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Question
The following information is for employee Ella Dodd for the week ended March 15:
Total hours worked: 48
Pay rate: $15 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
Social security: 6.0% on all earnings
Medicare tax: 1.5% on all earnings
State unemployment: 3.4% on maximum earnings of $7,000; paid by employer only
Federal unemployment: 0.8% on maximum earnings of $7,000; paid by employer only
a. Determine (1) gross earnings, (2) total deductions, and (3) net pay for Ella Dodd.
b. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15.
Answer
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