Question and answer
120,000 was paid to 16 salesmen in override commission, how much will each get. How much will go towrd social security tax & how much to medicare
In that case: (a) the average amount paid to each salesperson = $120,000/16 = $7500; (b) Social Security Tax = 6.2% * 7500 = $465; (c) Medicare = 1.45% * 7500 = $108.75
Expert answered|jeifunk|Points 6285|
Question
Asked 9/7/2012 3:23:14 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
f
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
if a company payes out $120,000 and divide it by 16 salesmen, when medicare is calculated do we use the amount of 120,000
Weegy: No, the average amount paid to each salesperson = $120,000/16 = $7500; You will get it from $7500. (More)
Question
Expert Answered
Asked 9/7/2012 3:17:12 PM
0 Answers/Comments
37,309,595
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
Points 585 [Total 585] Ratings 0 Comments 585 Invitations 0 Offline
S
L
P
L
P
Points 515 [Total 5971] Ratings 2 Comments 495 Invitations 0 Offline
S
L
P
L
P
R
Points 353 [Total 5956] Ratings 1 Comments 343 Invitations 0 Offline
S
L
Points 156 [Total 1697] Ratings 0 Comments 156 Invitations 0 Online
S
L
Points 150 [Total 305] Ratings 6 Comments 90 Invitations 0 Offline
S
L
Points 146 [Total 738] Ratings 1 Comments 136 Invitations 0 Offline
S
L
Points 140 [Total 140] Ratings 0 Comments 140 Invitations 0 Offline
S
L
R
Points 135 [Total 2232] Ratings 2 Comments 105 Invitations 1 Offline
S
L
Points 133 [Total 469] Ratings 0 Comments 133 Invitations 0 Offline
S
L
R
R
Points 119 [Total 2432] Ratings 1 Comments 109 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.