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:

Subarachnoid Space

The area between the arachnoid mater and pia mater around the brain and spinal cord, filled with cerebrospinal fluid.

Dural Venous Sinus

Channels located within the dura mater layer of the meninges that drain venous blood from the brain and transport it into the internal jugular vein.

Subdural Space

The area between the dura mater and the arachnoid mater of the brain, potentially a site for hematomas following head injury.

Cerebellum

The part of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating muscular activity.