O $73,440 O $98,600 D Question 62 Hank earns $24.00 per hour with time-and-a-hal

Question

O $73,440 O $98,600 D Question 62 Hank earns $24.00 per hour with time-and-a-halt for hours in excess of 40 per wesk He wke hours at his job during the frst week of March 2018. Hark pays in ime umsatsat? OASDI income is taxable under FICA. Determine Hank's net py for he week. (Do not round any intermediate calculations, and round your fal anw to th and Medicare All of his $835.80 $1122.00 $799.80 O $1021.02 D | Question 63 Albert, Billy, and Cathy share prohts and losses of their partnenshig as 143reeve income is $30,000, calculate Albert's share of the profits.(Do not round any $11,250

Explanation / Answer

62 Gross pay 1320 =(40*24)+(10*24*1.5) Deductions: Income tax 198 =1320*15% OASDI and medicare 100.98 =1320*7.65% Total Deductions 298.98 Net pay 1021.02 Option 4 is correct

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