Asked by Genelyn Silva on Jun 03, 2024
Verified
Compute the total regular earnings.
FICA-OASDI
Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare.
FUTA
The Federal Unemployment Tax Act institutes a payroll levy on companies to support state employment organizations.
SUTA
State Unemployment Tax Act; a payroll tax that employers pay to fund their state's unemployment insurance.
- Grasp the concepts of regular earnings, overtime earnings, and gross earnings within a payroll period.
Verified Answer
ZK
Learning Objectives
- Grasp the concepts of regular earnings, overtime earnings, and gross earnings within a payroll period.