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1 Jerry Little's gross wages as of October 31 were $120,200. He earned gross wages of $4,000 for the pay period ended November 15, 20X1.
1 Jerry Little's gross wages as of October 31 were $120,200. He earned gross wages of $4,000 for the pay period ended November 15, 20X1. Deducted from his paycheck this period, were federal income taxes of $400, state income taxes of $150, social security of 6.2% on the first $132,900 and Medicare tax of 1.45%. State Unemployment Tax is 4%, and Federal Unemployment tax is 0.6% on the first $7,000 of annual earnings. Calculate the employer payroll income taxes associated with Jerry's November 15 paycheck. Multiple Choice $306.00 $248.00 $58.00 $490.00
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