The Following Data Applies to the July 15 Payroll for the Woodard

question 51

Short Answer

The following data applies to the July 15 payroll for the Woodard Research Firm (overtime is paid at 1 1/2)
$$\begin{array} { l r c r c c } \text { Employee Name } & \text { Pay Rate } & \text { Hours } & \text { Cumulative } & \text { Department } & \text { Federal Income } \\ & & \text { Worked } & & & \text { Tax Withheld } \\\hline\text { B. Woodard } & \$ 2,000 / \text { wk } & \text { Salaried } & \$ 98,000 & \text { Office } & \$ 779.00 \\\text { J. Thomas } & 13.00 & 51 & 40,000 & \text { Shop } & 320.00 \\\text { K. McCann } & 17.00 & 46 & 42,000 & \text { Shop } & 330.00\end{array}$$ Assume:
FICA-OASDI is 6.2% based on a limit of $117,000.
FICA-Medicare is 1.45%.
FUTA is .8% based on a limit of $7,000.
SUTA is 5.6% based on a limit of $7,000.
State income tax is 2.8%.
-Compute the employer's payroll tax.

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Definitions:

Decane

A saturated hydrocarbon with the formula C10H22, consisting of a chain of ten carbon atoms.

Moles

A unit of measurement used in chemistry to express amounts of a chemical substance, defined as the amount of any substance that contains as many elementary entities as there are atoms in 12 grams of pure carbon-12.

Line Angle Drawing

A simplified structural formula used in organic chemistry, where lines represent bonds between carbon atoms, and carbon and hydrogen atoms are often not shown for simplicity.

Projection

A method or technique for displaying the properties of something, often used in the context of displaying three-dimensional images on a two-dimensional surface or schematically representing molecules in chemistry.