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24 Labor wages accrued for two weeks. Paychecks will be issued 16,000 on Dec. 26. Amount shown is gross, apply 7.65% FICA and Medicare and
24 Labor wages accrued for two weeks. Paychecks will be issued 16,000 on Dec. 26. Amount shown is gross, apply 7.65% FICA and Medicare and 10% income tax withholding In addition to the above deductions, a payroll tax is paid by the employer equal to the FICA and Medicare withholdings. In other words, 7.65 % is withheld from employee pay and 7.65% is paid by the emplover
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