Examlex
Alfred Spindle earned gross wages of $1,850 for the week ended June 21, 2019. His gross wages year to date, prior to his June 21 paycheck, were $42,620. He had $136 withheld from his pay for federal income taxes, and $86 for health insurance. Social Security tax is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is 0.6% and the state unemployment tax rate is 4.2%, both on a maximum of $7,000 per each employee's annual earnings. What is the total employer payroll tax expense associated with Alfred's June 21, 2019, paycheck?
RUPA
Stands for the Revised Uniform Partnership Act, which is a set of laws adopted by many states to govern the operation of partnerships.
Mentally Incompetent
A legal status indicating that an individual is not capable of making decisions for themselves due to mental incapacity or illness.
Breach of Contract
The failure to perform as specified in a contract without a legitimate legal excuse.
RLLP
A Registered Limited Liability Partnership, a form of partnership that offers some partners limited liability regarding the partnership's debts and obligations.
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