Short Answer
The following data applies to the July 15 payroll for the Woodard Research Firm (overtime is paid at 1 1/2) Assume:
FICA-OASDI is 6.2% based on a limit of $128,400.
FICA-Medicare is 1.45%.
FUTA is .8% based on a limit of $7,000.
SUTA is 5.6% based on a limit of $7,000.
State income tax is 2.8%.
-Compute the total overtime earnings.
Correct Answer:

Verified
Correct Answer:
Verified
Q87: Tax form 940 is filed annually.
Q88: If Wages and Salaries Payable is debited,
Q89: The following data applies to the July
Q90: The following data applies to the July
Q93: Which of the following does NOT apply
Q94: Which of the following statements is true?<br>A)
Q95: Businesses will make their payroll tax deposits
Q96: Why would a company use a separate
Q97: Which form contains information about gross earnings
Q99: The following data applies to the July