A Company's Employees Had the Following Earnings Records at the Close

question 87

Essay

A company's employees had the following earnings records at the close of the current payroll period:
$\begin{array}{|l|r|r|}\hline\text { Employees } & \begin{array}{c}\text { Earnings through } \\\text { Prior Pay Period }\end{array} & \begin{array}{c}\text { Earnings this Pay } \\\text { Period }\end{array}\\\hline \text { D. Adams } & \$ 11,300 & \$ 3,900 \\\hline \text { J. Hess } & 6,100 & 2,500 \\\hline \text { R. Lui } & 9,500 & 3,100 \\\hline \text { T. Morales } & 4,800 & 1,400 \\\hline \text { L. Vang } & 10,000 & 3,000\\\hline\end{array}$
The company's payroll taxes expense on each employee's earnings includes: FICA Social Security taxes of 6.2% on the first $87,000 plus 1.45% FICA Medicare on all wages; 0.8% federal unemployment taxes on the first $7,000; and 2.5% state unemployment taxes on the first $7,000.Compute the employer's total payroll taxes expense for the current pay period.

Appreciate the benefits and use cases of encapsulation, abstraction, and polymorphism through interfaces.

Identify the proper handling of exceptions, specifically in the context of method overriding and class inheriting from interfaces.

Recognize the role and benefits of helper classes and learn the appropriate use of access modifiers for inner classes aiming to serve as helper classes.

Understand the concept and use of anonymous classes in programming.

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Definitions:

Repayment Of Principal

Repayment of principal is the process of paying back the original amount borrowed in a loan, separate from interest payments.

Time Lines

Graphical representations showing a line that marks important events in chronological order along specific dates.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Annuities

Financial products that guarantee a fixed or variable stream of payments over time, often used for retirement savings or to generate steady income during retirement.