The Payroll Records of a Company Provided the Following Data

question 100

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 $106,800 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:

Trial Court

The level of court where legal disputes are first presented and heard, including evidence presentation and witness testimony, to reach a verdict or decision.

Questions of Fact

Issues determined by a judge or jury in a trial regarding the truth or falsity of evidence presented.

Questions of Law

Issues concerning the interpretation or application of laws which are decided by a judge, as opposed to questions of fact, which are decided by a jury.

State Appellate Courts

Courts within a state's judicial system that review and rule on appeals from decisions of lower courts.