Question
Prior to December 11, the Alana Corporation's two employees had the following gross pay: Kevin $59,000 and Linda $6,700. During the week ended December 17,
Prior to December 11, the Alana Corporation's two employees had the following gross pay: Kevin $59,000 and Linda $6,700. During the week ended December 17, Kevin earned $2,200 and Linda $600. For this year, assume the OASDI FICA tax rate is 6% of the first $60,000 of each employee's earnings and the Medicare FICA tax is 1% of each employee's total earnings.
Calculate the Corporation's total FICA payroll taxes withheld for the week ended December 17.
| a. | $124 | |
| b. | $64 | |
| c. | $196 | |
| d. | $112 |
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The Church Growth Handbook Includes Complete Ministry Audit
Authors: William M. Easum
1st Edition
0687081610, 978-0687081615
