Mission Company Has Three Employees $\text { The company is subject to the following taxes: }$

question 66

Multiple Choice

Mission Company has three employees:
$\begin{array}{lcc}&\text { Gross Pay through July}&\text { Gross Pay for August }\\\text { Smith } & \$ 3,200 & \$ 1,000 \\\text { Cain } & 25,800 & 3,500 \\ \text { Clark } & 94,600 & 13,100\end{array}$

$\text { The company is subject to the following taxes: }$

$\begin{array} { l c l } \text { Tax } & \text { Rate } & \text { Applied To } \\ \text { FICA-Social Security } & 6 . 2 0 \% & \text { First } \$ 106,800 \\ \text { FICA-Medicare } & 1.45 & \text { All grosspay } \\ \text { FUTA } & . 8 0& \text { First } \$ 7,000 \\ \text { SUTA } & 5.40 & \text { First } \$ 7,000 \end{array}$

What is Mission Company's amount for payroll taxes for Smith?

• A)$ 62.00
• B)$138.50
• C)$443.20
• D)$581.70
• E)$76.50

---

Definitions:

Relational

Pertaining to or concerning the way in which two or more concepts, objects, or people are connected.

Prospective

Relating to or effective in the future; oriented towards potential developments or occurrences.

Retrospective

An analysis or review of past events, aimed at gaining insights or understanding for future improvements.

Identity

The way an individual or group perceives themselves, often shaped by cultural, social, and personal factors and can influence behavior and interactions.