Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. steven inverness's weekly gross earnings for the w

Steven Inverness's weekly gross earnings for the week ending January 18 were $3,780,...

70.2K

Verified Solution

Question

Accounting

Steven Inverness's weekly gross earnings for the week ending January 18 were $3,780, and his federal income tax withholding was $680.00. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to the nearest cent.

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

Physics
1.2K views

A atoms construct F C C type structure in which B atoms occupied all the...

Calculus
1.2K views

Write the quadratic function in standard form f x x 18x 76 f x Sketch...

Civil Engineering
1.2K views

A 250 meter tall vertical concrete tower is exposed to horizontal wind load that deforms it...

Biology
1.2K views

How many background styles are found under the Background Styles option O 10 O 11...

Physics
1.2K views

Which of the following statement is correct Shape of wave front for light diverging from...

Accounting
1.2K views

A Company has set the following standards for the production of one unit of output:...

Accounting
1.2K views

Problem #22: Accounting for Stock Appreciation Rights (SARs) Clark...

Accounting
1.2K views

Discuss the accounting issues associated costing of the assets.

Accounting
1.2K views

A special order generally should be accepted if: A. ts revenue exceeds allocated fixed costs,...

Accounting
1.2K views

eBook Show Me How Print Item Bond discount, entries for bonds payable transactions Instructions Present...

Accounting
1.2K views

Which of the following accounting entries is NOT correct? - If a company purchases...

Finance
1.2K views

perform a financial statment for the two compaines and decide which one is better to...