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Abc Consulting Had Two Employees with the Following Earnings Information

Question 52
Multiple Choice

ABC Consulting had two employees with the following earnings information: img Use the table above and calculate the employer payroll income taxes associated with Henry's December 15 paycheck given the following tax rates: Social Security tax of 6.2% is levied on the first $113,700 of annual wages and the Medicare tax rate is 1.45% on all earnings.State unemployment tax of 5.4% and federal unemployment tax of .6% are both levied on only the first $7,000 of each employee's annual earnings. A) $194.40 B) $306.00 C) $546.00 D) $842.00

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Q 53
George's Gameroom had two employees with the following earnings information: Use the table above and calculate how much of Barbara's December 15 paycheck is still subject to state unemployment tax given that the rate is 4% and federal unemployment tax is .6% and both taxes are levied on only the first $7,000 of each employee's annual earnings. A) $700 B) $5,900 C) $1,800 D) $1,100
Q 54
George's Gameroom had two employees with the following earnings information: Use the table above and calculate how much of Hillary's December 15 paycheck is still subject to Social Security tax given that the tax is levied on the first $113,700 of annual wages and the Medicare tax rate is 1.45% on all earnings. A) $2,500 B) $2,800 C) $3,200 D) $6,000
Q 55
Jerry Little's gross wages as of October 31 were $110,000.He earned gross wages of $4,000 for the pay period ended November 15,2016.Deducted from his paycheck this period,were federal income taxes of $400,state income taxes of $150,social security of 6.2% on the first $113,700 and Medicare tax of 1.45%.State Unemployment Tax is 4%,and Federal Unemployment tax is .6% on the first $7,000 of annual earnings.Calculate the employer payroll income taxes associated with Jerry's November 15 paycheck. A) $1,048.00 B) $498.00 C) $306.00 D) $287.40
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