Ronald Brown Is a Bookkeeper for Telacom

question 8

Essay

Ronald Brown is a bookkeeper for Telacom. He is calculating the amount to send to the IRS for an employee's taxes. For one particular employee who earned $928, the federal income tax withheld is $68. Social Security and Medicare taxes at 6.2% and 1.45% were also included. How much in all should be sent to the IRS for this employee?

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Definitions:

Marketing Mix

A business tool comprising four elements known as the 4Ps: Product, Price, Place, and Promotion, used to meet customer needs and achieve business goals.

Employee Engagement

The emotional commitment the employees have towards their organization and its goals, leading to higher levels of productivity.

Logo

A graphical symbol or emblem used by organizations, companies, or individuals to aid and promote instant public recognition.

Pitch Session

A presentation where entrepreneurs showcase their business ideas to potential investors or partners hoping to secure funding or support.