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uranmaximum [27]
4 years ago
8

The following information is for employee Ella Dodd for the week ended March 15.

Business
1 answer:
Brut [27]4 years ago
7 0

Answer:

a. The total earnings is $840

The total deductions is $313

The cash paid is $527

b. The Social security and medicare taxes is $63

The State unemployment tax is $28.56

The Federal unemployment tax is $6.72

Explanation:

a. To calculate the (1) total earnings, (2) total deductions, and (3) cash paid we would have to calculate the following formula:

1. Total earnings=(15*40)+((48-40)*15*2)

Total earnings=$840

2. Total deductions=(Federal Tax+United fund deduction+Social security tax+Medicare tax)

Total deductions=$200+$50+($840*6%)+($840*1.5%)

Total deductions=$313

3. Cash paid=Total earnings-Total deductions

Cash paid=$840-$313

Cash paid=$527

b. The calculation of each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15 would be the following:

Social security and medicare taxes=$840*(6%+1.5%)

Social security and medicare taxes=$63

State unemployment tax=$840*3.4%

State unemployment tax=$28.56

Federal unemployment tax=$840*0.8%

Federal unemployment tax=$6.72

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<em>brainly.com/question/2992817</em>

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