An employee has gross earnings of $600 and withholdings of $45.90 for social security and Medicare taxes and $60 for income taxes. The employer pays $45.90 for social security and Medicare taxes and $4.80 for FUTA. The total cost of this employee to the employer is
a. $650.70.
b. $600.00.
c. $696.60.
d. $604.80.
A
You might also like to view...
In accounting for exchanges of similar assets considered to have "commercial substance," financial accounting recognizes all gains and losses
a. True b. False Indicate whether the statement is true or false
The ________ is a federal act designed to prevent fraud and other abuses associated with private pension funds
A) Employee Retirement Income Security Act B) Consolidated Omnibus Budget Reconciliation Act C) Fair Labor Standards Act D) Family and Medical Leave Act
What is the standard deviation of demand during their lead time?
A) 45 phones B) 64 phones C) 90 phones D) 109 phones
Taxpayers can have more than the minimum amount of required income tax withheld from each pay
Indicate whether the statement is true or false.