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Mr. Sadiq, working in manufacturing industry, he is one of the employee of daily wages. The straight time wage per hour OMR 25 He was
- Mr. Sadiq, working in manufacturing industry, he is one of the employee of daily wages. The straight time wage per hour OMR 25 He was worked 100 hours. Over time also consideration of 20 hours @double the rate. The employer with hold income Tax 15%, Employee FICA OASDI 5.5%, Medicare 2%. The employer also pays payroll taxes for FICA 6%, Medicare 2% and state 6% and federal unemployment 0.8% respectively.
Requirements:
- Compute Mr. Sadiq gross pay and net (Take-home) pay for the week.
- Record the payroll entries that employers, employee taxes and employer taxes.
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