Action Travel Has 10 Employees Each Working 40 Hours Per

question 106

Multiple Choice

Action Travel has 10 employees each working 40 hours per week and earning $20 an hour.Federal income taxes are withheld at 15% and state income taxes at 6%.FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee.What is the total payroll tax expense for the first week of January?

• A)$612.
• B)$1,224.
• C)$916.
• D)$304.

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Definitions:

Fallacy

An incorrect reasoning process that results in the invalidity of an argument.

Raccoons

Medium-sized mammals known for their distinctive facial mask and ringed tail, often found in North America.

Dangerous Animals

Animals that pose a threat to human safety due to their behavior, physical capabilities, or potential for transmitting diseases.

Pet Raccoon

Refers to the uncommon practice of keeping a raccoon, a typically wild animal known for its dexterity and intelligence, as a domestic pet.