A payroll clerk is calculating the amount that the company should send to the IRS. For one employee's paycheck, the federal income tax withheld is $43.24, the Social Security tax is $31.00, and the Medicare tax withheld is $7.25. How much should be sent for this employee?
A) $119.74
B) $88.74
C) $81.49
D) $473.74
A
You might also like to view...
Every time you download a file from a Web site or attach files to e-mail, you are using a(n) _____ application.
A. TCP B. NNTP C. FTP D. POP
Defend or refute: Servant leadership should be conceptualized as a behavior rather than a trait.
What will be an ideal response?
What constitutes a social enterprise's "triple bottom line"?
a. employees, customers, and profits b. assets, liabilites, and revenue c. social concerns, shareholders, and sales d. people, planet, and profits
Determine the net income of a company for which the following information is available for the month of July. Employee salaries expense$192,000?Interest expense22,000?Rent expense32,000?Consulting revenue448,000?
A. $694,000. B. $266,000. C. $202,000. D. $448,000. E. $246,000.