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Other Fields Homework Help Accounting Topic started by: majestico on Jun 6, 2017



Title: An employee earns $16 per hour. He worked 45 hours the last week of January (assuming time and a ...
Post by: majestico on Jun 6, 2017
An employee earns $16 per hour. He worked 45 hours the last week of January (assuming time and a half for overtime).
Calculate the total amount of employee deductions.

The business is involved in interstate commerce.
Federal Income Tax rate = 20%
State Income Tax rate = 5%
FICA rate OASDI = 6.2% and Medicare = 1.45%
FUTA rate = .8%
SUTA rate = 5.6%
$ ________


Title: Re: An employee earns $16 per hour. He worked 45 hours the last week of January (assuming time and a ...
Post by: Laffio on Jun 6, 2017
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Title: Re: An employee earns $16 per hour. He worked 45 hours the last week of January (assuming time and a ...
Post by: majestico on Sep 3, 2017
This is excellent. Excellent answer