The Payroll Records of a Company Provided the Following Data

question 55

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:

Androgyny

A blend of both masculine and feminine characteristics in an individual's personality, appearance, or behavior.

Gender-typing

The process of associating objects, activities, roles, or traits with one gender in ways that conform to cultural stereotypes.

Influential Individual

A person who has the power to affect the opinions, behaviors, or decisions of others through their actions, status, or expertise.

Father

A male parent or guardian.