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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.


Definitions:

Plea Bargaining

A legal process in which the defendant and the prosecutor negotiate a mutually satisfactory outcome of the case, often resulting in the defendant pleading guilty to a lesser charge.

Prosecutor's Constitutional Duty

The responsibility of a prosecutor to uphold the constitution by ensuring justice and the legal rights of all parties in a court.

Voluntary Disclosure

A process where an individual or entity willingly provides information or data without being coerced or obliged by law.

Evidence

Information presented in testimony or in documents that is used to persuade the judge or jury to decide the case in favor of one side or the other.

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