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[The following information applies to the questions displayed below.] The following summary data for the payroll period ended on July 14, 2021, are available for
[The following information applies to the questions displayed below.]
The following summary data for the payroll period ended on July 14, 2021, are available for Brac Construction Limited:
Gross pay | $ ? |
---|---|
FICA tax withholdings | ? |
Income tax withholdings | 23,501 |
Medical insurance contributions | 1,075 |
Union dues | 990 |
Total deductions | 34,979 |
Net pay | 88,061 |
Required:
a. Calculate the missing amounts and then determine the FICA tax withholding percentage.
Note: Round FICA tax withholding percentage to 2 decimal places.
GRoss pay________
FICA TAX withholdings_________
FICA tax withholdings percentage _____%
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