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Can anyone help with number 17 questions.. I don't know how the right answer is c 40 during a week. Payroll data for the current
Can anyone help with number 17 questions.. I don't know how the right answer is c
40 during a week. Payroll data for the current week are as follows: hours worked, 46 federal inco tax withheld, $350; cumulative earnings for year prior to current week, S99,700; social security ta rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the ne amount to be paid the employee? $875.00 $838.62 $857.00 $1133.14 4. The total earnings of an employee for a payroll period is referred to as take-home pay 15. Which of the following are included in the employers payroll taxes? a. UTA taxes b. FUTA taxes c. FICA taxes all of the above and a half for all hours worked in excess of 16 An employee receives an hourly rate of $15, with time worked, 48; federal 40 during the week. Payroll data for the current week are as follows: hours income tax withheld, $120; cumulative eamings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of$100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment com tax, 3.4% on the first $7,000; federal unemployment compensation ta 8% on the first What is the net n be paid the emp 7500 68.74 601.5 d. $574.90 with time and a half for all hours worked in excess o 17. An employee receives an hourly rate of follows: hours worked, 48; federal 40 during the week. Payroll data for the current week are as $24,500; Social income tax withheld, $120; cumulative earnings for the year prior to this week, security tax rate, on maximum of s100,000; and Medicare tax rate, 1.5% on all earnings, star unemployment compensation tax, 3 on the first $7,000; federal unemployment compensatio .8% on the first $7,000. What is the employers payroll tax expense? $152.76 a. b. $91.26 d. $58 method and t $178.50 receivables are the allowance 18. The two methods of accounting for uncollectible a. equity method direct write-off method c interest method d, cost method Step by Step Solution
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