Homework Answers
A part
Total earnings -
1. For 40 hours = 15 per hour * 40 hours = 6000
2. For next 8 hours = 15*2 i.e 30 per hour * 8 = 240
Total earnings = 6000+240= 6240
Federal income tax withheld = 200
United fund deduction = 50
Total deductions = 250
Cash paid = 6240-250 = 5990
B part -
Social security taxes and medicare taxes = 0.06*6240 + 1.5% of (6400+6240) = 374.4 + 189.6 = 564
State unemployment tax = 5.4% of 6240 = 339.96
Federal unemployment tax = 0.8% of 6240 = 49.92
Total taxes = 564+339.96+49.92 = 953.88
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