Respuesta :
Answer:
1. Total earnings
Normal hours 40 *$15 = $600
Overtime 8 * $30 = 240
$840
2. Total Deduction
United fund deduction 50
social security(6%*840) 50.4
Medicare tax(1.5%*840) 12.6
State unemployment(3.4%*600) 20.4
133.4
3. Cash paid
Total earnings $840
Total Deduction 133.4
706.6
b. employer payroll tax
Medicare tax = 1.5% *840 = $12.6
Federal unemployment tax = (0.8%*600) 4.8
17.4
Explanation:
Answer:
Explanation:
(a) Computation of total earnings:
Earnings = (40 x 15) + (8 x 30)
Earnings = 600 + 240
Earnings = $ 840
Computation of total deductions:
Federal Income tax $ 200
United fund deduction 50
Social security tax (840 x 0.06) 50.40
Medicare tax (840 x 1.5%) 12.60
Total 313
Computation of cash paid:
Cash paid = Earnings - deductions
Cash paid =840 - 313
Cash paid = $ 527
(b) Computation of payroll taxes:
Social security and medicare taxes (840 x (6 + 1.5%) $63
State unemployment tax (600 x 3.4%) 20.40
Federal unemployment tax (600 x 0.8%) 4.80
Total 88.20
Total payroll taxes are $ 88.20.