Triston Vale Is Paid on a Monthly Basis

question 155

Multiple Choice

Triston Vale is paid on a monthly basis. For the month of January of the current year, he earned a total of $5,210. FICA tax for Social Security is 6.2% on the first $118,500 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 $885.70. What is the amount of the employer's payroll taxes expenses for this employee?

• A) $1,284.27
• B) $398.57
• C) $711.17
• D) $312.60
• E) $1,596.87

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Definitions:

Static Charge

An imbalance of electric charges within or on the surface of a material, which remains until it is able to move away through an electric current or electrical discharge.

Spray Painting

The application of paint or another substance through the air onto a surface via the use of a spray gun, creating a uniform and smooth layer.

Electrostatic Charges

Voltage developed by an excess or lack of electrons on an object.

Conductors

Materials that allow the flow of electrical current with minimal resistance, such as metals, due to their ability to freely move electrons.