Accounting calculation

SoccerBoss
Category:
Accounting
Price: $5 USD

Question description

The following information is for employee William Heedy for the week ended March 15.

Total hours worked: 48
Rate: $16 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
 Social security: 6% on maximum earnings of $106,800
 Medicare tax: 1.5% on all earnings; on both employer and employee
 State unemployment: 3.4% on maximum earnings of $7,000; on employer
 Federal unemployment: 0.8% on maximum earnings of $7,000; on employer

What is the employers FICA based on Williams pay? What is William's net pay? What is the employers Federal Unemployment based on Williams pay?


Tutor Answer

(Top Tutor) Daniel C.
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