An Employee Earned $4,300 Working for an Employer

question 148

Multiple Choice

An employee earned $4,300 working for an employer.The current rate for FICA social security is 6.2% and the FICA Medicare rate is 1.45%.The employer's total FICA payroll tax for this employee is:

• A)$62.35.
• B)$266.60.
• C)$328.95.
• D)$657.90.
• E)Zero,since the FICA tax is a deduction from an employee's pay and not an employer tax.

Explain the implications of incarceration rates in relation to crime rates in the US.

Describe the policymaking process using a specific policy example.

Understand the historic roles played by the U.S. government in reducing unemployment.

Comprehend how the Federal Reserve Board influences the U.S. economy and how its influence compares to that of the president.

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Definitions:

Withdrawal

The act of removing oneself or one's assets from a participation or investment, or ceasing to be involved in an activity.

UPA

This could refer to the Uniform Partnership Act, which is a set of laws adopted by some states in the U.S. that regulate the operations of partnerships.

Partnership

A legitimate enterprise setup in which management duties and profits are divided among two or more persons.

UPA

Uniform Partnership Act; a law that governs the operations of partnerships in the United States.