The payroll records of a company provided the following data for the current 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.
Definitions:
Neuroscience
The scientific study of the nervous system, aiming to understand the biological basis of behavior, thought, and emotion.
Unconscious
The part of the mind that houses thoughts, memories, and desires not within the realm of conscious awareness, influencing behavior and perceptions.
Home Health Nurse
A nurse who provides healthcare services to patients in their home, including post-surgical care, chronic illness management, and palliative care.
Infant
A very young child from birth to one year of age.
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