which of the following statements suggests why a tropicalrainforest is more likely to survive a...

Basic Math
1.2K views

Chapter 9 The tolerance of position to control coaxiality may apply at choose your answer...

Basic Math
1.2K views

Fill in the Blank Question False predictions that become true because they lead people to...

Calculus
1.2K views

Find the area of the region bounded above by y x 8 and below by...

Calculus
1.2K views

11 Find the exact values of the sine and cosine for the angle hyp a...

Algebra
1.2K views

24 Analyze the following graph of a system of two equations Determine the x and...

Algebra
1.2K views

Consider the following f x 1 X 4 a State the domain of the function...

Accounting
1.2K views

If the lease is classified as operating, the lessor will depreciate the leased asset Select...

Accounting
1.2K views

CASE NO#1-FINANCIAL STATEMENTS Kroger Inc. is an American multinational retail corporation that operates a...

Accounting
1.2K views

please help/show work trying to learn! Consider the following...

Accounting
1.2K views

what is the value of B? Transportation Method -. No Backorders...