An Employee Earns $16 Per Hour

question 103

Short Answer

An employee earns $16 per hour. He worked 45 hours the last week of January (assuming time and a half for overtime).
Calculate the total amount of employee deductions.
The business is involved in interstate commerce.
Federal Income Tax rate = 20%
State Income Tax rate = 5%
FICA rate OASDI = 6.2% and Medicare = 1.45%
FUTA rate = .8%
SUTA rate = 5.6%
$ ________

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Definitions:

Mutation

A change in the DNA sequence within a gene or chromosome of an organism resulting in the creation of a new character or trait not found in the parental type.

Genetic Material

Molecules inside cells that carry genetic information, primarily DNA or RNA, responsible for inheritance and guiding the development of organisms.

Genetic Mutations

Changes or alterations in the DNA sequence of an organism's genome, which can lead to variations in physical traits or cause diseases.

Human Existence

The state or fact of living or being alive; particularly relevant to the unique experiences of being human.