Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8 Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $4,400.00 and had federal and state income
8 Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $4,400.00 and had federal and state income tax withholdings of $220.00 and $82.50, respectively. FICA taxes are 7.65% on earnings up to $117,000. State and federal unemployment taxes for the period are $275.00 and $44.00, respectively. What would be the amount of Longbow's payroll check for the first week of January? 0.5 points Multiple Choice O $4,400.00 $3,441.90 $4,063.40 $3.760.90
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started