Question: Step 1: Below is a sample pay stub. Using the information from your book or the IRS website, provide the missing information in the orange
Step 1: Below is a sample pay stub. Using the information from your book or the IRS website, provide the missing information in the orange boxes and answer the questions below. Sample Paycheck- EARNINGS STATEMENT McMenamins, 2001 NW Monroe Avenue EMPLOYEE NAME Sample Sampleton XXX-XX-1234 SOCIAL SEC.ID EMPLOYEE ID 5555-5555 CHECK No. 379824 PAY PERIOD 01/01/19-07/11/19 PAY DATE 01/08/19 INCOME RATE HOURS DEDUCTIONS: CURRENT TOTAL YEAR-TO-DATE CURRENT TOTAL 1000 GROSS WAGES 25 40- FICA MED TAX FICASS TAX FED TAX 91 OR ST TAX 72 YTD GROSS YTD DEDUCTIONS YTD NET PAY TOTAL DEDUCTIONS NET PAY 1,000 Step 2: The Federal Insurance Contribution Act (FICA) provides revenue for Medicare and Social Security. In the boxes below, provide the percentage of deduction for employees for each and an explanation of what the money is going towards. Organization FICA - Medicare- Percentage Explanation of Deduction FICA - Social Security
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