An Employee Receives an Hourly Rate of $45, with Time

question 114

Essay

An employee receives an hourly rate of $45, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $950; Social security tax rate, 6.5% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000.
Calculate the employer's payroll tax expense if:
a. this is the first payroll of the year and the employee has no cumulative earnings for the year to date.
b. the employee's cumulative earnings for the year prior to this week equal $6,200.
c. the employee's cumulative earnings for the year prior to this week equal $98,700.

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Definitions:

Communication Signals

Forms of non-verbal cues or symbols used to convey messages between individuals or groups.

Business Etiquette

The set of expected behaviors and manners that are considered professional and polite in a business setting.

Social Situation

A scenario involving interaction between individuals within a societal context.

Eye Contact

Eye contact is the act of looking directly into another person's eyes, which is a critical non-verbal communication tool that can convey confidence, interest, or respect.