Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. weekly pay in march, he earned $360.00 for the 40

weekly pay in March, he earned $360.00 for the 40 hours he worked. In addition,...

50.1K

Verified Solution

Question

Accounting

weekly pay in March, he earned $360.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($700.00), and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state income tax (2%).

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

Highlight the “real world”significance/importance of the process of identifying unknown bacteria.You should specifically address the importance of...

Medical Sciences
1.2K views

Which of the following are ways CO2 is transported in the blood? A. As bicarbonate (HCO3–) B. As...

Physics
1.2K views

The student observed the Moon to be about 12 degrees west of the Sun. What (major)...

Physics
1.2K views

A block of mass m1 = 1.31 kg and a block of mass m2 = 11.4...

Biology
1.2K views

Question 8 Which of the following characteristics listed below do all fungi have in common...

Physics
1.2K views

A boulder rolls from the top of a mountain, travels across a valley below, and...

Geometry
1.2K views

Wire 1 41 34 ft 38 Wire 2 Based on the given information answer the...

Basic Math
1.2K views

What are the domain and range of the function represented by the set ofordered pairs?{(-13,...

Statistics
1.2K views

Lower Limit 9 98064 Upper Limit 40 71402 2 A local fisherman claims that the...

Accounting
1.2K views

37 15 S422- 7 37 15 S422- 7

Accounting
1.2K views

How to solve with explanation step by step for required 1-15 Oslo...

Accounting
1.2K views

The following information applies to the questions displayed below.] Saskatewan Can Company manufactures...