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Robert Donaruma's business, Donaruma Investments Incorporated, has 5 employees who are paid one week after the week they work. As of September 8, each employee's
Robert Donaruma's business, Donaruma Investments Incorporated, has 5 employees who are paid one week after the week they work. As of September 8, each employee's gross earnings were as follows. Almeida $140,000 Curotto 105,800 Forte 28,000 LaMarca 6,800 Pidgeon 2,000 For this year, the OASDI FICA tax rate is 6.2% of the first $106,800 of each employees gross pay. The Medicare FICA tax rate is 1.45% of each employees gross pay. Each employee has $3 withheld weekly for union dues. Calculate the net pay for Donaruma Investments Incorporateds employee Curotto for the week ended September 15. Curotto currently earns a salary of $1,500 per week. In addition to FICA taxes and union dues, the following were withheld from Curottos weekly earnings: $270 for federal income taxes and $75 for state income taxes. A) $1,931.75 B) $1,130.25 C) $1,500.00 D) $1,068.25 E) $1,037.25
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