The Following Data Is for the January 19 Pay Date

question 51

Multiple Choice

The following data is for the January 19 pay date for Waryzbok Inc.:

Which of the following represents the missing Social Security and Medicare taxes, assuming that the health insurance is qualified under Section 125?

• A)Social Security tax, $204.15; Medicare tax, $792.35
• B)Social Security tax, $792.35; Medicare tax, $204.15
• C)Social Security tax, $746.66; Medicare tax, $174.62
• D)Social Security tax, $188.31; Medicare tax, $805.19

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Definitions:

Marginal Analysis

An examination of the benefits and costs of an additional unit of production or activity to make better decisions.

Tutoring

The act of providing individualized instruction or assistance to a student or learner in a specific subject area to improve their understanding or performance.

Economics Test

An examination or assessment aimed at evaluating understanding or knowledge in the subject of economics.

Marginal Analysis

Assessing the supplementary gains of an activity against its incremental costs.