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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Definitions:

Fecundity Rate

The potential reproductive capacity of an individual or population, often measured by the number of children women could have.

Social Movements

Collective, organized efforts aimed at promoting or resisting change in society, focusing on specific political or social issues to achieve their objectives through various forms of activism.

Spontaneity

The quality of being impulsive or acting without premeditation.

Everyday Organizations

Pertains to the common, routine structures and institutions that govern daily life and interactions, typically unnoticed but foundational to societal functioning.