Social Security Medicare Assignment | Top Universities

Information ABC Company Number of Employees 7 Employee Name Hours worked Hourly rate John Doe 40 $25.00 Jane Jones 40 $24.00 Jessie Smith 40 $17.00 Erik Ackers 25 $15.00 Nan Schmit 30 $17.00 Larry Johnson 35 $18.00 Christopher Hay 40 $18.00 Assume Federal Income Tax will be withheld at a rate of 20% for everyone. FICA Social Security rate is 6.2% and Medicare is 1.45%. …

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