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omeli [17]
3 years ago
12

Kristy Casey earns $39,000 per year and is paid once a month. For January, she had $188 withheld from her pay for federal income

taxes, and $52 withheld for health insurance. Social Security tax is 6.2% on a maximum of $122,700 of gross wages per year, and Medicare tax is 1.45%; the federal unemployment tax rate is 0.6% and state unemployment tax rate is 4.2%. What is the total employer payroll tax expense for Kristy's January paycheck?a. $385.13
b. $162.50
c. $248.63
d. $404.63
Business
1 answer:
Andru [333]3 years ago
6 0

Answer:

D) $404.63

Explanation:

Kristy Casey's monthly salary = $39,000 / 12 = $3,250

Her employer's payroll tax expenses for January:

  • monthly salary x Social Security tax = $3,250 x 6.2% = $201.50
  • monthly salary x Medicare tax = $3,250 x 1.45% = $47.13
  • monthly salary x federal unemployment tax = $3,250 x 0.6% = $19.50
  • monthly salary x state unemployment tax = $3,250 x 4.2% = $136.50

total employer payroll tax expense = $201.50 + $47.13 + $19.50 + $136.50 = $404.63

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<h3>What is a complementary good?</h3>

This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.

Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.

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An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been
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Answer:

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Explanation:

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muminat

Answer: C) a tend-and-befriend strategy.

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The answer is given below;

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