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

question 89

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 employees' FICA-Medicare.

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Definitions:

White Matter

Tissue in the brain and spinal cord composed of myelinated nerve fibers, responsible for transmitting signals within the nervous system.

Gray Matter

Nervous system tissue made up of neuron cell bodies, dendrites, and unmyelinated axons, found in the brain and spinal cord, crucial for processing information.

Columns

In anatomical terms, columns refer to structures shaped like pillars, often found in the spinal cord, which consist of white matter that carries nerve impulses to and from the brain.

Dorsal Root

The part of a spinal nerve that enters the dorsal side of the spinal cord, carrying sensory information from the body to the central nervous system.