An Employee Earned $4,300 Working for an Employer

question 148

Multiple Choice

An employee earned $4,300 working for an employer.The current rate for FICA social security is 6.2% and the FICA Medicare rate is 1.45%.The employer's total FICA payroll tax for this employee is:

• A)$62.35.
• B)$266.60.
• C)$328.95.
• D)$657.90.
• E)Zero,since the FICA tax is a deduction from an employee's pay and not an employer tax.

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Definitions:

Organisation Disadvantages

Refers to the potential drawbacks or negative aspects that can arise within an organization, such as inefficiency, communication breakdowns, or decreased morale.

Individual Benefits

Advantages or gains that accrue directly to a person from their actions or investments.

Flexible Working Hours

Give employees some choice in the pattern of daily work hours.

Absenteeism

The habit or practice of frequently being absent from work or obligations without good reason, leading to potential disruptions and decreased productivity.