Ben's Mentoring Had the Following Information for the Pay Period

question 68

Short Answer

Ben's Mentoring had the following information for the pay period ending September 30: Assume:
FICA-OASDI applied to the first $128,400 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Employees contribute to their retirement fund at a rate of 5.5% of their gross earnings.
-Compute the total gross earnings for the office.

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Definitions:

Ganglion Cells

Neurons located in the retina that process visual information and transmit it to the brain through the optic nerve.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and function best in relatively bright light.

Visual Information

Visual information encompasses details that are perceived through the sense of sight, including colors, shapes, motion, and spatial relationships, which are processed by the visual cortex.

Wavelengths

The distance between successive peaks of a wave, especially points in a sound wave or electromagnetic wave.