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Mathematics, 23.10.2021 22:00 faithcalhoun
The information on earnings and deductions for the pay period ended December 14 from King Company's payroll records is as follows:
Beginning
Cumulative
Name Gross Pay Earnings
Burgess, J. L. $410 $6,750
Clayton, M. E. 785 40,200
Drugden, T. F. 860 38,500
Lui, L. W. 990 39,700
Sparks, C. R. 4,094 115,700
Stevers, D. H. 850 6,810
For each employee, the Social Security tax is 6.2 percent of the first $118,500 and the employer's Social Security tax is 6.2 percent on the same earnings limit. The Medicare tax is 1.45 percent on all earnings. The federal unemployment tax rate is 0.6 percent of the first $7,000 of earnings of each employee. The state unemployment tax rate is 5.4 percent of the same base.
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The information on earnings and deductions for the pay period ended December 14 from King Company's...
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