Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 8

PAYROLL DEDUCTIONS Find the regular earnings, overtime earnings, gross earnings, Social Security tax (6.2 ), Medicare tax (1.45 ), and state disability insurance deduction (1 ) for each employee. Assume that no employee will have earned more than the FICA or SDI maximum at the end of the current pay period. Assume that time and a half is paid for any overtime in a 40-hour week. (See Examples 1-4.)