The Payroll Records of a Company Provided the Following Data

question 71

Essay

The payroll records of a company provided the following data for the current weekly pay period ended March 12. $$\begin{array} { | l | r | r | r | r | r | r | } \hline \text { Employees } & \begin{array} { r } \text { Earnings } \\\text { to End of } \\\text { Previous } \\\text { Week }\end{array} & \begin{array} { r } \text { Gross } \\\text { Pay }\end{array} & \begin{array} { r } \text { Federal } \\\text { Income } \\\text { Taxes }\end{array} & \begin{array} { r } \text { Medical } \\\text { Insurance } \\\text { Deduction }\end{array} & \begin{array} { r } \text { Union } \\\text { Dues }\end{array} & \begin{array} { r } \text { United } \\\text { Way }\end{array} \\\hline \text { D. Hui } & \$ 5,800 & \$ 800 & \$ 120 & \$ 35 & \$ 10 & \$ 10 \\\hline \text { B. Kim } & 6850 & 1,100 & 180 & 35 & 10 & 15 \\\hline \text { C. Sly } & 12,900 & 1,440 & 404 & 35 & 10 & 40 \\\hline\end{array}$$ Assume that the Social Security portion of the FICA taxes is 6.2% on the first $117,000 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.

---

Definitions:

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.

Hierarchy of Needs

A theory in psychology, proposed by Abraham Maslow, that prioritizes human needs from the most basic physical demands to higher psychological desires.

Growth

The process of increasing in size, maturity, or development, often used in physical, emotional, or intellectual contexts.

Family-Centered Programs

Family-centered programs are designed to support the entire family's needs through services and activities that foster family involvement, enhancing the development and well-being of children.