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July Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each
July Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following:
FICA OASDI is 6.2% on $117,000; FICA Medicare is 1.45% on all earnings. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Each employee contributes $75 biweekly for medical insurance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DATA TABLE
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