An Employee Earned $4,600 in February Working for an Employer

question 233

Multiple Choice

An employee earned $4,600 in February working for an employer.Cumulative earnings of the previous pay periods are $4,800.The FICA tax rate for Social Security is 6.2% of the first $118,500 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings.The current 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.What is the amount the employer should record as payroll taxes expense for the month of February?

• A) $581.90
• B) $110.00
• C) $351.90
• D) $483.90
• E) $230.00

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Definitions:

Alkene Products

Compounds resulting from chemical reactions involving alkenes, characterized by the presence of at least one carbon-carbon double bond.

Predominate

To be the strongest or main element; to have a dominating influence.

Major Organic Product

The primary product of an organic reaction that is formed in the greatest yield, determined by the mechanism and conditions of the reaction.

2-Methylheptane

An isomer of octane, a hydrocarbon molecule with a seven-carbon chain and a methyl group attached to the second carbon.