Picture Perfect Physician's has 5 employees. FICA Social Security taxes are 6.2% of the first$118,500 paid to each employee, and

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3 years ago

9

Picture Perfect Physician's has 5 employees. FICA Social Security taxes are 6.2% of the first$118,500 paid to each employee, and

FICA Medicare taxes are 1.4% of gross pay. Futa taxes are 0.6% and Suta taxes are 5.4% of the first $7,000 paid to each employee. Cumulative pay for the current year for each of its employees are as follows. Compute the amounts in the table for each employee and then total the numerical columns. Mary Cumalative Pay $6,800 Zoe Cumalative Pay $10,500 Greg Cumalative Pay $8,400 Ann Cumalative Pay $66,000 Tom Cumalative Pay $4,700. What would be their Pay Subject to FICA - S.S 6.2% (First 118,000) Pay Subject to FICA Medicare 1.45% Pay Subject to FUTA Taxes 0.6% Pay Subject to SUTA Taxes 5.4% (First 7,000) Can someone please help me on this.

Mathematics

1 answer:

Otrada [13] · Answer 1 · 2022-02-16T02:54:42+03:00

Otrada [13]3 years ago

4 0

Thats really long.... i wish i knew, sorry