Question: Using the attached information file, Calculate (1) the weekly paycheck for each staff person and (2) total cost of payroll for the organization for the
Using the attached information file, Calculate (1) the weekly paycheck for each staff person and (2) total cost of payroll for the organization for the week.
Information you will need:
Hourly rate of pay
Pay status (exempt or non-exempt)
Productive and non-productive hours worked
State of Missouri and federal income tax rates based on filing status.
Social Security tax (employer and employee)
Medicare tax (employer and employee)
Pre- and post- tax insurance deductions
W-4 withholding details (e.g., single, head of household, etc)
W-4 holding reductions/increases
401(k) matching max of 3% (half of employee contribution to 6%)
Employer contribution of $80.77 per week to medical insurance

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