Gary Marks Is Paid on a Monthly Basis $\underline{\text{(Round your intermediate calculations to two decimal places.)}}$

question 37

Multiple Choice

Gary Marks is paid on a monthly basis.For the month of January of the current year,he earned a total of $8,288.FICA tax for Social Security is 6.2% on the first $128,400 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 $1,375.17.What is the amount of the employer's payroll taxes expenses for this employee? $\underline{\text{(Round your intermediate calculations to two decimal places.) }}$

• A)$2,009.21
• B)$1,131.31
• C)$2,506.48
• D)$420.00
• E)$1,054.04

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Definitions:

Genetically Based

Pertains to traits, behaviors, or dispositions that are inherited from one's parents through genes.

Environmentally

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Personality

The combination of characteristics or qualities that form an individual's unique character.

Stages Of Development

The distinct phases of intellectual, emotional, and physical growth through which an individual typically progresses in a predictable sequence during their lifetime.