Use This Information for Harris Company to Answer the Following

question 30

Multiple Choice

Use this information for Harris Company to answer the following questions.
​
Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31.
​
$$\begin{array} { l r l c } \text { Gross payroll } & \$ 10,000 & \text { Federal income tax withheld } & \$ 1,800 \\\text { Social security rate } & 6.0 \% & \text { Federal unemployment tax rate } & 0.8 \% \\\text { Medicare rate } & 1.5 \% & \text { State unemployment tax rate } & 5.4 \%\end{array}$$ ​
-Assume that social security taxes are payable at a 6.0% rate, Medicare taxes are payable at a 1.5% rate with no maximum earnings, and federal and state unemployment compensation taxes total 4.6% on the first $7,000 of earnings. If an employee earns $2,500 for the current week and the employee's year-to-date earnings before this week were $6,800, what is the total payroll tax related to the current week?

• A) $187.50
• B) $196.70
• C) $344.50
• D) $9.20

Analyze and solve problems involving exponential and algebraic expressions.

Calculate the impact of changes in ratios, such as student-to-teacher ratios or energy efficiency improvements.

Understand the definition and characteristics of negotiable instruments as per the Uniform Commercial Code (UCC).

Identify the difference between order instruments and bearer instruments.

---

Definitions:

Kanamycin

An antibiotic used to treat a variety of bacterial infections by inhibiting the production of bacterial proteins.

IV Stat

An order for immediate intravenous administration of a medication, typically in emergency situations.

DA Verification

Data Accuracy verification, a process in which the correctness and reliability of data are checked.

Scope

Refers to the extent or range of an activity, project, or study, outlining its boundaries, deliverables, and limitations.