Art Parrish,the Sole Employee of Parrish Sales,has Gross Salary for March

question 47

True/False

Art Parrish,the sole employee of Parrish Sales,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $106,800,and thus subject to FICA.The total amount of FICA that the company pays to the government on Art Parrish's behalf is $612.

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Definitions:

Well Above Average

A term used to describe something that significantly exceeds the typical or expected standard or level.

Charming

Possessing an appealing characteristic that inspires admiration or affection; often related to charisma and social effectiveness.

Antisocial Personality Disorder

A mental health condition where an individual consistently shows no regard for right and wrong and ignores the rights and feelings of others.

Lack of Guilt

An absence of remorse or feeling responsible for one's actions, which can be a characteristic of certain personality disorders.