An Employee Earned $4,300 Working for an Employer

question 170

Multiple Choice

An employee earned $4,300 working for an employer. The current rate for FICA Social Security is 6.2% and the rate for FICA Medicare 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.

Understand the concept of functional, employment, pay, and procedural flexibility in the workplace.

Identify the shift from scientific management to flatter, team-oriented work structures.

Recognize the historical complementarity and conflict between scientific management and job control unionism.

Grasp the role and effects of management practices and union strategies on workplace organization and flexibility.

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Definitions:

Uniform Securities Act

A model law designed to guide states in regulating the sale of securities to protect investors from fraud.

Register by Coordination

A process for securities registration where state and federal requirements are coordinated to streamline the process for issuers.

1933 Act Registration Statement

A document filed with the SEC that includes all material information about a company offering securities to the public.

Legislative Branch

The part of the government responsible for making laws. In the United States, it is Congress, which consists of the Senate and the House of Representatives.