Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l }
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Solomon Plastics employs 272 workers and has a gross payroll of $186,500.00 per week. Fringe benefits are 4 3/4% of gross payroll for sick days and maternity leaves, 8.2% for health insurance, 3.6% for the retirement fund, and $28.75 per employee for a stock purchase plan.

Question

Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Solomon Plastics employs 272 workers and has a gross payroll of $186,500.00 per week. Fringe benefits are 4 3/4% of gross payroll for sick days and maternity leaves, 8.2% for health insurance, 3.6% for the retirement fund, and $28.75 per employee for a stock purchase plan.

Quizplus · Accepted Answer

The Answer of Narrative 9-2
Use the information below to solve the following problems:
$$\begin{array} { l l l } 
& \text { Tax Rate } & \text { Wage Base } \
\text { Social security } & 6.2 \% & \$ 128,400 \
\text { Medicare } & 1.45 \% & \text { no limit } \
\text { FUTA } & .6 \% & \$ 7,000 \
\text { SUTA } & 5.4 \% & \$ 7,000
\end{array}$$
-Refer to Narrative in your text 9-2. Solomon Plastics employs 272 workers and has a gross payroll of $186,500.00 per week. Fringe benefits are 4 3/4% of gross payroll for sick days and maternity leaves, 8.2% for health insurance, 3.6% for the retirement fund, and $28.75 per employee for a stock purchase plan.

Narrative 9-2 Use the Information Below to Solve the Following

Narrative 9-2
Use the Information Below to Solve the Following