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

question 118

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 Cain?

• A)$ 1,705.95
• B)$1,973.70
• C)$2,241.45
• D)$267.75
• E)$484.75

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Definitions:

Driveshaft

An assembly of one or more propeller shafts (hollow tubes) connected by universal joints (U-joints) to driven driveline components. In a typical tandem drive highway tractor, driveshafts are used to transmit torque from the transmission and forward differential carrier and between the two differential carriers.

Dynamically Balance

The process of balancing a rotating component while it is in motion to minimize vibrations and ensure smooth operation.

Transmission

A mechanical system in vehicles that transfers power from the engine to the drive axle, modulating engine output through various gear ratios.

Differential Carrier

The housing that contains the differential gearbox, supporting the ring gear and differential bearings.