BU250 Unit 5 Assignment

# BU250 Unit 5 Assignment - BU250-16AU: Business Math...

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BU250-16AU: Business Math Professor: David Jurczak Student: Aurelia Wilburn Chapter 7, Unit 5 Assignment January 12, 2010 Challenge Problem (page 262) : Complete Janice’s timecard: Weekly Time Card CHD Company Name: Janice Anderson SS# 000-00-0000 Pay for Period Ending: 8-10-2010 Date In Out In Out Total Reg. Hours Total OT Hours M 8/4 7:00 11:00 11:30 7:30 8 4 Tu 8/5 8:00 12:00 12:30 4:30 8 0 W 8/6 8:00 12:00 12:30 4:30 8 0 Th 8/7 7:00 11:00 12:30 5:30 8 1 F 8/8 8:00 12:00 12:30 4:30 8 0 Sa 8/9 7:00 12:00 0 5 Su 8/10 0 0 Hours Rate Gross Pay Regular 40 9.75/hour \$390.00 Overtime (1.5x) 10 14.63/hour \$146.30 Overtime (2x) 0 0 N/A Total 50 \$536.30 Find Janice’s net pay if she is married ad claims one withholding allowance: Tax Calculation Amount of Withholding Social Security Tax Withholding: \$536.30 (0.062) = \$33.25 Medicare Tax Withholding: \$536.30 (.0145) = \$7.78 Income Tax Withholding: = \$33 Total Withholdings: = \$74.03 Net Earnings = Gross Earnings – Total Deductions \$536.30 – \$74.03 = \$462.27 (Net earnings)

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## This note was uploaded on 04/18/2011 for the course BU 250 taught by Professor Myer during the Spring '09 term at Kaplan University.

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BU250 Unit 5 Assignment - BU250-16AU: Business Math...

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