Question
The following summary data for the payroll period ended on April 10, 2015, are available for Brac Construction Ltd.: Gross pay $ ? FICA tax
The following summary data for the payroll period ended on April 10, 2015, are available for Brac Construction Ltd.:
| Gross pay | $ | ? |
| FICA tax withholdings | ? | |
| Income tax withholdings | 24,680 | |
| Medical insurance contributions | 1,118 | |
| Union dues | 540 | |
| Total deductions | 35,685 | |
| Net pay | 86,495 | |
|
| ||
Calculate the missing amounts and then determine the FICA tax withholding percentage. (Round FICA tax withholding percentage to 2 decimal places.)
Gross pay
FICA tax withholdings
FICA tax withholdings percentage%
| |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
013099619X, 978-0130996190
