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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 100
Solve the following application problems. Round to the nearest cent.
PAYROLL DEDUCTIONS Donna Laughman is paid an 8 commission on sales. During a recent pay period, she had sales of $19,482 and returns and allowances of $193. Find the amount of (a) her Social Security tax, (b) her Medicare tax, and (c) her state disability insurance deduction for this pay period. (The FICA rate is 6.2 , the Medicare rate is 1.45 , the SDI rate is 1%, and earnings will not exceed $31,800.)
PAYROLL DEDUCTIONS Donna Laughman is paid an 8 commission on sales. During a recent pay period, she had sales of $19,482 and returns and allowances of $193. Find the amount of (a) her Social Security tax, (b) her Medicare tax, and (c) her state disability insurance deduction for this pay period. (The FICA rate is 6.2 , the Medicare rate is 1.45 , the SDI rate is 1%, and earnings will not exceed $31,800.)
Explanation
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In order to calculate the employee's amo...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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