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ABC Consulting had two employees with the following earningsinformation Employee Poppy Smith Henry Murphy Cumulative Earning as of 11/30/20X1 $ 6,700 $ 130, 400 Gross

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ABC Consulting had two employees with the following earningsinformation Employee Poppy Smith Henry Murphy Cumulative Earning as of 11/30/20X1 $ 6,700 $ 130, 400 Gross Earnings for week Ending 12/15/20x1 $ 600 $ 4,300 Use the table above to calculate the employer payroll income taxes associated with Henry's December 15 paycheck given the following tax rates Social Security tax of 6.2% is levied on the first $132,900 of annual wages and the Medicare tax rate is 145% on all earrings State unemployment tax of 5.4% and federal unemployment tax of 0.6% are both levied on only the first $7,000 of each employee's annual earnings Poppy Smith Henry Murphy $ 6,700 $ 130, 400 5 000 $ 4,300 Use the table above to calculate the employer payron income taxes associated with Henry's December 15 paycheck given the following tax rates Social Securty tox of 6.2% is levied on the first $32,900 of annual wages and the Medicare tax rate is 145% on all earrings State unemployment tax of sand federal unemployment tax of 0.8% are both levied on only the finut $7,000 of each employee's annust earnings Multiple Choice $112.60 56235 521735 $43070 ABC Consulting had two employees with the following earnings Information Employee Poppy Smith Honry Murphy Cumulative Earning as of 11/30/20x1 $ 6,700 $ 130,400 Gross Earnings for Week Ending 12/15/20X1 $ 600 $ 4,300 Lise the table nbove to calculate the employer payroll income taxes associated with Henry's December 15 paycheck given the following tax rates: Social Security tax of 6.2% is levied on the first $132.900 of annual wages and the Medicare tax rate is 145% on all earnings. State unemployment tax of 5.4 and rederal unemployment tax of 0.6% are both levied on only the first $7.000 of each employee's annual earnings $111.60 O $62.35 $217.35 $430.70

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