Jane Doe was employed by Marketing Wizards in its advertising department two weeks ago and is...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6652de9a6a478_9706652de9a61d7a.jpg)
Transcribed Image Text:
Jane Doe was employed by Marketing Wizards in its advertising department two weeks ago and is paid weekly. Information related to her 3rd week paycheck is given below. Her employer does not make a 401(k) nor a health insurance contribution Maximum base Weekly salary $1,500 FIT (Federal income tax $180.00 n/a withholding) SIT (State income tax $75.00 n/a withholding) OASDI (6.2%) ? $137,700 Medicare [1.45%] 2 unlimited 401(k) $60.00 n/a Health insurance $52.50 n/a Unemployment tax [3%] $7,000 Compute the employer's payroll tax expense related to Jane Doe's 3rd week paycheck. Multiple Choice $45.00 O $414.75 $159.75 $114.75 Jane Doe was employed by Marketing Wizards in its advertising department two weeks ago and is paid weekly. Information related to her 3rd week paycheck is given below. Her employer does not make a 401(k) nor a health insurance contribution Maximum base Weekly salary $1,500 FIT (Federal income tax $180.00 n/a withholding) SIT (State income tax $75.00 n/a withholding) OASDI (6.2%) ? $137,700 Medicare [1.45%] 2 unlimited 401(k) $60.00 n/a Health insurance $52.50 n/a Unemployment tax [3%] $7,000 Compute the employer's payroll tax expense related to Jane Doe's 3rd week paycheck. Multiple Choice $45.00 O $414.75 $159.75 $114.75
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Case Description: In the audit of a municipal government, the auditors discovered that receivables for property taxes were overstated because the tax assessor stole some taxpayers payments. J. R....
-
(29 The function f is one-to-one find its inverse . F ( x ) = x 2- 4 X 20 Response
-
Understand the meaning of published accounts?
-
Consider each of the following situations independently. (Ignore income taxes.) 1. Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will...
-
Which platforms have long-range capabilities. Answer Options: A. Destroyers and fast combat support ships B. AEGIS cruisers and destroyers C. Self-defense ships and aircraft carriers D. Aircraft...
-
Whispering Winds Service has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 75%...
-
When should HR be the interviewer, and when should a hiring manager or co-workers be involved? Should reference checking be done before or after the interview? Would you ask during the interview any...
-
1. Monoclean Company manufactures a single product, Glamour. The standard cost specification sheet shows the following standards for one unit of Glamour: 8 kg of material M @ $6.5 per kg $52 4 hours...
-
Fineas Co. use the Job Order Costing system to determine product costs. Before entering 2020, the company has created a production budget, with an estimated total manufacturing overhead of $...
-
Define what a market value is? What are three major principles of investing funds? How does the federal government control the money supply? An investor purchases a 10-year U.S. Treasury note and...
-
1. Suppose we have two alternative designs, each of which yields a different present value of the total lifetime cost: the first is $1604 and the second is $1595. Verify that the present value of the...
-
Labor relations is becoming more _____ around the world because of ________. Group of answer choices uniform; centralization of unions that allows unions to learn more about each other's various...
-
(Master budget preparation; advanced) Color Blaze Company manufactures a red industrial dye. The company is preparing its 2006 master budget and has presented you with the following information. 1....
-
(Revising and analyzing an operating budget) Lopez Agency, a division of Chalmette Industries (Cl), offers consulting services to clients for a fee. Cl's corporate management is pleased with the...
-
(Preparing and analyzing a budget) Randazzo Ridenour & Co., LLP, a local accounting firm, has a formal budgeting system. The firm has five partners, two managers, four seniors, two secretaries, and...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App