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

question 92

Short Answer

The following data applies to the July 15 payroll for the Woodard Research Firm (overtime is paid at 1 1/2) Assume:
FICA-OASDI is 6.2% based on a limit of $128,400.
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 total overtime earnings.

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Illegal Contract

An agreement that is void and unenforceable because it involves activities that are against the law.

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The process of one party’s suing another in a private action, conducted in a trial court.

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General agreement or collective opinion among a group of people.

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The extent to which an action or procedure is allowed within the bounds of the law.