subject
Mathematics, 02.12.2020 01:00 avahymowitz44

Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company’s FUTA taxes are 0.6% and SUTA taxes are 5.4%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company’s four employees. Current Week Name Gross Pay through Aug. 18 Gross Pay Income Tax Withholding Dali $ 125,300 $ 5,800 $ 398 Trey 125,400 3,000 395 Kiesha 7,900 2,000 46 Chee 1,850 1,600 36 In addition to gross pay, the company must pay one-half of the $76 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employee’s gross pay (at no cost to employees) to a pension fund. Required: Compute the following for the week ended August 25. (Round your intermediate calculations and final answers to 2 decimal places.):

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
You have $600,000 saved for retirement. your account earns 5.5% interest. how much, to the nearest dollar, will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?
Answers: 1
question
Mathematics, 21.06.2019 19:30
Im literally having a mental breakdown
Answers: 1
question
Mathematics, 21.06.2019 20:30
For f(x) = 3x+1 and g(x) = x2 - 6, find (g/f)(x)
Answers: 1
question
Mathematics, 22.06.2019 01:10
Pamela has a 30-year, 5.75% mortgage on her $250,000 home. she has been paying on it for 5 years, and has recently hit some financial trouble. if her lender agreed to lower the interest rate on her $231,905.47 balance to 5.5%, what will her new payment be for the remainder of the loan?
Answers: 2
You know the right answer?
Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128,400 paid to eac...
Questions
question
History, 09.12.2020 01:10
question
Mathematics, 09.12.2020 01:10
question
Mathematics, 09.12.2020 01:10
question
Mathematics, 09.12.2020 01:10
question
Mathematics, 09.12.2020 01:10
Questions on the website: 13722362