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Westway Company pays Suzie Chan $2,450 per week. Assume Social Security is 6.2% on $118,500 and 1.45% for Medicare. a. By the end of week
Westway Company pays Suzie Chan $2,450 per week. Assume Social Security is 6.2% on $118,500 and 1.45% for Medicare. a. By the end of week 52, how much did Westway deduct for Suzie's Social Security and Medicare for the year? (Round your answers to the nearest cent.) Deductions $ Social Security Medicare b. What state and federal unemployment taxes does Westway pay on Suzie's yearly salary? The state unemployment rate is 5.1% and the federal unemployment tax is 0.6% on the first $7,000. Payment $ State unemployment taxes Federal unemployment taxes $ The San Bernardino County Fair hires about 155 people during fair time. Their wages range from $5.40 to $8.20. California has a state income tax of 9%. Sandy Denny earns $8.20 per hour; George Barney earns $5.40 per hour. They both worked 38 hours this week. Both are married; however, Sandy claims 2 exemptions and George claims 1 exemption. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. a. What is Sandy's net pay after FIT, Social Security tax, state income tax, and Medicare have been taken out? Use the Table 9.1 and Table 9.2. (Round your answer to the nearest cent.) Sandy's net pay b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) George's net pay c. How much more is Sandy's net pay versus George's net pay? (Round your answer to the nearest cent.) Difference in net pay
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