Question: 13) The payroll data for ABC Company for the current weekly pay period ended March 15, 2018 included the following for employee A. Poe: Earnings
13) The payroll data for ABC Company for the current weekly pay period ended March 15, 2018 included the following for employee A. Poe:
Earnings to Current
End of WeekFederalHealthUnion
Previous WeekGross PayInc TaxInsuranceDues
A.Poe$5,800$900$120$60$10
Assume that the Social Security portion of the FICA taxes is 6.2% on the first $127,800 and the Medicare portion is 1.45% of all wages paid to each employee for this pay period. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee.
Calculate the net pay for employee A. Poe for the current weekly pay period
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