Question
Patrick Poplin is a factory worker at Ingram Inc. earning $15.00 per hour. Patrick is eligible for ten paid holidays and three weeks vacation and
Patrick Poplin is a factory worker at Ingram Inc. earning $15.00 per hour. Patrick is eligible for ten paid holidays and three weeks vacation and is paid time-and-a-half for overtime. He is also eligible for a $700 bonus at the end of the year. Patricks earnings so far this year are $7,000. Tax rates are as follows: Employee income tax 15% on all earnings FICA 8% on first $100,000 of earnings FUTA 1% on first $8,000 of earnings SUTA 4% on first $8,000 of earnings Assuming Patrick worked 48 hours this week, calculate the total expense to Ingram Inc. for this weeks wages, payroll taxes and fringe benefits.
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