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Grammy's Bakery had the following information for the pay period ending June 30: Federal income Employee Name Pay rate P. Ganes $2,600 Hours worked
Grammy's Bakery had the following information for the pay period ending June 30: Federal income Employee Name Pay rate P. Ganes $2,600 Hours worked Salaried Cumulative Earnings Before June 30 Department T. Baker 16/hr 50 $12,300 6,500 Kitchen Office Assume: FICA Social Security applied to the first $142,800 at a rate of 6.2%. FICA Medicare applied at a rate of 1.45%. FUTA applied to the first $7,000 at a rate of 0.8%. SUTA applied to the first $7,000 at a rate of 5.6%. State income tax is 3.8%. OA. Debit $28 OB. Credit $28 OC. Debit $4 OD. Credit $4 tax withheld $86.00 22.00
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