Jim Janney Is Paid $6 Per Hour, Plus Double-Time for Hours

question 21

Essay

Jim Janney is paid $6 per hour, plus double-time for hours worked on weekends. During the two-week period ending February 5, Janney worked 70 hours on weekdays and 8 hours on weekends. Social security taxes are 6.2 percent, Medicare taxes are 1.45 percent, $65 is withheld for federal taxes, $18 is withheld for state income taxes, and $24 is withheld for charities. In addition, Janney's employer must pay social security taxes of 6.2 percent, Medicare taxes of 1.45 percent, federal unemployment taxes of .8 percent, and state unemployment taxes of 5.4 percent. Calculate (a) Janney's gross earnings, (b) Janney's net pay, (c) the employer's payroll taxes expense, and (d) the total cost of employing Janney for the two-week period. Round all amounts to the nearest penny.

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Definitions:

Ventricles

Chambers of the heart that receive blood from the atria and expel it to the lungs and rest of the body, or, in brain anatomy, cavities filled with cerebrospinal fluid.

Refractory Period

Period following effective stimulation during which excitable tissue, such as heart muscle, fails to respond to a stimulus of threshold intensity.

Cardiac Muscle

Muscle tissue found only in the heart, characterized by its ability to contract involuntarily and rhythmically.

Tetanic Contractions

Sustained muscle contractions that occur when the muscles do not relax between stimuli, leading to a smooth and steady contraction.