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Elanso [62]
3 years ago
11

Taurus's gross pay for the week is $980. his yearly pay is under the limit for oasdi. assume that the rate for state and federal

unemployment compensation taxes is 6.2%, and that taurus's pay year-to-date has not yet exceeded the $7,000 cap. his yearly pay is under the limit for oasdi. how much is the total amount of payroll taxes that his employer must record as payroll tax expenses? (do not round your intermediate calculations. assume a fica – oasdi tax of 6.2% and fica – medicare tax of 1.45%.)
Business
1 answer:
olga_2 [115]3 years ago
4 0
<span>Taurus's employer must record $60.76 for unemployment compensation because his yearly pay has not yet exceeded the $7,000 cap. Taurus's oasdi tax would be $60.76 and the medicare tax total is $14.21. The total payroll tax expenses for Taurus's employer to pay is $135.73.</span>
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Issued shares referred to the total amount of authorised shares that has been issued to the public for subscription.

Treasury stock refers to parts of the issued stock that are held up for the ownership of the issuing company.

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A medium of exchange

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On November 3, the spot price for cotton was $0.81/lb., and the February futures price was $0.83/lb. On November 3, Levi Strauss
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C : $3,000,000

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