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3 years ago

The following information is for employee William Heedy for the week ended March 15.

Business

1 answer:

ioda3 years ago

7 0

Answer:

1. b. $896.00

2. c. $317.20

3. a. $578.80

4. b. $67.20

5. d. $4.80

Explanation:

1. WIlliam's total earnings

40 hours at $16 = $640

8 hours at $32 = $256

Total = $896

2. WIlliam's total deductions

Income Tax $200

United Fund deduction $50

Social security tax (6% * $896) $3.76

Medicare tax (1.5% * $896) <u>$13.44</u>

Total <u>$317.20</u>

3. William's net pay

= Total earnings - Total deductions

= $896 - $317.20

= $578.80

Cash Paid is $578.80

4. Employers FICA based on Williams pay

Social Security and Medicare taxes = 7.5% * $869 = $67.20

5. Employers Federal Unemployment based on Williams pay

Federal unemployment tax = 0.8% * $600 = $4.80

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