An Employee Earns $33 Per Hour

question 116

Short Answer

An employee earns $33 per hour.She worked 53 hours the third week of January.
Calculate the gross pay.
The business is involved in interstate commerce.
Federal Income Tax rate = 20%
State Income Tax rate = 5%
FICA rate OASDI = 6.2% and Medicare = 1.45%
FUTA rate = .8%
SUTA rate = 5.6%
$ ________

---

Definitions:

Economic Incentives

Financial motivators used to influence the behavior of individuals or organizations, often utilized to achieve desired policy outcomes.

Structures and Systems

The organized frameworks and processes within which activities are carried out in an organization to effectively achieve its goals.

Planned Change

Intentional and systematic efforts to transform an organization or specific aspects of it, typically involving structured processes and strategies.

Change Agent

Tries to change the behaviour of another person or social system.