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An employee earned $100,000 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up
An employee earned $100,000 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128.400 maximum per year and the rate for FICA Medicare 1.45% of all earnings. The employer's total FICA payroll tax for this employee is: Multiple Choice 458 $7,650 59,830 $879 to search DI E 14 A A company has a selling price of $1,600 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $146 each During November the company sold 26,000 printers, and 360 printers were serviced under the warranty. What is the company's warranty expense for the month of November? 39 Multiple Choice o 575.926 $75.920 352560
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