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During the week ended May 15, 2019, Scott Fairchild worked 40 hours. His regular hourly rate is $14 .Assume that all of his earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. He also has deductions of $31 for federal income tax and $21 for health insurance.
A)What is his gross pay for the week?
B)What is the total of his deductions for the week?
C)What is his net pay for the week?
Flexibility
The ability of a system, process, or entity to adapt to changes, variations, or unforeseen circumstances without significant loss in efficiency or performance.
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The ability of a company, system, or process to quickly react to changes or customer needs.
Cost Savings
The practice of reducing expenses to improve profitability without compromising the quality or performance of goods and services.
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