Question
Charlie Delta, an employee of the Bravo Zulu Company is paid bychequeon each payday and earns $15 per hour. Charlie worked 50 hours the week
Charlie Delta, an employee of the Bravo Zulu Company is paid bychequeon each payday and earns $15 per hour. Charlie worked 50 hours the week ending February 26, 2016.Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate. Payroll liabilities are paid at the end of each quarter. The following apples to all of Charlie's wages for this period:
Item
Rate/Amount
Social Security taxes
6.0%
Medicare/Medicaid taxes
1.5%
Federal Income Taxes withheld
$210
State Income Taxes withheld
$50
All this week's wages were subject to:
Item
Rate/Amount
Federal Unemployment Tax
0.5%
State Unemployment Tax
3.0%
Use this information to determine for the February 26 pay period:
1. Charlie's Net Pay
2. Bravo Zulu's employer payroll tax expense
3. Total Payroll Liability for Bravo Zulu
(Round calculations to the nearest penny.Enter dollar values in answer boxes rounded to the nearest penny.)
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