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Compute the net pay for each employee for this week. The FICA tax rate is: Social Security 6.2% on a limit of $142,800; Medicare
Compute the net pay for each employee for this week. The FICA tax rate is: Social Security 6.2% on a limit of $142,800; Medicare is 1.45%; federal income tax is 15%; state income tax is 5%; and medical insurance is $100 per employee. Cumulative This Week's Pay Pay Sally Ahti $68,000 $2,900 Mike DeFore $80,000 $2,500
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