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Calculate the following taxes for this week's pay 12/15/yr 1 (be sure to label each answer clearly and show all calculations to receive full credit):
Calculate the following taxes for this week's pay 12/15/yr 1 (be sure to label each answer clearly and show all calculations to receive full credit):
Wages this pay check: 12/15/yr 1: $5,000
1) FICA (6.2% on wages to $85,000)
2) FUTA (.8% on wages to $7,000)
3) Worker's compensation (.85 per $100 of wages)
Additional Information:
Wages year to date with bonus as of 12/8/yr 1: $100,000
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