An Employee Earns $40 Per Hour and 1

question 180

Essay

An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and the federal income tax to be withheld was $614.​
(a) Determine the gross pay for the week.
(b) Determine the net pay for the week.

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Definitions:

Biological Evolution

The process through which different kinds of living organisms are thought to have developed from earlier forms during the history of the earth.

Cannibals

Individuals or groups who consume the flesh of their own species, often considered a taboo or controversial behavior in many cultures.

Proscribing Killing

Instituting a prohibition or ban against the act of causing death, typically in the context of laws or moral guidelines.

Justifiable Exceptions

Circumstances that deviate from the rule but are considered acceptable or defensible based on rational or moral grounds.