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Chapter 8 Homework Part 2 Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far.

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Chapter 8 Homework Part 2 Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 Part 1 of 3 Required information [The following information applies to the questions displayed below.] Aspen Ski Resorts has 150 employees, each working 40 hours per week and earning $12 an hour. Although the company does not pay any health or retirement benefits, one of the perks of working at Aspen is that employees are allowed free skiing on their days off. Federal income taxes are withheld at 15% and state income taxes at 5%. FICA taxes are 7.65% of the first $128,400 earned per employee and 1.45% thereafter. Unemployment taxes are 6.2% of the first $7,000 earned per employee. 8 03:53:10 Required: 1. Compute the total salary expense, the total withholdings from employee salaries, and the actual direct deposit of payroll for the first week of January Answer is complete but not entirely correct. $ Total salary expense Total withholdings Actual direct deposit 72.000 14.400 X 57,600 $

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