1. The following data applies to the July 15 payroll for the Woodard Research Firm Employee...

 

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1. The following data applies to the July 15 payroll for the Woodard Research Firm Employee Name Pay Rate B. Woodard Hours Worked Cumulative Department FIT Salaried $2.050/wk $ 98,000 Office $779,00 J. Thomas 14.00 51 40,000 320.00 Shop K. McCann 330.00 17.00 46 42,000 Shop Assume: FICA is 6.2% based on a limit of $102,000 FICA-Medicare is 1.45% FUTA is .8% based on a limit of $7,000 SUTA is 5.6% based on a limit of $7,000 State income tax is 2.8% Compute the total regular earnings Compute the total overtime earnings Compute the total gross earnings Compute the employees' FICA Compute the employees' FICA-Medicare Compute the total federal income tax Compute the total state income tax Compute the total payroll tax Compute the total deductions Compute the net pay 1. The following data applies to the July 15 payroll for the Woodard Research Firm Employee Name Pay Rate B. Woodard Hours Worked Cumulative Department FIT Salaried $2.050/wk $ 98,000 Office $779,00 J. Thomas 14.00 51 40,000 320.00 Shop K. McCann 330.00 17.00 46 42,000 Shop Assume: FICA is 6.2% based on a limit of $102,000 FICA-Medicare is 1.45% FUTA is .8% based on a limit of $7,000 SUTA is 5.6% based on a limit of $7,000 State income tax is 2.8% Compute the total regular earnings Compute the total overtime earnings Compute the total gross earnings Compute the employees' FICA Compute the employees' FICA-Medicare Compute the total federal income tax Compute the total state income tax Compute the total payroll tax Compute the total deductions Compute the net pay

Answer rating: 100% (QA)

A B Woodard 2050wk x 151 hrs 310755 J Thomas 1400hr x 40 hrs 56000 K Mccann 1700hr x 41 hrs 69700 To... View the full answer