Asteria Earned a $25,500 Salary as an Employee in 2017

question 141

Multiple Choice

Asteria earned a $25,500 salary as an employee in 2017. How much should her employer have withheld from her paycheck for FICA taxes (rounded to the nearest whole dollar amount) ?

• A) $1,581
• B) $1,951
• C) $370
• D) $3,902

Identify and adapt to various learning styles and personality types.

Implement strategies for coping with anxiety and improving time management.

Appreciate the importance of a positive attitude in personal growth.

Utilize critical thinking and reflection for personal improvement and conflict resolution.

---

Definitions:

Valid Receipts

Documents that serve as proof of a transaction, showing essentials like the date, items purchased or services rendered, and the amount paid.

Debit Memo

A document issued to adjust downwards the amount of money owed to a business by a customer or another business.

Journal Entries

Entries made in a journal documenting every financial transaction of a business and used as the first step in the accounting cycle.

Outstanding Checks

Checks that have been written and recorded in the payer's accounting records but have not yet been cashed or deposited by the payee.