Calculate the total wages earned (assume an overtime rate of time and a half over 40hours).
Answer to relevant QuestionsDevon Mark, single, claiming one exemption, has cumulative earnings before this biweekly pay period of $105,800. If he is paid $1,940 this period, what will his deductions be for FIT and FICA (OASDI and Medicare)? The FICA ...Compute the net pay for each employee using the federal income tax withholding table in Figure. Assume that FICA OASDI tax is 6.2% on a wage base limit of $106,800, Medicare is 1.45% on all earnings, the payroll is paid ...Calculate the total wages earned for each employee assuming an overtime rate of time and a half over 40hours.From the following information, please complete the chart for gross earnings for the week. (Assume an overtime rate of time and a half over 40hours.)What taxes are recorded when recording Payroll Tax Expense?
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