B
Bob S
Guest
I need help with this Extra Credit question for my financial accounting class. I need to get this correct because it will make me have an A for the class since this semester is almost over!
The following information is for employee Robert Ellis for the week ended March 15.:
Total hours worked: 48
Rate: $15 per hour, double time for all hours over 40
Federal Income Tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6400
Tax rates:
Social Security: 6% on maximum earnings of $100,000.
Medicare Tax: 1.5% on all earnings; 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
Determine:
1. total earnings
2. total deductions
3. cash paid
Determine each of the employer's payroll taxes related to the earnings of Robert Ellis for the week ended March 15.
Please help me!
The following information is for employee Robert Ellis for the week ended March 15.:
Total hours worked: 48
Rate: $15 per hour, double time for all hours over 40
Federal Income Tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6400
Tax rates:
Social Security: 6% on maximum earnings of $100,000.
Medicare Tax: 1.5% on all earnings; 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
Determine:
1. total earnings
2. total deductions
3. cash paid
Determine each of the employer's payroll taxes related to the earnings of Robert Ellis for the week ended March 15.
Please help me!