Accounting calculation

timer Asked: Aug 27th, 2014

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?

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