Question
51. The following information is for employee Madison Riley for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double
51.
The following information is for employee Madison Riley for the week ended March 15.
Total hours worked: 48
Rate: $15 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Way Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
Social security: 6% on all earnings; on both employer and employee
Medicare tax: 1.5% on all earnings; on both employer and employee
State unemployment: 3.4% on maximum earnings of $7,000; on employer
Federal unemployment: 0.8% on maximum earnings of $7,000; on employer
(a) | Determine (1) total earnings, (2) total deductions, and (3) net cash paid for the week ended March 15. |
(b) | Determine each of the employer's payroll taxes related to the earnings of Madison Riley for the week ended March 15. |
(a)
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(b)
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