If, Prior to the Last Weekly Payroll Period of the Calendar

question 125

True/False

If, prior to the last weekly payroll period of the calendar year, the cumulative earnings for an employee are $98,800, earnings subject to social security tax are $100,000, and the tax rate is 6.0%, the employer's social security tax on the $2,000 gross earnings paid on the last day of the year is $120.

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Definitions:

Celiac Trunk

A major artery that supplies blood to the abdominal organs, including the stomach, spleen, and liver.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, typically measured in millimeters of mercury (mmHg).

Capillaries

Microscopic blood vessels that facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.

Pulse

The rhythmic expansion and contraction of arteries each time the heart beats, often felt at various points on the body as a heartbeat.