A finish carpenter is to be paid $1,095.00 for a week's work. The employer has the following
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A finish carpenter is to be paid $1,095.00 for a week's work. The employer has the following labor burden costs: 6.2% for social security tax, 1.45% for Medicare, $26.88 for SUTA, $7.17 for FUTA, $8.96 for liability insurance, $71.67 for workers' compensation, $24.00 for the health insurance premium, and $38.00 is set aside for vacation. The employee has the following withheld from his or her check: 6.2% for social security tax, 1.45% for Medicare, $75.25 as federal withholding, $43.86 for state withholding, and $76.08 for the employee's part of the health insurance premium.
What is the correct amount payable to the employee?
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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