The Payroll Records of a Company Provided the Following Data

question 78

Essay

The payroll records of a company provided the following data for the currently weekly pay period ended March 7:
Assume that the Social Security portion of the FICA taxes is 6.2% on the first $110,100 (for 2012) 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.

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Definitions:

Reflexive Smile

An involuntary smile, often seen in babies, which does not necessarily occur in response to external stimuli.

Effortful Control

The ability to regulate one's behavior through conscious control as opposed to automatic or instinctive reactions.

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Lively energy and excitement, often showing in behavior or enthusiasm.

Separate Persons

The concept or state of being distinct or individual entities, not connected or amalgamated with others.