Pay/Time
Convert the following times to hourly decimal and round to the nearest quarter hour:
1. 10 minutes
2. 1 hour and 24 minutes
3. 3 hours and 53 minutes
1. 10 minutes is closest to 15 minutes which is 0.25 hours
2. 1 hour and 24 minutes is closest to 1 hour and 30 minutes which is 1.50 hours
3. 3 hours and 53 is closest 4 hours which is 4.00 hours
Find the Social Security and Medicare taxes of the following:
Salary - $300,102.35
Social Security: $176,100 x 0.062 = $10,918.20
Medicare: $300,102.35 x 0.0145 = $4,351.48
What is Mr. Almonte's middle initial?
C for Cantano
How many oceans are there in the world?
There are 5 (Pacific, Atlantic, Indian, Antarctic, and Artic)
Find the Total Pay for the day after working 8 hours and 3 hours time and a half using $14.67 per hour
$14.67 x 8 hours = $117.36 STP
$14.67 x 1.5 = $22.01 Overtime Rate
$22.01 x 3 = $66.03 Overtime Pay
$117.36 STP + $66.03 = $183.38 Total Pay
Find the graduated state income tax using the following:
Salary: $45,000.72
Married and 2 dependents
1.2% of the first $10,000
3.5% of the next $20,000
4.9% of anything over $30,000
$45,000.72 - ($4000 + $1800) = $39,200.72
$10,000 x 0.012 = $120
$20,000 x 0.035 = $700
$9,200.72 x 0.049 = $450.84
$120 + $700 + $450.84 = $1,270.84 annual state tax
How many beanies did Mr. Almonte wear to school?
3
What is the number 1 selling album of all time?
Thriller by Michael Jackson
Fill out the time sheet and find the total time:
Monday - 7:13am to 8:15am
Tuesday - 2:26pm to 6:19pm
Friday - 8:45am to 4:04pm
Monday: 1hr and 2 mins -> 1.00 hr
Tuesday: 3 hrs and 53 minutes -> 4.00 hrs
Friday: 7 hrs and 19 minutes -> 7.25 hrs
Total time: 1.00 + 4.00 + 7.25 =12.25 hrs
Find the federal income tax using the following:
Salary: $150,102.23
Above the Line Adjustments: $300.10 in tuition fees, $1,298.20 in business expenses
Standard Deductions: Single
Child Tax Credit: 1 dependent under 17 and 1 dependent over 17
$150,102.23 - ($300.10+$1,298.20) = $148,503.93
AGI
$48,503.93 - $15,000 = $133,503.93 TI
$11,925 x 0.10 = $1,192.50
$36,550 x 0.12 = $4,386
$54,875 x 0.22 = $12,072.50
$30,153.93 x 0.24 = $7,236.94
$1,192.50 + $4,386 + $12,072.50 + $7,236.94 = $24,887.94 Tax before Credits
$24,887.94 - ($2000 + 500) = $22,387.94 annual federal income tax
What year did Mr. Almonte graduate high school?
Sharks, Class of 2015
In Avatar: The Last Airbender, what element is Aang unable to master at the beginning of the series?
The Earth element