An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,4...
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
Homework Answers
| FICA Social Security | 2901.60 | =46800*6.2% |
| FICA Medicare | 678.60 | =46800*1.45% |
| Employee's annual FICA taxes amount | 3580.20 |
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An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,4...
An employee earned $46,800 during the year working for an employer when the maximum limit for...
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was...
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is. Multiple Choice O $2.204.00 0 $2,830.50 o $1,757.50. To O $8,950.50
Henry Bagel earned $46,200 during the year working for an employer when the maximum limit for...
Henry Bagel earned $46,200 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. Henry's annual FICA taxes amount is:
TO MC QU. 09-85 An employee earned... An employee earned $44,800 during the year working for...
TO MC QU. 09-85 An employee earned... An employee earned $44,800 during the year working for an employer when the maximum limit for Social Security was $128.400 The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 145% The employee's annual FICA taxes amount is
An employee earned $61,500 during the year working for an employer. The FICA tax rate for...
An employee earned $61,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must...
An employee earned $42,600 working for an employer in the current year. The current rate for FICA Social Security is 6.2...
An employee earned $42,600 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:
An employee earned $42,900 working for an employer in the current year. The current rate for...
An employee earned $42,900 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is: Multiple Choice $0, since the FICA tax is only deducted from an employee's pay. $2,659.80. $622.05. $6,563.70. $3,281.85.
An employee earned $62,200 during the year working for an employer. The FICA tax rate for...
An employee earned $62,200 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must...
An employee earned $43,300 working for an employer in the current year. The current rate for...
An employee earned $43,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA...
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rates 541 Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the...
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is. Multiple Choice O $2.204.00 0 $2,830.50 o $1,757.50. To O $8,950.50
TO MC QU. 09-85 An employee earned... An employee earned $44,800 during the year working for an employer when the maximum limit for Social Security was $128.400 The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 145% The employee's annual FICA taxes amount is
An employee earned $62,200 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must...
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rates 541 Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the...
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