Question
Westway Company pays Suzie Chan $2,800 per week. Assume Social Security is 6.2% on $110,100 and 1.45% for Medicare. a. By the end of week
| Westway Company pays Suzie Chan $2,800 per week. Assume Social Security is 6.2% on $110,100 and 1.45% for Medicare. |
| a. | By the end of week 51, 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 thefederal unemployment tax is 0.8% on the first $7,000. |
| Payment | |
| State unemployment taxes | $ |
| Federal unemployment taxes | $ |
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
