Career Based Math
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HW Ch9-3Payroll Section 3
Calculate the gross earnings per pay period for the following pay schedules
1. Westside Auto Supply has 8 delivery truck drivers, each with gross earnings of \( \$ 570 \) per week.
What are the total social security and Medicare taxes that should be withheld from these employees' paychecks each week?
Westside Auto Supply has 8 delivery truck drivers, each with gross earnings of \( \$ 570 \) per week.
What are the total social security and Medicare taxes that should be withheld from these employees' paychecks each week?
2. Fandango Furniture Manufacturing, Inc., has 40 employees on the assembly line, each with gross earnings of \( \$ 325 \) per week.
a. What are the total social security and Medicare taxes that should be witheld from the employees' paychecks each week?
b. What is the employer's share of these taxes for these employees for the first quarter of the year?
3. Arrow Asphalt \& Paving Company has 24 employees, 15 with gross earnings of \( \$ 345 \) per week and nine with gross earnings of \( \$ 385 \) per week. What is the total social security and Medicare tax the company must send to the Internal Revenue Service for the first quarter of the year?
4. What are the social security and Medicare taxes due on gross earnings of \( \$ 53,200 \) per year for Tricia Marvel, a selfemployed commercial artist?
5. What are the social security and Medicare taxes due on gross earnings of \( \$ 42,600 \) per year for a self-employed person?
6. Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at \( \$ 38,700 \). How much social security and Medicare must he pay this year?
7. Barry Michaels earns \( \$ 36,500 \) per year as the housewares manager at the Home Design Center.
If the SUTA tax rate is \( 5.4 \% \) of the first \( \$ 7,000 \) earned each year, how much SUTA tax must the company pay each year for Barry?
If the FUTA tax rate is \( 6.0 \% \) of the first \( \$ 7,000 \) earned in a year minus the SUTA tax paid, how much FUTA tax must the company pay each year for Barry?