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Payroll calculations

The following information is for the employee Mary Ryan for the week ended March 15.

Total year-to-date earnings as of March 8: $6,400

Total hours worked: 46

Rate: $20 pr hour with double time for all hours in excess of 40

Federal income tax withheld: $180

United fund deduction: $25

Tax rates:

FICA: 7.5%

State unemployment: 5.4% on maximum earnings of $7,000; on employer
Federal unemployment: 0.8% on maximum earnings of 47,000; on employer

A. Determine 1.) total earnings 2.) total deductions, and 3.) cash paid

B. Determine each of the employer's payroll taxes related to the earnings of Mary Ryan for the week ended March 15.

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Solution Preview

A. Determine 1.) total earnings

Total earnings are based on the hours worked. Total hours are 46 of which 40 are regular hours and 6 is overtime. The regular rate is $20 per hour and overtime rate is double at $40 per hour.
Total ...

Solution Summary

The solution explains step-by-step ho to calculate the amount of total earnings, total deductions, cash paid and employer's payroll taxes.