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:

Syphilis

A sexually transmitted bacterial infection known for its varying stages and health effects if left untreated.

Statute Of Limitations

A statute prescribing a period of limitations for bringing certain kinds of legal action.

Tort

A civil wrong or breach of duty to another person, as defined by law, that results in harm or injury, leading to legal liability.

Misdemeanor

A lesser crime than a felony, punishable by a fine and/or county jail time for up to one year.