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Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll
Swifty Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2022, are presented below. Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 41 44 46 Hourly Rate $14.00 16.00 13.00 13.00 Federal Income Tax Withholdings $59.00 64.00 60.00 62.00 United Fund $5.00 5.00 8.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.6%.
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