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bonufazy [111]
3 years ago
15

The payroll register of Charbroil Company indicates $1,200 of social security tax withheld and $300 of Medicare tax withheld on

total salaries of $20,000 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $7,000, at the federal rate of 0.8% and the state rate of 5.4%. What is the total amount of payroll tax expense?
Business
1 answer:
Dmitry [639]3 years ago
6 0

Answer: $ 1934

Explanation:

Total amount of payroll tax expense =

Social security tax withheld+Medicare tax withheld +State and federal unemployment compensation taxes on earnings

=1200+300+( 0.8 + 5.4 )/100 × 7000

= 1500 + ( 6.2 )/100 × 7000

= 1500 + 0.062 × 7000

= 1500 + 434

= $ 1934

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STatiana [176]

Answer:

The correct answer is letter "A": Digital technology.

Explanation:

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8 0
3 years ago
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Mars2501 [29]

Answer:

Human Capital

Explanation:

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6 0
2 years ago
The 2016 balance sheet of Whole Foods Market reports operating assets of $5,489 million, operating liabilities of $2,066 million
frosja888 [35]

Answer:

Correct option is E.

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8 0
3 years ago
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slava [35]
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5 0
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lys-0071 [83]

Answer:

A production function

Explanation:

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