The Payroll Records of a Company Provided the Following Data

question 51

Essay

The payroll records of a company provided the following data for the currently weekly pay period ended March 7:
Assume that the Social Security portion of the FICA taxes is 6.2% on the first $106,800 and the Medicare portion is 1.45% of all wages paid to each employee for this pay period. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee.
Calculate the net pay for each employee.

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Definitions:

Lymphatic System

A vital part of the immune system, consisting of organs, ducts, and nodes that transport lymph, a fluid containing infection-fighting white blood cells, throughout the body.

Lymphocytes

A type of white blood cell involved in the immune response, playing a role in protecting the body against infections and diseases.

Macrophages

A type of white blood cell that engulfs and digests cellular debris, foreign substances, microbes, and cancer cells in a process called phagocytosis.

Lingual Tonsils

Small masses of lymphatic tissue located at the base of the tongue, important for immune response against inhaled or ingested pathogens.