The next few questions is based on the monthly payroll record of Division S and...
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Accounting
The next few questions is based on the monthly payroll record of Division S and Agency A (see below). Refer to the following facts when answering questions.
All Agency A employees are paid biweekly on the 5th (for wages earned during the payperiod of the previous month's 16 through month end) and the 20th (for wages earned during the payperiod of the 1st through 15).
Overtime is paid at the rate of 1 times regular salary. Monthly deductions remain the same percentage of gross earnings. For instance, an employee whose regular salary is $1000 has 10% or $100 withheld for federal taxes. If the same employee earns $200 in overtime, his federal tax deduction would be $120, or 10% of $1200.
In converting monthly salaries to hourly rates, compute on the basis of 173.33 working hours in a month.
Rons monthly federal tax deduction is exactly one and a half times the sum of his state tax and miscellaneous deductions. How much federal tax would be deducted per pavcheck?
Six hundred dollars is garnished from Cats monthly earnings for child support by court order. Cats federal tax deductions are 25% of the amount resulting from the subtraction of the garnishment from his gross wages. The amount of Cats monthly federal tax deduction is:
Jon takes home $792.55 each pay period. How much is his monthly miscellaneous deduction?
Division Ss clerk has no state taxes deducted. What is his yearly take home pay?