Mission Company Has Three Employees What Are Mission Company's Total August Payroll Taxes for Smith

question 53

Multiple Choice

Mission Company has three employees: $\begin{array}{l}&\text { Gross Pay through July}&\text { Gross Pay for August }\\\text { Smith } & \$ 3,200 & \$ 1,000 \\\text { Cain } & 25,800 & 3,500 \\\text { Clark } & 94,600 & 13,100\end{array}$
$$\begin{array} { l c l } \text { Tax } & \text { Rate } & \text { Applied To } \\\text { FICA-Social Security } & 6.20 \% & \text { First } \$ 106,800 \\\text { FICA-Medicare } & 1.45 & \text { All gross pay } \\\text { FUTA } & .80 & \text { First } \$ 7,000 \\\text { SUTA } & 5.40 & \text { First } \$ 7,000\end{array}$$ What are Mission Company's total August payroll taxes for Smith?

• A) $ 62.00
• B) $138.50
• C) $443.20
• D) $581.70
• E) $76.50

---

Definitions:

Mass Technology

involves the production and use of technology that is widely accessible and used by large segments of the population.

Large-Scale Production

Refers to the manufacturing of goods in large quantities using efficient methods and often specialized equipment, aiming for economies of scale.

Simple Structure

An organizational form characterized by low complexity, few layers of management, and a loose division of labor.

Professional Bureaucracy

An organizational structure characterized by highly specialized jobs and a strong reliance on trained professionals to make decisions.