{"id":114479,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/explain-gross-pay-to-a-pension-fund-3"},"modified":"2017-08-03T16:10:02","modified_gmt":"2017-08-03T16:10:02","slug":"explain-gross-pay-to-a-pension-fund-3","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/explain-gross-pay-to-a-pension-fund-3\/","title":{"rendered":"Explain gross pay to a pension fund"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p> Problem 11-4A Payroll expenses, withholdings, and taxes L.O. P2, P3 Legal Stars pays its employees each week. Its employees\u2019 gross pay is subject to these taxes. Tax Rate Applied To FICA-Social security 6.20 % First $106,800 FICA-Medicare 1.45 All gross pay FUTA 0.80 First $7,000 SUTA 2.15 First $7,000 The company is preparing its payroll calculations for the week ended August 25. <br \/> Payroll records show the following information for the company\u2019s four employees: Current Week Name Gross Pay through 8\/18 Gross Pay Income Tax Withholding Dale $ 105,300 $ 2,000 $ 252 Ted 36,650 900 99 Kate 6,750 450 54 Chas 1,050 400 36 In addition to gross pay, the company must pay one-half of the $32 per employee weekly health insurance; each employee pays the remaining one-half.<br \/> The company also contributes an extra 8% of each employee\u2019s gross pay to a pension fund. Required: Compute the following for the week ended August 25<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Problem 11-4A Payroll expenses, withholdings, and taxes L.O. P2, P3 Legal Stars pays its employees each week. Its employees\u2019 gross pay is subject to these taxes. Tax Rate Applied To FICA-Social security 6.20 % First $106,800 FICA-Medicare 1.45 All gross <a href=\"https:\/\/www.benedictsol.com\/blogs\/explain-gross-pay-to-a-pension-fund-3\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114479","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/114479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=114479"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/114479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=114479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=114479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=114479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}