Business, 03.04.2021 02:00 liliJ

The information on earnings and deductions for the pay period ended December 14 from King Company's payroll records is as follows: Beginning
Cumulative
Name Gross Pay Earnings
Burgess, J. L. $426 $6,763
Clayton, M. E. 760 40,434
Drugden, T. F. 881 38,253
Lui, L. W. 1,096 39,918
Sparks, C. R. 4,145 114,943
Stevers, D. H. 848 6,781
For each employee, the Social Security tax is 6.2 percent of the first $118,500 and the employer's Social Security tax is 6.2 percent on the same earnings limit. The Medicare tax is 1.45 percent on all earnings. The federal unemployment tax rate is 0.6 percent of the first $7,000 of earnings of each employee. The state unemployment tax rate is 5.4 percent of the same base.
Determine the total taxable earnings for unemployment, Social Security, and Medicare. If an amount is zero, enter "0".

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The information on earnings and deductions for the pay period ended December 14 from King Company's...

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