Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the san bernardino county fair hires about 150 peo

The San Bernardino County Fair hires about 150 people during fair time. Sandy Denny earns...

70.2K

Verified Solution

Question

Accounting

The San Bernardino County Fair hires about 150 people during fair time. Sandy Denny earns $13.80 per hour; George Barney earns
$14.80 per hour. They both worked 39 hours this week. Both are married; however, Sandy files jointly and George files separately.
Assume a rate of 6.2% on $147,000 for Social Security and 1.45% for Medicare. Assume state income tax rate to be 9%.
Required:
a. What is Sandy's net pay after FIT (use the Table 7.1), Social Security tax, state income tax, and Medicare have been taken out?
Note: Round intermediate calculations and final answer to the nearest cent.
b. What is George's net pay after FIT (use the Table 7.1), Social Security tax, state income tax, and Medicare have been taken out?
Note: Round intermediate calculations and final answer to the nearest cent.
c. What is the difference between Sandy's net pay and George's net pay?
Note: Round your intermediate calculations and final answer to the nearest cent. Enter your answer as a positive value.
image

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

Biology
1.2K views

Helminths have different life stages. How may this impact the treatment of helminthic diseases ? How...

Chemistry
1.2K views

Part A: Using your graduated cylinder, you calibrate the pipet you will be using and the...

Psychology
1.2K views

What are some of the limitations of using reinforcement and punishment

Physics
1.2K views

A 14 mm high object is 11 cm from a concave mirror with focal length 16...

Physics
1.2K views

A group of 12 resistors is arranged along the edges of a cube as shown...

Physics
1.2K views

20 An asteroid was located at a distance of 5R with respect to earth s...

Basic Math
1.2K views

Find the slope of the line passing through the points (-8, -3) and (-3, 4).

Algebra
1.2K views

5 When is the expression an equal to zero O when x is zero O...

Algebra
1.2K views

Find the smallest possible set that is the set with the least number of elements...

Accounting
1.2K views

An inventory taken the morning after a large theft discloses $60,000 of goods on hand...

Finance
1.2K views

The Campbell Company is considering adding a robotic paint sprayer to its production line. The...

Finance
1.2K views

Texas Insturments currently has bonds that will mature in 5 years paying 4% semi-annual coupons....