Exercise I-3 (Part Level Submission) Ramirez Company has the following data for the weekly payroll...
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Exercise I-3 (Part Level Submission) Ramirez Company has the following data for the weekly payroll ending January 31. Federal Hourly Income Tax Health Hours Employee M T W T F S Rate Withholding Insurance L. Helton 8 8 9 8 10 3 $12 R. Kenseth 8 8 8 8 8 2 14 D. Tavaras 9 10 8 8 90 $34 37 58 25 25 Employees are paid 1y2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7,6S% on the first $117,000 org Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings ross eaming
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