The payroll records of a company provided the following data for the current weekly pay period ended March 12. EmployeesEarnings to End of Previous WeekGross PayFederal Income TaxesMedical Insurance DeductionUnion DuesUnited WayD. Hui…….$ 5,800$800$120$35$10 $10B. Kim…….6,8501,1001803510 15C. Sly…...12,9001,4404043510 40Assume that the Social Security portion of the FICA taxes is 6.2% on the first $128,400 and the Medicare portion is 1.45% of all wages paid to each employee for this pay period. The federal and state unemployment tax rates are 0.6% and 5.4%, respectively, on the first $7,000 paid to each employee. Calculate the net pay for each employee.
What will be an ideal response?
| ? | Gross Pay | Federal Income Taxes | Medical Insurance Deduction | Union Dues Deduction | United Way Deduction | FICA | Total Deductions | Net Pay |
| A. Hui..... | $800.00 | $120.00 | $35.00 | $10.00 | $10.00 | $61.20 | $236.20 | $563.80 |
| B. Kim.... | 1,100.00 | 180.00 | 35.00 | 10.00 | 15.00 | 84.15 | 324.15 | 775.85 |
| C. Sly…. | 1,440.00 | 404.00 | 35.00 | 10.00 | 40.00 | 110.16 | 599.16 | 840.84 |
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