An Employee Earned $62,500 During the Year Working for an Employer

question 174

Multiple Choice

An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current 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. What is the amount of total unemployment taxes the employee must pay?

• A)$101.50
• B)$56.00
• C)$378.00
• D)$434.00
• E)$0.

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Definitions:

Functional Assessment

An evaluative process focusing on identifying the reasons behind specific behaviors to develop appropriate interventions.

Dangerous Behaviors

Actions that have the potential to cause harm or injury to oneself or others.

Baseline Data

Initial collected information or observations that serve as a starting point for comparison in experiments or interventions.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.