ers 7-9) Saved Westway Company pays Suzie Chan $3,100 per week. Assume Social Security is 6.2% on $128,400 and 1.45% for Medicare. a. By the end of week 52, how much did Westway deduct for Suzie's Social Security and Medicare for the year? (Round your answers to the nearest cent.) Deductions Social Security Medicare b. What state and federal unemployment taxes does Westway pay on Suzie's yearly salary? The state unemployment rate is 5.1% and the federal unemployment tax is 0.6% on the first $7,000. (Enter your answers as whole numbers.) Payment State unemployment taxes Federal unemployment taxes < Prev 15 of 15 Next> hp DII @ %23 24 & 3. 4. 6. e r f * 00 In 35
ers 7-9) Saved Westway Company pays Suzie Chan $3,100 per week. Assume Social Security is 6.2% on $128,400 and 1.45% for Medicare. a. By the end of week 52, how much did Westway deduct for Suzie's Social Security and Medicare for the year? (Round your answers to the nearest cent.) Deductions Social Security Medicare b. What state and federal unemployment taxes does Westway pay on Suzie's yearly salary? The state unemployment rate is 5.1% and the federal unemployment tax is 0.6% on the first $7,000. (Enter your answers as whole numbers.) Payment State unemployment taxes Federal unemployment taxes < Prev 15 of 15 Next> hp DII @ %23 24 & 3. 4. 6. e r f * 00 In 35
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10PA: Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and...
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Tax refers to the amount charged by the government on individuals, partnership firms, HUF’s or any corporation. It is a mandatory contribution which every individual, firms or company should have to pay towards the welfare of the society.
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