An employee earns 5500 per month working for an employer

Reference no: EM13609297

An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 4.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 to a retirement plan each month. What is the amount of net pay for the employee for the month of January?

Reference no: EM13609297

Questions Cloud

In an experiment 990 g of aluminum with a specific heat of : in an experiment 99.0 g of aluminum with a specific heat of 900 jkgmiddotk at 93.0degc is mixed with 88.0 g of water

Cambria owns equipment that cost 93500 with accumulated : cambria owns equipment that cost 93500 with accumulated depreciation of 64000. cambria asks 35000 for the equipment but

What is the entropy change for the drop the specific heat : energy can be removed from water as heat at and even below the normal freezing point 0.00 ?c at atmospheric pressure

Prepare journal entries to record the facts in the case : prepare journal entries to record the facts in the case assuming that rossow uses the equity method to account for the

An employee earns 5500 per month working for an employer : an employee earns 5500 per month working for an employer. the fica tax rate for social security is 6.2 and the fica tax

If the distribution of the original measurements is not : an internet server conducted a survey of 400 of its customers and found that the average amount of time spent online

In an experiment 990 g of aluminum with a specific heat of : in an experiment 99.0 g of aluminum with a specific heat of 900 jkgmiddotk at 93.0degc is mixed with 88.0 g of water

Surendras personal residence originally cost 340000 ignore : surendras personal residence originally cost 340000 ignore land. after living in the house for five years he converts

An applicant must score at least 80 points on a particular : an applicant must score at least 80 points on a particular psychological test to be eligible for the peace corps. from

User Account

All Pages