Davis and Thompson have earnings of $913 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period?

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net Amount = Gross Amount - All deductions.

Q: Steven McFarland's weekly gross earnings for the week ending March 9 were $1,180, and her federal…

A: Payroll taxes such as security tax, Medicare taxes are need to be deducted by employer from…

Q: Tam Worldly’s weekly gross earnings for the week ended April 22 were $2,000, and her federal income…

A: Gross pay: The total amount such as salary, wages, commissions, overtime and bonus paid by the…

Q: Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a…

A: Payroll Taxes = FICA SS Tax + FICA Medicare Tax + FUTA Tax + SUTA Tax= 544.87+ 127.42 + 42 +…

Q: Baker Green's weekly gross earnings for the week ending December 7 were $3,200, and her federal…

A: Before any deductions, an employee's complete earnings are represented by their gross pay, commonly…

Q: Martin Jackson receives an hourly wage rate of $18, with time and a half for all hours worked in…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting…

A: The Social Security tax, also known as the Federal Insurance Contributions Act (FICA) tax, is a…

Q: Baker Green's weekly gross earnings for the week ending December 7 were $2,800, and her federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…

Q: Prior to the last payroll period of the calendar year, the cumulative earnings of Employee A were…

A: The Social Security program, which pays retirement benefits to qualified persons, is financed by…

Q: The monthly salaries for December and the year-to-date earnings of the employees of Lincoln Project…

A: Step 1:Note:FICA social security earning base is $ 142,800.Except for Employee #4, each employee's…

Q: Martin Jackson receives an hourly wage rate of $17, with time and a half for all hours worked in…

A: Compute gross pay of Martin Jackson as shown below:

Q: Marsha Mellow's weekly gross earning for the week ended May 23 were $1,250 and her federal income…

A: Gross Pay: It is referred as the sum total of income, wages, commissions, extra time, and bonus…

Q: Maxwell Friedman's weekly gross earnings for the week ending March 9 were $860, and her federal…

A: Social Security tax = Gross earnings  x Social Security tax rate = $860*6% = $51.60  Medicare tax  =…

Q: Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income…

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by the…

Q: An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: " Gross pay" and" net pay" are terms generally used in the  environment of employment and income.…

Q: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution

Q: Davis and Thomas have earnings of $841 each. The social security tax rate is 6.0%, and the Medicare…

A:

Q: Davis and Thompson have earnings of $850 each.  The social security tax rate is 6% and the Medicare…

A: Medicare tax for Employee and Employer = Earnings x Medicare tax rate x 2 = $850 x 1.5% x 2 = $25.50

Q: Compute the net pay for each employee using the federal income tax withholding table included.…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: A weekly payroll register shows that Louise Price had total wages of $460. She had deductions of…

A: Given Information: Total wages - $460 FICA tax -  $35.19 Federal income tax - $54 Medical insurance…

Q: An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: Social security tax will be charged on gross pay  Medicare tax will be charged on gross pay

Q: Baker Green's weekly gross earnings for the week ending December 7 were $2,000, and her federal…

A: Net Pay = Gross earnings - Federal income tax - Social Security rate - Medicare   Social Security…

Q: Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal…

A: Formula: Social security tax amount = Gross pay x Social security tax rate

Q: Jason's gross pay for the week is $1,900. His yearly pay is under the limit for OASDI. Assume that…

A: When a company records the compensation of its employees, such type of accounting is known as…

Q: Maxwell Washington's weekly gross earnings for the week ending March 9 were $900, and her federal…

A: Social security tax = gross earnings x social security tax rate  = $900 x 6% = $54 Medicare tax =…

Q: The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the…

A: Formula to calculate total unemployment taxes (the empoyer must pay on this employee's wages):Total…

Q: Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month.…

A: The Medicare tax, which is a percentage of gross wages used to finance Medicare, is due by all…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Lets understand the basics. Net amount paid is a gross pay less taxes paid. Gross pay = (Norma hour…

Q: Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal…

A: Formula: Social security tax amount = Weekly gross earnings x Social security tax rate.

Q: An employee earns $16 per hour and 1.5 times that rate for all hours in excess of 40 hours per week.…

A: The objective of the question is to calculate the gross pay and net pay for an employee who worked…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Gross pay = Regular pay + Overtime pay   Net pay = Gross pay - Federal income taxes withheld -…

Q: Kenneth Washington's weekly gross earnings for the week ended April 22 were $1,000, and his federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…