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Exercise $9-13$A $($Static$)$ Computation of net pay and payroll expense LO $9-5$

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The following information is available for the employees of Webber Packing Company for the first week of January, Year $1$:

Kayla earns $$28$ per hour and $1(1)/(2)$ times her regular rate for hours over $40$ per week. Kayla worked $52$ hours the first week in January. Kayla$$s federal income tax withholding is equal to $15$ percent of her gross pay. Webber pays medical insurance of $$50$ per week for Kayla and contributes $$50$ per week to a retirement plan for her.

Paula earns a weekly salary of $$1,600.$ Paula$$s federal income tax withholding is $18$ percent of her gross pay. Webber pays medical insurance of $$80$ per week for Paula and contributes $$100$ per week to a retirement plan for her.

Vacation pay is accrued at the rate of $2$ hours per week $($based on the regular pay rate$)$ for Kayla and $$60$ per week for Paula.

Assume the Social Security tax rate is $6$ percent on the first $$130,000$ of salaries, and the Medicare tax rate is $1\mathrm{.}5$ percent of total salaries. The state unemployment tax rate is $5\mathrm{.}4$ percent and the federal unemployment tax rate is $0\mathrm{.}6$ percent of the first $$7,000$ of salary for each employee.

Exercise $9-13$A $($Static$)$ Part c

c$.$ What is the total cost of compensation expense for the first week of January Year $1$ for Webber Company?

Note: Round the intermediate calculations and your final answer to $2$ decimal places.