Please issue a check, payable to "Payroll," in the amount of $$5,823\mathrm{.}06.$

This is the net pay from today's payroll. The payroll register shows

that employees earned a total of $$7,436\mathrm{.}84,$ from which $$840\mathrm{.}37$ was

withheld for federal income taxes, $$461\mathrm{.}08$ was withheld for Social

Security taxes, and $$107\mathrm{.}83$ was withheld for Medicare taxes. Also

withheld was $$204\mathrm{.}50$ for health insurance premiums; no United Way

donations were withheld, as we only withhold them from one check

each month.

Remember to record the employer's payroll taxes. The various rates

are: $6\mathrm{.}2\%$ for Social Security tax; $1\mathrm{.}45\%$ for Medicare tax; $0\mathrm{.}8\%$ for

federal unemployment tax; and $5\mathrm{.}4\%$ for state unemployment tax. All

earnings are subject to Social Security and Medicare tax; however,

only the wages of our two newest employees, totaling $$944\mathrm{.}00,$ are

subject to federal and state unemployment tax.