The Payroll Records of a Company Provided the Following Data

question 95

Essay

The payroll records of a company provided the following data for the current weekly pay period ended March 12.
$$\begin{array} { l c c r r r r } & \begin{array} { l } \text { Earnings } \\\text { to End of }\end{array} & & \text { Federal } & \text { Medical } & & \\& \text { Previous } & \text { Gross } & \text { Income } & \text { Insurance } & \text { Union } & \text { United } \\\text { Employees } & \text { Week } & \text { Pay } & \text { Taxes } & \text { Deduction } & \text { Dues } & \text { Way } \\\text { D. Hui } &\$ 5 , 8 0 0& \$ 8 0 0& \$ 1 2 0 & \$3 5 & \$ 1 0 &\$ 1 0\\\text { B. Kirm } & 6 , 8 5 0 & 1,100 & 180 & 35 & 10 & 15 \\\text { C. Sly } & 12,900 & 1,440 & 404 & 35 & 10 & 40\end{array}$$
Assume that the Social Security portion of the FICA taxes is 6.2% on the first $118,500 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:

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A journalist specializing in reporting on criminal incidents, investigations, and the justice system.

In-House

Activities, processes, or services performed within an organization by its employees rather than being outsourced to external providers.

Outsourced Training

The practice of hiring external service providers to design and deliver training programs for employees.

Needs Analysis

A systematic process to determine and address gaps between current conditions and desired conditions or needs.