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Triston Vale Is Paid on a Monthly Basis

question 155

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Triston Vale is paid on a monthly basis. For the month of January of the current year, he earned a total of $5,210. FICA tax for Social Security is 6.2% on the first $118,500 of earnings each calendar year and the FICA tax for Medicare is 1.45% of all earnings. 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 $885.70. What is the amount of the employer's payroll taxes expenses for this employee?


Definitions:

Tracking

An educational practice where students are divided into groups based on their perceived abilities, often leading to disparities in learning opportunities and outcomes.

Unschooling

A homeschooling alternative that rejects the standard curriculum in favor of student-driven types of learning.

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Identifying with spirituality or a personal sense of connection to something greater than oneself without adhering to the beliefs of organized religion.

Fundamentalist

A person or doctrine that adheres strictly to traditional beliefs and practices, rejecting modern interpretations or innovations.

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