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:

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Sensory Cortex

A region of the cerebral cortex involved in receiving and interpreting sensory information from various parts of the body.

Oxygen

A chemical element essential for life, constituting about 21% of the Earth's atmosphere and required for the respiratory processes of most living organisms.

Dorsal Root

A cluster of sensory nerve fibers located on the dorsal side of the spinal cord, which carries sensory information to the brain.