If the variable is negative, we multiply all the terms by minus one. We can extract an equation from a statement as long as we analyze it and identify the variable.Answer and Explanation: Given: Hourly earnings: {eq}\$15 {/eq} Required: the minimum...
Salary is associated with employee compensation quoted on an annual basis, such as $50,000 per year. Many employees working in a company’s general office will be paid a salary. Often the salaries are paid semi-monthly. That is, one pay date will be the 15th day of the month for worki...
So gross income is the amount someone is paid before deductions. Net income is what’s left after those deductions. That’s why it’s referred to as take-home pay. For example, let’s say John earns $50,000 per year. After his deductions and taxes are taken out, he may only take ...
Meanwhile, average hourly earnings increased only 5% over the same period. Many of us are spending more of our pay on food compared to last year. Here’s how much more you’re paying now compared to a year ago: Cereals and bakery products – up 16.4% Dairy and related products – up...
This equals 7.65% in FICA taxes per paycheck (until the Social Security wage base is reached), which you are legally obligated to match.Some employees may also be subject to Additional Medicare tax. Starting with the pay period in which an individual’s earnings exceed $200,000, you must ...
Your gross pay is the amount of money that you earn before any deductions are taken out. When a job advertises that its employees make $50,000 per year, it is before any deductions. If you make $20 per hour and work 40 hours per week, you earn a gross pay of $800 per week. Ho...
For example, if someone earns £50,000 a year and gets paid monthly, their gross pay will be £4166.66. To calculate gross pay for workers who are paid at an hourly rate, simply multiply the hourly rate by hours worked during a payment period. For example, someone who works 40 ...
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hiring 1 more. The hourly wage for an employee is $30 per hour. An average Of all females who were murdered at work, what percentage were ...
For example, a person who is 30 years old and has $50,000 invested with a fee-only advisor who charges 1% of AUM would pay about $500 per year for the advisor's services. However, some years later the portfolio might have grown to $300,000. The 1% fee grows to $3,000 per year...
The law requires that overtime hours over 40 hours per week be paid at one-and-a-half times the regular hourly rate. Some employees are exempt from the FLSA and the Act doesn't apply toindependent contractorsor volunteers because they're not considered employees.3 Some hourly workers aren't...