If Prior to the Last Weekly Payroll Period of the Calendar

question 81

True/False

If prior to the last weekly payroll period of the calendar year, the cumulative earnings for an employee are $75,200, earnings subject to social security tax are $106,800, and the tax rate is 7.5%, the employer's social security tax on the $800 gross earnings paid on the last day of the year is $60.

---

Definitions:

China

A country in East Asia, the world's most populous nation, with a rich cultural history and a significant global economic influence.

Canada

A country in North America known for its vast landscapes, multicultural cities, and bilingual English-French heritage.

George W. Bush

He served as the 43rd President of the United States from 2001 to 2009, notable for his responses to the September 11 attacks and initiating the Iraq War.

Manufacturing Jobs

Refers to employment in industries that produce physical goods through the transformation of raw materials into finished products.