Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. employee net pay colin mcfarland's weekly gross ea

employee Net Pay Colin McFarland's weekly gross earnings for the week ended April 22 were...

70.2K

Verified Solution

Question

Accounting

employee Net Pay Colin McFarland's weekly gross earnings for the week ended April 22 were $1,604, and his federal income tax withholding was $288.72. Assuming the social security rate is 6% and Medicare is 1.5%, what is Colin's net pay? Note: If required, round your answer to two decimal places.

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

Calculus
1.2K views

A club with nine members is to choose three officers: president, vice-president, and secretary-treasurer. If...

Physics
1.2K views

A point charge 4.20 μC is held fixed at the origin. A second point charge 1.40...

General Management
1.2K views

How can a company use partner relationship management to create a successful business? 400 words+ please

Physics
1.2K views

11 A potentiometer consists of a wire of length 4 m and resistance 20 S2...

Geometry
1.2K views

6 8 U V 10 T S If secant segments SR and TR intersect at...

Algebra
1.2K views

Which figures demonstrate a single translation Select each correct answer S

Accounting
1.2K views

(d) Mary Wallace a credit customer bought $375,000 worth of goods but discovered that twenty...

Accounting
1.2K views

Check my work Exercise 7-8 Percent of receivables method LO P3 Daley Company estimates uncollectible...

Accounting
1.2K views

74.The following selected data relate to the Idaho Division of Far West Enterprises (FWE):Sales revenue$4,580,000Uncontrollable...

Accounting
1.2K views

Question 8 of 12 View Policies Current Attempt in Progress Adjusting entries are necessary...

Accounting
1.2K views

At December 31, 2021, Sandhill Imports reported this information on its balance sheet. Accounts receivable...

Finance
1.2K views

Rebox Co. is considering a new project which would start immediately and last four years....