f webassign.net Ch. 09 Quiz: Payroll CEOS see pay grow 1,000%, an... Chapter09 Business Math BUS... Mind Tap Cengage Learning Viewing Saved Work Revert to Last Response Cengage Learning Ch. 09 Quiz:...

what are the equations to solve these?

Extracted text: f webassign.net Ch. 09 Quiz: Payroll CEOS see pay grow 1,000%, an... Chapter09 Business Math BUS... Mind Tap Cengage Learning Viewing Saved Work Revert to Last Response Cengage Learning Ch. 09 Quiz: Payroll BUS-20,... 7. [-/0.62 Points] DETAILS BRECMBC9 9.1.029. MY NOTES ASK YOUR TEACHER In an effort to keep low-wage workers' salaries commensurate with the cost of living, a number of states have amended their constitutions to allow the minimum wage to be adjusted with inflation. You are the accountant for a company that owns a chain of 14 fast food restaurants in a state which adjusts the minimum wage for inflation. Each restaurant employs 45 workers, each averaging 20 hours per week at the current federal minimum wage, $7.25 per hour. (a) How many hours at minimum wage are paid out each week by the company? hr (b) At the current rate of $7.25 per hour, what is'the amount (in $) of the weekly "minimum wage" portion of the restaurant's payroll? $4 (c) If the inflation rate this year is 0.9%, calculate the "adjusted" minimum wage rate (in $ per hour) to be paid next year. (Round your answer to two decimal places.) $4 per hour (d) How much in "additional wages" will the company have to pay out next year at the adjusted rate (in $)? (Round your answer to the nearest dollar.) $4 (e) Suggest some ways that the restaurant chain or other small businesses can offset the increase in payroll and subsequent decrease in profit as a result of the minimum wage hike. Go to www.dol.gov/whd/minwage/america.htm and click on your state to find the current minimum wage. MY NOTES ASK YOUR TEACHER DETAILS BRECMBC99.11.004. 8. [-/0.62 Points] Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Kristy Dunaway has biweeklv.aross earningas of $1.450 What are her total Social Securitty and Medicare tax withholdinas (in $) for a whale vear? MacBook Air