Ben's Mentoring Had the Following Information for the Pay Period

question 78

Short Answer

Ben's Mentoring had the following information for the pay period ending September 30: Assume:
FICA-OASDI applied to the first $128,400 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Employees contribute to their retirement fund at a rate of 5.5% of their gross earnings.
-Compute the total employer's payroll tax.

---

Definitions:

Posterior Cruciate Ligament

A key ligament located within the knee, vital for stabilizing the joint by preventing the tibia from moving too far backward.

Medial Collateral Ligament

A ligament located on the inner side of the knee, providing stability and limiting the joint's lateral movement.

Lateral Meniscus

A C-shaped piece of cartilage located in the knee between the femur and tibia, providing stability and reducing friction in the knee joint.

Posterior Cruciate Ligament

A ligament in the knee that connects the thigh bone (femur) to the shin bone (tibia), preventing the shin bone from moving too far backwards.