Catty is employed with the Marks Corp. She earns a salary of $200 a week, as well as a commisson of 1 1/2 percent of sales. Her commission last month was $840. She will recieve one-fourth of that amount this week in her gross earnings. She is married, has five children, but only claims three exemptions. She also earns $40 a week by doing artwork on the side out of her own home. She collects this income in cash. Catty has earned $14,900 to date from her sales for the Marks Corporation and $3,880 for her artwork. She has $47 taken out of her paycheck each week for savings and $100 is directly deposited into her bank account. What is her paycheck amount for the week?
Please show all work and the answer 2 so i can check my work!!!
2007-12-10 18:23:15 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The question is answerable, but you have to make certain assumptions not in the question. Those assumptions would be: (1) there is no state income tax, and (2) what filing status she claimed on her W4 (ie: MFJ, MFS, Single). We know she is married, but we don't know if that is what she put on her W4.
As a further hint, there is extraneous information in the question which you must filter out.
I would recommend that you post your answer along with your reasons. We could then critique your answer and computations.
2007-12-11 01:35:10 · answer #1 · answered by taxreff 7 · 0⤊ 0⤋
No way to tell as you didn't include the information on tax rates, etc.
2007-12-11 07:29:18 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋