The Total Payroll of Trolley Company for the Month of October

question 159

Multiple Choice

The total payroll of Trolley Company for the month of October, 2014 was $800,000, of which $150,000 represented amounts paid in excess of $106,800 to certain employees. $500,000 represented amounts paid to employees in excess of the $7,000 maximum subject to unemployment taxes. $150,000 of federal income taxes and $15,000 of union dues were withheld. The state unemployment tax is 1%, the federal unemployment tax is .8%, and the current F.I.C.A. tax is 7.65% on an employee's wages to $106,800 and 1.45% in excess of $106,800. What amount should Trolley record as payroll tax expense?

• A) $72,800.
• B) $66,300.
• C) $57,300.
• D) $61,200.

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Definitions:

Size/Space

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Transference Reactions

emotional responses where feelings about one person are unconsciously redirected and applied to another person.

Lack Objectivity

The absence of neutrality or impartiality in evaluation or judgment.

Overinvolved

Overinvolved describes a situation or condition where one becomes excessively engaged or engrossed in something, potentially to the detriment of other responsibilities or relationships.