Gary Marks Is Paid on a Monthly Basis

question 36

Multiple Choice

Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,288. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes expenses for this employee?

• A)$2,009.21
• B)$1,131.31
• C)$2,506.48
• D)$420.00
• E)$1,054.

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Definitions:

Transformation

The genetic alteration of a cell by the direct uptake, incorporation, and expression of exogenous genetic material from its surroundings.

Conjugation

A process in microbiology where two bacteria transfer genetic material between each other through direct contact.

Transduction

Transduction is the process by which foreign DNA is introduced into a cell by a virus or viral vector.

Conjugation

A form of genetic transfer in bacteria and some other organisms wherein genetic material is directly transferred from one cell to another through a physical bridge between the cells.