Westway Company pays Suzie Chan $3,000 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. Payment State unemployment taxes Federal unemployment taxes

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A:

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A: a.

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A: Federal Unemployment Tax Act (FUTA): The federal unemployment tax is welfare scheme of a social…

Q: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…

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A: Solution Working- Social security tax = 1000*6.2% = 62 Medicare tax = 1000 * 1.45% = 21.025…

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Q: Todd Hackworth’s weekly gross earnings for the week ending December 18 were $2,000, and his federal…

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A: Solution:- a) Calculation of the gross pay for the week as follows:-

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Q: Jim Brewer, owner of Arrow Company, has three employees who earn $200, $800, and $950  a week.…

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Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

A: social security tax= $12950 x0.062=$802.9

Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

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Q: Westway Company pays Suzie Chan $3,060 per week. Assume Social Security is 6.2% on $128,400 and…

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Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

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Q: Westway Company pays Suzie Chan $3,150 per week. Assume Social Security is 6.2% on $128,400 and…

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