Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

On a recent paycheck, Mayims taxes were as follows: Federal withholding, $46; Social Security tax, $49.94; Medicare, $11.70; and state income tax, $14.70. What is

On a recent paycheck, Mayims taxes were as follows: Federal withholding, $46; Social Security tax, $49.94; Medicare, $11.70; and state income tax, $14.70. What is the employers share for these taxes?

a. $122.34

b. $76.34

c. $61.64

d. $ 49.94

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

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

3rd edition

132890542, 978-0132890540

More Books

Students also viewed these Accounting questions

Question

★★★★★

A high-tech company wants to estimate the mean number of years of college education its employees have completed. A good estimate of the standard deviation for the number of years of college is 1.0....

Answered: 1 week ago

Question

★★★★★

Jamie Lee Jackson, age 26, is in her last semester of college and is waiting for a graduation day that is just around the corner! It is the time of year again when Jamie Lee must file her annual...

Answered: 1 week ago

Question

★★★★★

2. Help your readers quickly and easily find what they are looking for.

Answered: 1 week ago

Question

★★★★★

The standards for one case of Springfever Tonic are: Direct materials . . . . . . . . . . . . . . . . . . . . 6 lbs. @ $5.00/lb. = $30 Direct labor . . . . . . . . . . . . . . . . . . . . . . . 5...

Answered: 1 week ago

Question

★★★★★

On a recent paycheck, Mayims taxes were as follows: Federal withholding, $46; Social Security tax, $49.94; Medicare, $11.70; and state income tax, $14.70. What is the employers share for these taxes?...

Answered: 1 week ago

Question

★★★★★

Create a new program, add_hms12.c, that will extend your existing program to work with a 12 hour clock rather than a 24 hour clock. The program will accept the initial times using a 24 hour clock, as...

Answered: 1 week ago

Question

★★★★★

Two probability distributions showing the P(X) for a different number of simulations are shown below. Distribution 1 where n 20 Frequency +0.3 0.25 0.2 0.15 0.1 0.05 1 2 3 4 5 Distribution 2 where n...

Answered: 1 week ago

Question

★★★★★

Layla Corporation has a required rate of return of 15% The weighted average of cost of capital is 10%. Information for Layla Corporation operations over the past 2 years follows. 2015 2014 Current...

Answered: 1 week ago

Question

★★★★★

Bonhoeffer says that stupidity is a moral issue. Define carefully what he means by "stupid" and explain how that is a moral issue (if it is). https://youtu.be/ww47bR86wSc

Answered: 1 week ago

Question

★★★★★

Calculate the total revenue required to break even. b) Calculate the number of units of each product required to break even. c) Calculate the Margin of Safety. d) The sales manager has suggested a...

Answered: 1 week ago

Question

★★★★★

1.The following data appeared in the accounting records of Manuel Manufacturing Company, Inc., which uses the weighted average cost method . Started in process12,000 units Finished and transferred...

Answered: 1 week ago

Previous Question Next Question