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Math HW11 - Research Paper Example

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Math HW11

Management estimates that the average cost of replacing or repairing a defective unit is $20. The units sold and units defective that occurred during the last 2 months of 2008 are as follows.
Joyce Kieffer's regular hourly wage rate is $15, and she receives a wage of 1 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period Joyce worked 42 hours. Her gross earnings prior to the current week were $6,000. Joyce is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week.
Compute the following amounts for Joyce's wages for the current week. (1) Gross earnings. (2) FICA taxes. (Assume an 8% rate on maximum of $90,000.) (3) Federal income taxes withheld. (Use the withholding table in the text, page 483.) (4) State income taxes withheld. (Assume a 2.0% rate.) (5) Net pay. (Round answers to 2 decimal places.)
According to a payroll register summary of Ruiz Company, the amount of employees' gross pay in December was $850,000, of which $90,000 was not subject to FICA tax and $750,000 was not subject to state and federal unemployment taxes. ...Show more

Summary

Guyer Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2008, Guyer sells 12,000 subscriptions beginning with the December issue. Guyer prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter…
Author : fhudson
Math HW11 essay example
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