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22. The payroll for the week ended November 21 is $15,000 with 15 percent withheld for employee income taxes and 8 percent for FICA taxes.
22. The payroll for the week ended November 21 is $15,000 with 15 percent withheld for employee income taxes and 8 percent for FICA taxes. The total amount of taxes to be remitted by the employer for this payroll will be: a. $2,250 b. $1,200 c. $3,450 d. $4,650 23. Of the following taxes, the only that the employer pays in entirety is: a. State income tax b. State unemployment tax c. FICA tax d. Federal income tax 24. The Dell Company payroll for the first week in November was $12,000. The amount of income tax withheld was 12 percent and the FICA, state unemployment, and federal unemployment rates were percent. 5 percent, and 1 percent, respectively. The amount of the employee's withholding taxes is: a. $1,680 b. $2,400 c. $1.440 d. $3.120 25. An accrued expense such as accrued wages can best be described as an amount: a. Paid and not currently matched with earnings b. Not paid and not currently matched with earnings c. Not paid and currently matched with earnings d. Paid and currently matched with earnings
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