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Intra Corporation, a geoduck fishing company located by the Narrows Bridge in Tacoma, WA , has four employees. FICA Social Security taxes are 6 .
Intra Corporation, a geoduck fishing company located by the Narrows Bridge in Tacoma, WA has four employees. FICA Social Security taxes are of the first $ paid to each employee, and FICA Medicare taxes are of gross pay. Also, for the first $ paid to each employee, the company's FUTA taxes are and SUTA taxes are The company is preparing its payroll calculations for the week ended August Payroll records show the following information for the company's four employees.
tableCurrent Week,Gross Pay through,Income TaxNameAugust Gross Pay,Withholding,Dali$$$TreyKieshaChee
In addition to gross pay, the company must pay onehalf of the $ per employee weekly health insurance; each employee pays the remaining onehalf. The company also contributes an extra of each employee's gross pay at no cost to employees to a pension fund.
Required:
Compute the following for the week ended August
Note: Round your intermediate calculations and final answers to decimal places.
Employees' FICA Withhoidings for Medicare
tableEmployeetableEarningsSubject to TaxTax Rate,Tax Amount,Tax Rate,,Dall$$TreyKieshaCheeTotal,$
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