chp9 9-8

Pat Maninen earns a gross salary of $2,400 each week. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare.

a. What are Pats first weeks deductions for Social Security and Medicare? (Round your answers to the nearest cent.)

	Deductions
Social Security	$
Medicare	$

b. Will any of Pats wages be exempt from Social Security and Medicare for the calendar year? (Leave no cells blank - be certain to enter "0" wherever required.)

Social Security

(Click to select)No wages exemptExempt

$

Medicare

(Click to select)No wages exemptExempt

$

9-9 Westway Company pays Suzie Chan $3,100 per week. Assume Social Security is 6.2% on $118,500 and 1.45% for Medicare.

a. By the end of week 52, how much did Westway deduct for Suzie's Social Security and Medicare for the year? (Round your answers to the nearest cent.)

	Deductions
Social Security	$
Medicare	$

b. What state and federal unemployment taxes does Westway pay on Suzie's yearly salary? The state unemployment rate is 5.1% and the federal unemployment tax is 0.6% on the first $7,000.

	Payment
State unemployment taxes	$
Federal unemployment taxes	$