An Employee Earned $128,500 Working for an Employer in the Current

question 136

Multiple Choice

An employee earned $128,500 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $118,500 maximum per year and the rate for FICA Medicare 1.45% of all earnings. The employer's total FICA payroll tax for this employee is:

• A)$9,210.25.
• B)$9,830.25.
• C)$879.75.
• D)$8,950.50.
• E)$0, since the FICA tax is only deducted from an employee's pay.

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Definitions:

Personalizing Customer Relationships

Personalizing customer relationships involves tailoring interactions and communications to meet the individual needs and preferences of each customer.

Referring Competition

Mentioning or recommending competitors in a way that can indirectly benefit one's own business.

Personalize The Relationship

A marketing and customer service strategy focusing on tailoring interactions and communications to meet the individual needs and preferences of customers.

Trial Close

A sales technique used to gauge a prospect's readiness to buy by asking hypothetical closing questions before the actual close.