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HW Problems Chapte In addition to gross pay, the company must pay one half of the $80 per employce weekby health insurance each employee pays
HW Problems Chapte In addition to gross pay, the company must pay one half of the $80 per employce weekby health insurance each employee pays the remaring one-half The company also contributes an extra 8% of oach empkoyee's gross pey (at no cost to employees) to a pension fund Required: Compute the folowing for the week ended August 25 (Round your answers to 2 decimal places.) 1) Employees' FICA withholdings for Social Security Earnings subject to tax: Tax Amount 62012400 55 80 27 90 24.80 Tot232 50 Employee Tax Rate (%) Dahla Trey Kieshs Chee S 2,000.00 6.20 6 20 6.20 450 00 400 00 21 Employees FICA withholdings for Medicare Employee subject to tax Dahlie Trey Kiesha Chee 2a 00 13 05 653 5 80 54 38 5 2,000 00 145 1 45 Total $ 450 00 400 00 3) Employer's FICA taxes for Social Security Earnings subject to tax mployee Tax Rate (%) Tax Amount 124.00 Dahla Trey Kiusha $2,000.00 6.20 6 20 27.90 HW Problems Chapte In addition to gross pay, the company must pay one half of the $80 per employce weekby health insurance each employee pays the remaring one-half The company also contributes an extra 8% of oach empkoyee's gross pey (at no cost to employees) to a pension fund Required: Compute the folowing for the week ended August 25 (Round your answers to 2 decimal places.) 1) Employees' FICA withholdings for Social Security Earnings subject to tax: Tax Amount 62012400 55 80 27 90 24.80 Tot232 50 Employee Tax Rate (%) Dahla Trey Kieshs Chee S 2,000.00 6.20 6 20 6.20 450 00 400 00 21 Employees FICA withholdings for Medicare Employee subject to tax Dahlie Trey Kiesha Chee 2a 00 13 05 653 5 80 54 38 5 2,000 00 145 1 45 Total $ 450 00 400 00 3) Employer's FICA taxes for Social Security Earnings subject to tax mployee Tax Rate (%) Tax Amount 124.00 Dahla Trey Kiusha $2,000.00 6.20 6 20 27.90
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