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What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960, if she has already earned $42,560

  1. What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960, if she has already earned $42,560 this year? (Social security tax is 6.2% of gross wages up to $106,800. Medicare tax is 1.45% of all gross wages.)
  2. $283.52
  3. $302.94
  4. $101.87
  5. $242.92

1 points

QUESTION 3

  1. The last semimonthly payroll of Available Temp Services was $135,600 of gross wages for 113 employees. Of the total, none was for payments to employees in excess of the $7,000 wage base. What were the total FUTA and SUTA taxes for the payroll? The company's SUTA rate is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit.
  2. $8,407.20
  3. $15,729.60
  4. $7,322.40
  5. $9,492.00

1 points

QUESTION 4

  1. Gina's base pay rate is $12.25 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 4.5 holiday hours in addition to 39 hours Monday through Saturday. (Round your answer to the nearest cent)
  2. $532.88
  3. $798.25
  4. $688.00
  5. $588.00

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